A publicity drive aimed at making more people aware of free legal and financial advice available to those in mortgage distress has commenced. It comes after research revealed that two-thirds of those who could benefit most from such a scheme did not know it existed. The Abhaile scheme was launched last July as a one-stop…
DetailsEX-STAFF of a prominent Mooloolaba restaurant will only receive about 13 cents for every dollar of superannuation they’re owed by former boss Todd Young. Mr Young hit Las Vegas with his partner just days after winding up Todd Young Investments Pty Ltd on December 29, 2015. His company operated Bella Venezia restaurant at Mooloolaba through…
DetailsA High Court judge has approved a personal insolvency arrangement for Donegal county councillor John ODonnell, who has debts of more than 4.2 million. A meeting of Mr ODonnells creditors had last month had rejected the proposed arrangement. Mr ODonnell, an Independent Councillor, previously featured in an RTÉ Investigates programme on standards in public office.…
DetailsGalway Bay fm newsroom 76 people were declared bankrupt across Galway over the past two years. New statistics from the Insolvency Service of Ireland show that from 2014 to 2016, there were a total of 171 debt solutions issues across the city and county. 95 of these were approved by creditors or the courts, and…
DetailsThe NRLs recent decision to change the requirements in terms of when clubs announce their intended squads for upcoming matches has me a little baffled. It appears that nothing has actually changed. Clubs must announce their 21-man squad by a certain time mid-week and then finalise their squad one hour before kick-off on game day.…
DetailsBanks only recover 34% of the mortgage debt they are owed if the borrowers go bankrupt, new analysis has shown. Customers go into bankruptcy if banks reject insolvency proposals put forward by personal insolvency practitioners. The analysis has been compiled by a firm called Insolvency Resolution Service, which today published a study based on the…
DetailsWELFARE: Launceston Community Legal Centre welfare officer Emma Smith says her debt case load has doubled following the Centrelink debt fiasco. Picture: Chris Clarke The debt caseload at the Launceston Community Legal Centre has skyrocketed for its welfare officer due to the Centrelink fiasco. Nationally, people are receiving letters from Centrelink informing them they have outstanding…
Details90 people in Clare sought solutions to personal debt from the Insolvency Service of Ireland over the past two years. The latest report from the ISS shows Clare had one the highest agency engagements compared to other counties on the Western seaboard between 2014 and 2016. But the number of those…
DetailsEvery year, HMRC publishes an annual report on the estimated UK tax gap the shortfall between the tax estimated due from that which is eventually collected. For the tax year ending April 2015, the latest figures available and published towards the end of 2016, some £36bn of estimated tax revenue remained uncollected. Standing at six…
DetailsHelen Anderson, Ian Ramsay, and Jasper Hedges, University of Melbourne, and Michelle Welsh, Monash University To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows. These are a few of several measures we have…
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