At just 38, Casey McIntyre, a publishing executive remembered as an adoring wife and mother, died from ovarian cancer on Nov. 12. In a message written before her death that has subsequently gone viral on X (formerly Twitter), McIntyre shared her final wish: to pay off strangers’ medical debt through the charity RIP Medical Debt.…
DetailsA Geelong-based company owned by Geelong businessman David Collard has been wound up over allegations it owes more than $100,000 in debt. A court has ordered Sanitex Global Pty Ltd be placed in liquidation and denied a request by the companys solicitor to postpone the case, to allow Sanitex to repay money alegedly owed. Judicial…
DetailsASIC has disqualified a former Magnolia Capital Group director from managing corporations for five years and banned him from financial services or credit activities for 10 years after the company collapsed owing up to an estimated $50 million. Youre out of free articles for this month To continue reading the rest of this article, please…
DetailsCitigroup Inc. C has commenced the elimination of various job positions as part of its major organizational overhaul process. Per a Yahoo Finances article quoting Bloomberg, the job cuts involve approximately 10% of Citigroups senior manager roles aggregating to around 300 managers. The companys press release said, Today we shared with our colleagues the next…
DetailsSINGAPORE In a bid to save himself from bankruptcy, Samuel Woo Wai Hoong conspired with two other people to cheat various banks into disbursing loans with falsified Inland Revenue Authority of Singapore (Iras) documents. On Wednesday (Nov 22), Woo, a 45-year-old businessman, pleaded guilty to seven charges of being party to a criminal conspiracy to…
DetailsWith the right option, you may be able to cut down on what you pay in interest on your credit card debt. Getty Images Credit card debt can be easy to accumulate. And, once you have enough of it, that debt can be quite uncomfortable. After all, credit cards tend to come with high interest…
DetailsTwenty-nine officials from The Gambia, Ghana, Nigeria and Sierra Leone recently completed hands-on training to produce and analyse quality debt data using a Commonwealth tool that will help their governments make better financial decisions. The Commonwealth Secretariat and the West African Institute for Financial and Economic Management delivered the five-day training in Abuja, Nigeria from…
DetailsThe Kerala High Court has clarified that a simple submission of an application under the Insolvency and Bankruptcy Code (IBC) for personal insolvency does not initiate a moratorium immediately. With this ruling, the High Court has plugged a loophole that defaulters use to defend personal assets. In its ruling, the Kerala High Court has cleared…
DetailsOn Wednesday, Parliament approved Belgiums request for support from the European Globalisation Adjustment Fund for Displaced Workers (EGF). MEPs acknowledged that the COVID-19 pandemic and the Russian war of aggression against Ukraine have reduced economic competitiveness and have a negative impact on economic growth in Belgium. In recent years, Makro Cash & Carry Belgium NV…
DetailsNov 20, 2023 5.00pm Citis Australian workforce are bracing for layoffs as the US bank rolls out a global restructuring that will involve thousands of job losses. Local positions under threat included back-office roles, such as compliance and risk, while Citis broker-dealer arm could have some staff reductions, people familiar with the reorganisation told The…
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