We have this good friend who regularly tells us how much government debt has risen, the interest bill the country is paying and that the economy is therefore a disaster waiting to happen. We explain patiently that it isnt as bad as hes describing and he always replies with a glib one line response he…
Detailsnews, latest-news, The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. A source who wished to remain anonymous toldThe Courier30 staff would lose their jobsafter liquidatorswere appointed on Wednesday. Ceramets technical and commercial manager Stephen…
DetailsA MAN who used a stolen credit card for gambling thought methylamphetamine would assist him with analysing the bets. Adam Noel Baker racked up $18,384 in debt on the stolen credit card by gambling and taking out cash advances. Baker pleaded guilty to 31 counts of gains benefit by fraud, home burglary and commit, two…
DetailsOLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to f from a- of Merced Property & Casualty Company (Merced) (Atwater, CA), following the announcement on Nov. 30, 2018, that the California Insurance Commissioner…
DetailsRecently, the FTC stopped several student debt relief companies from operating after it found the companies were making false claims that they could reduce loan payments and even eliminate student loan debts entirely. Impetus Enterprise, Inc. and two related corporations charged customers upfront fees for debt relief, which is illegal, to the tune of at…
DetailsChristchurch company Corbel Construction has gone into liquidation. Corbel Construction, established in Christchurch in 2000, opened an Auckland office in 2015 and said it specialised in commercial and industrial projects, and had upgraded four schools in Christchurch and worked with district health boards in Auckland and Christchurch. The Companies Office said Andrew Oorschot of Ashton…
DetailsThe former world No 1 tennis player Boris Becker has dropped his claim to have diplomatic immunity from bankruptcy. The three-time Wimbledon champion had argued his appointment by the Central African Republic as a sporting, cultural and humanitarian attache to the European Union meant he could not be subjected to legal proceedings. But, after being…
DetailsChristchurch company Corbel Construction has gone into liquidation. Corbel Construction, established in Christchurch in 2000, opened an Auckland office in 2015 and said it specialised in commercial and industrial projects and upgraded four schools in Christchurch. The Companies Office said Andrew Oorschot of Ashton Wheelans was appointed the liquidator of Corbel Construction on Monday. A…
Details3 December 2018 Image copyright PA Ex-tennis champion Boris Becker has dropped his claim to have diplomatic immunity from bankruptcy. The three-time Wimbledon winner had said his appointment as a Central African Republic (CAR) diplomat gave him protection from any legal claims. Declared bankrupt in 2017 over money owed to bank Arbuthnot Latham, he was…
DetailsArif Naqvi – File photo LONDON: Hopes of a solution have risen after the Abraaj group founder Arif Naqvi made last-ditch efforts to rescue the remaining business of his emerging markets empire and the Cayman Islands agreed to an extension for Abraajs joint provisional liquidators to devise a restructuring proposal over the next three months.…
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