Its no wonder the countrys $1.5 trillion in collective student loan debt is being called a crisis. Young borrowers are delaying major life milestones such as buying homes and starting families because of the financial burden of their loans. A million borrowers default on their loans every year. But theres another equally damaging consequence of…
DetailsThe propensity of mortgages, credit cards and leased cars in the UK means that most of us are in debt to some extent. It is only when that debt can no longer be managed and paid off at regular intervals that it becomes stressful. There is a fine line between feeling on top of your…
DetailsBrisbanes food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbanes 1500 square metre answer to Harrods Food Hall in London and Italys Eataly. A sign in the window of the King Street retailer…
DetailsAnd there is no point looking to Foxtels other shareholder, Telstra, which contributed nothing to help Foxtel with its April repayment. Thus the race is on to refinance nine separate debt facilities that become payable between now and 2022. And new debt facilities wont come cheap for Foxtel, which is currently paying between 3.55 per…
DetailsVolkswagen workers backed a restructuring of the worlds largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony. Diess needs the support of Volkswagens powerful unions as he attempts to slim down and simplify the German…
DetailsCoventry-based Link Mailing has been placed in voluntary liquidation following a meeting with company members and appointed liquidators. Link Mailing is to be voluntarily wound up. PrintWeek reported on 1 May that insolvency practitioners Eric Walls and Wayne Harrison of KSA Groups Gateshead office had been nominated, being officially appointed as joint liquidators of Link…
DetailsBased on the Stumptowngraphic novel series, Stumptownfollows Dex Parios (Cobie Smulders)a strong, assertive and sharp-witted army veteran with a complicated love life, gambling debt and a brother to take care of in Portland, Oregon. Her military intelligence skills make her a great PI, but her unapologetic style puts her in the firing line of hardcore…
DetailsThe degree to which people are struggling to get by including having no savings to deal with an unforeseen bill should be seen as a crisis. Some estimates suggest that the number of people with even 100 in savings has fallen in recent years while others say one in five people have no savings at…
DetailsMIFAs insolvency administrator Lucas Flther of Flther & Wissing welcomes the judgment of the court of appeal in Naumberg. The courts decision is an important victory for the numerous creditors of MIFA AG. The court has followed our plea that the property belongs to the assets of the MIFA. Now we have to wait and…
DetailsWant to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Investors are always looking for growth in small-cap stocks like Orbital Corporation Limited (ASX:OEC), with a market cap of AU$29m. However, an important fact which most ignore is: how financially healthy is…
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