This month is an important reminder of South Africans human rights, and rightfully so. But, if there is one thing that the South African consumer should take note of, is their rights as consumers, which is celebrated on World Consumer Rights Day on the 15th of March. Consumers are primarily responsible to not only make…
DetailsTHIS is a column about two articles, both written by me last week. The first was about unit owners in a building facing large special levies because of defects, where the builder/developers companies were voluntarily wound up. The second was union fines after industrial action. The two articles are unrelated but a few things struck me as I worked on them, which is…
DetailsTwo high profile cases are similarly poised under the still nascent Insolvency and Bankruptcy Code (IBC). In both cases of Binani Cement and Bhushan Power and Steel, there are legal cases in court on the process of bidding for these assets. In each case, a party is ready with a higher offer than the one…
DetailsOne worrying takeaway from the first week of the Financial Services Royal Commission is how many elderly people are being adversely affected by irresponsible lending. Such lending is often the result of an agreement with a family member, for example an adult child, to help that person financially by entering into a joint loan.…
DetailsStock Photo Banks blamed for first fall in applications for debt deals Independent.ie THERE has been a fall in the number of people applying for official debt deals. https://www.independent.ie/business/personal-finance/property-mortgages/banks-blamed-for-first-fall-in-applications-for-debt-deals-36710478.html https://www.independent.ie/incoming/article36303344.ece/16c28/AUTOCROP/h342/stock-finance-bills-thinkstock.JPGfdg Email THERE has been a fall in the number of people applying for official debt deals. The drop is despite Ireland having one of the…
DetailsThe parent company of Winn-Dixie, Bi-Lo and Harvey’s will close 94 stores only one in Louisiana as part of a restructuring agreement with creditors holding the vast majority of its debt. Southeastern Grocers’ one Louisiana store set to shut down is a Winn-Dixie at 619 N. Causeway Blvd. in Mandeville. About three weeks ago, Winn-Dixie announced it…
DetailsAnthony Hucker, President and Chief Executive Officer of SEG, said, “The agreement we announced today is an important step in Southeastern Grocers’ transformation to put our company in the best position to succeed in the extremely competitive retail market in which we do business. With a foundation built on iconic, heritage banners, and with the…
DetailsAUGUSTA, Maine. (WABI) Maine ranks as the eighth highest state in the country in terms of student debt, that according to a national report. The LePage administration has brought forward a bill to provide debt relief for students in an attempt to keep younger people in the state. “The ultimate goal, the bigger picture, is…
DetailsJordan Blum, Houston Chronicle Published 8:00 am, Thursday, March 15, 2018 … Read the full article at: https://www.chron.com/business/energy/article/EnerVest-business-filing-for-bankruptcy-to-12755380.php
DetailsTHE latest figures on personal insolvency show numbers are going down in Bundaberg – but there’s still plenty of people lining up for welfare. St Vincent de Paul Society Bundaberg family intervention co-ordinator Patsy Birznieks said people were literally standing in line waiting for help. “We’re open three mornings a week on Mondays, Tuesdays and…
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