Citizens Advice has warned people are at risk of “spiralling into debt” amid the cost of living crisis. The data comes to light as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost of living crisis. A person becomes insolvent when they are unable to pay their debts, and are…
DetailsDear Amy: I belong to a group of nine women who are all retired teachers of various ages. We have met monthly for 35 years. We started this group because, although we worked for the same school district, several moved to different schools, and this was a way for us to stay connected. In the…
DetailsA bankrupt conman is again being pursued by furious developers in a dispute over a multimillion-dollar property deal on Melbournes fringe, as the corporate regulator faces pressure to act on years of warnings about the faux French fraudster. Henri-Claude Louis Philippe Du Pont, who was born in regional Tasmania as Phillip Wickham before taking on…
DetailsAlibaba Stock at a Glance Current Morningstar Fair Value Estimate: $177 Alibaba Stock Star Rating: 5 Stars Economic Moat Rating: Wide Moat Trend Rating: Negative Alibaba Stock Update Wide-moat Alibaba Groups BABA plan to split itself into six main companies is a continuation of the policy of empowering business units, which began in 2020. Alibabas…
DetailsOn March 31, two large Australian building companies collapsed, joining a long line of business failures in the construction industry. Porter Davis Homes had 1,500 partially built houses in Victoria and 200 in Queensland, as well as almost 800 signed house-building contracts ready to start. The Lloyd Group had 59 projects underway, mostly for state…
Details(The Center Square) As Illinois gaming revenues soar to record highs in 2022, so has gambling debt. Calvin Miller, associate director of the Illinois Council on Problem Gambling, has heard some heartbreaking stories in his work on the council. People can lose their life savings in a weekend, Miller told The Center Square. But there…
DetailsPeople often tend to go overboard spending beyond their means during Eid Al Fitr celebrations and later struggle with buyers remorse. This could spell trouble for many households who are struggling amid the global cost-of-living crisis. It is important to avoid racking up holiday debt, particularly when interest rates are rising, financial experts warn. It…
DetailsDharampal Satyapal Group, owner of brands such as Rajnigandha, Pulse and Catch, that also operates in the hospitality sector with hotels in Jaipur, Guwahati, Nainital and Jim Corbett; and Kolkata based real estate player Salarpuria Group have submitted resolution plans for Viceroy Bangalore Hotels Private Limited that owns Marriotts five-star Renaissance Bengaluru Race Course hotel.…
Details(MENAFN– Colombo Gazette) International Monetary Fund chief Kristalina Georgieva says China had been helpful in reaching a debt relief deal for Sri Lanka. Georgieva also said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who…
DetailsThursday, April 6, 2023 INTRODUCTION In Part I of the Year End Wrap (available here), we analysed some of the empirical data on recoveries and investments under the Code as well as impact of legislative/regulatory amendments on investments and acquisitions under the Code. In Part II, we have analysed some of the significant judicial pronouncements…
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