TALLAHASSEE State insurance regulators last week signed off on a plan that will lead to policyholders throughout Florida paying extra on their bills because of property-insurer insolvencies. Insurance Commissioner Mike Yaworsky issued an order that approved a request by the Florida Insurance Guaranty Association to collect a 1 percent emergency assessment to cover costs of…
DetailsMillions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
DetailsA new report into the fiscal benefits and costs of gambling in Great Britain has estimated the current problem gambling rate to be 0.7% of the population, higher than the previous figure published by the Gambling Commission. In October 2022, the Gambling Commission released its latest gambling participation and prevalence survey, in which it said the overall problem…
DetailsMillions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
DetailsAfter a decade or more in which they have been obsessed with their own problems, countries in the wealthy west are starting to wake up to the risk of a looming debt crisis in poorer parts of the world. This weeks gathering of the International Monetary Fund and World Bank in Washington has been marked…
DetailsThe facts in Metal Manufactures v Morton Metal Manufactures Pty Limited (Metal Manufactures) supplied goods to MJ Woodman Electrical Contractors Pty Ltd (MJ Woodman) on credit, leading to debts owed by MJ Woodman to Metal Manufactures. During the relation back period, MJ Woodman made payments of $190,000 to Metal Manufactures in satisfaction of the debts.…
DetailsMillions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
DetailsMillions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
DetailsA major childrens retailer has gone bust after a bank appointed receivers to recoup their money. Last Tuesday, New Zealand business Bobux, which sells shoes for young children, collapsed. Conor McElhinney and Andrew Grenfell of insolvency firm McGrathNicol have been appointed as receivers and managers of Bobux and related its companies. They are acting on…
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