It’s been 10 years since Iceland’s economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home. After taking out what would end up being a toxic loan, the parents of two now adult sons have lived under the threat…
DetailsFactory Media, the parent company of fifteen websites and magazines, including six cycling titles, is entering liquidation, road.cc has learned. Factory, which was founded in 2006, owned and operated Road Cycling UK, Total Womens Cycling, Ride UK, Dirt Mountain Bike and Bike Magic, all of which are likely to close following the news. In a…
DetailsThings have suddenly gotten more complicated for Real Housewives of Beverly Hills stars Dorit and P.K. Kemsley as he has defaulted on a settlement with a Las Vegas casino. Paul Kemsley (known as P.K.) made an agreement with the Bellagio, but now a judge has ruled that the casino can garnish his wages to recoup…
DetailsDebt-ridden young people in Coventry are declaring themselves insolvent before they reach their mid-twenties, it has been revealed. New data shows a total of 527 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 34…
DetailsFashion designer Lisa Ho, pictured at Waverley Local Court in 2017, had money stolen by Hamish McLaren. Photo: Jessica Hromas The renowned designer was introduced to McLaren through her ex-husband in late 2011 and paid him $850,000 of her superannuation with the expectation he would invest it. McLaren deposited $100,000 with a now-bankrupt investment company…
DetailsThe Real Housewives of Beverly Hills star Dorit Kemsleys husband, Paul PK Kemsley, may soon discover his pockets are a little lighter, as a Las Vegas judge has ruled that the Bellagio casino can begin garnishing his wages to pay back his massive $2 million gambling debt. According to court documents, the judge granted the casinos plea for…
DetailsA JOINT fraud complaint to Queensland Police has alleged that one of Australia’s top four banks exposed 600 small businesses to $30 million in losses to allow it to recover more than $18 million it was owed by a failing builder. The complaint by two Sunshine Coast small business men, which is supported by NAB…
DetailsResidents in apartments bound in combustible cladding fear they will have no option but to pay millions of dollars to make their homes safe again, after construction company Hickory placed its subsidiary, H Buildings, into voluntary administration. Key points: A major Melbourne building company facing millions of dollars in claims for combustible cladding has…
DetailsResidents in apartments bound in combustible cladding fear they will have no option but to pay millions of dollars to make their homes safe again, after construction company Hickory placed its subsidiary, H Buildings, into voluntary administration. Key points: A major Melbourne building company facing millions of dollars in claims for combustible cladding has…
DetailsCREDIT card customers will find it tougher to get plastic under drastic new changes that will force them to repay their debts in just three years. From January 1 cardholders signing up to a new card must prove they can repay the total limit within this time frame. Latest Reserve Bank of Australia data shows…
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