Student loan debt has made it difficult for many young Americans to enter the housing market. A recent survey from the National Association of Realtors found that 71% of student loan borrowers cited their student loan burden as a reason to delay buying a home. The student loan plight may be a major factor in…
DetailsA failed education company, that left more than 5000 students without the qualifications they paid for, engaged in misleading and deceptive conduct, unfair contract terms and unconscionable conduct, the Federal Court has found. Get Qualified Australia (GQA) was an education consultant that assisted job seekers in obtaining Recognition of Prior Learning (RPL) qualifications in industries…
DetailsPitcher Partners managing director Bryan Hughes has announced he will move on to chair the Perth-headquartered firm, with executive director Leon Mok to step into his role. From next week, Mr Hughes will become executive chairman of the accounting, audit and advisory firm. In a statement, he said Pitcher Partners restructuring and insolvency team had…
DetailsBy Julia Love | nSAN FRANCISCO Googles self-professed mission is to organize the worlds information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself. Nearly two years ago, Google co-founder Larry Page announced the tech giant would be remade as Alphabet, a holding…
DetailsThe administrator of the Ten Network has declared he expects the ailing television station to be saved. Key points: Creditors met to discuss options for restructure, voted for committee including Lachlan Murdoch, WIN TV’s Bruce Gordon and James Packer Administrator Mark Korda says cash-flow is positive and ratings are good, so network should be…
DetailsAs the Australian Securities and Investment Commission (ASIC) reportedly embarks on an investigation of failed local music streaming start-up, Guvera, the collapse of the company has left a handful of tech players out of pocket by hundreds of thousands of dollars. The music streaming company was placed into liquidation on 28 April after a failed tilt…
DetailsA plastics recycling company has blamed South Australia’s soaring electricity prices for its closure, with the loss of 35 jobs. Plastic Granulating Services has gone into liquidation after its electricity bills soared from $80,000 a month to $180,000 a month over the past year and a half. Managing director Stephen Scherer says the price hikes…
DetailsSouth Australia’s sky-high electricity prices have forced an Adelaide plastics recycling business to shut its doors, costing 35 workers their jobs, its managing director says. Plastics Granulating Services (PGS), based in Kilburn in Adelaide’s inner-north, said it had seen its monthly power bills increase from $80,000 to $180,000 over the past 18 months. Managing…
DetailsFacts Background Supreme Court decision Facts A Spanish company developed a building in Valencia. In 2005 it sold one of the flats in the building to an individual. In 2009 the developer registered the deed of dissolution with the Companies Registry. After the company was dissolved, the individual found defects in the flat’s flooring. She…
DetailsAustralian companies hunting for bespoke debt deals are finding willing lenders in the Americas, where low interest rates have prompted investors to venture further abroad for yield. With nearly 40 per cent of the world’s bonds yielding less than 1 per cent, North American insurers thirsty for income are ramping up their lending to companies…
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