Imagine you get a letter from Centrelink saying you have an outstanding debt of more than half your yearly salary. Oh, and it’s due in just over a fortnight. Brisbane-based single mum Joy got a letter like that before Christmas. (Joy isn’t her real name; she’s asked Hack not to identify her as her debt…
DetailsTwo debt charities are preparing for what they say will be one of their busiest months ever as cash-strapped consumers are forced to face up to pre-Christmas overspending, and more deep-seated financial problems. Citizens Advice expects more than 370,000 people to seek help on a range of financial issues including post-Christmas debts over the next…
DetailsUnless the startup you’re working for is the next Google, you’re going to want to pay attention to these stock option tips. Early Googler As a product-obsessed entrepreneur and investor, I rarely focus on financing mechanics in the start-up world. It tends to be a binary outcome, and people should join a venture for the…
DetailsFormer Californian gridiron champ turned drug lord Owen O-Dog Hanson is expected to plead guilty AUSTRALIAN authorities battling to stem the huge flow of cocaine from South America appear to have scored another major victory with alleged California drug kingpin Owen O-Dog Hanson expected to plead guilty in a San Diego court. Hanson, a musclebound…
DetailsWhen Centrelinks letter arrived two weeks before Christmas, Michael Griffin instinctively knew he was going to be unfairly trapped. So he meticulously documented, step-by-step, how the system wrongly deemed him to have a $3,197 debt. Griffins ordeal began when he received the standardised letter from Centrelink, telling him there was a discrepancy between income information…
DetailsThe liquidators of BHS are conducting a detailed investigation into property transactions that took place during the regimes of Sir Philip Green and Dominic Chappell, including whether the directors of the retailer breached their duties. Insolvency practitioners have a legal duty to review the conduct of the directors of a collapsed company, but the scope…
DetailsBy Associated Press Published: 23:00 +11:00, 1 January 2017 | Updated: 23:00 +11:00, 1 January 2017 e-mail NEW YORK (AP) Wake up New York, there’s a whole hidden city out there in the middle of the night, at your service. Even in an era when you can order just about anything you want by smartphone…
DetailsRestructuring & Insolvency 2017: Analysis The collaboration between Whos Who Legal and Global Restructuring Review has again generated extensive research into restructuring and insolvency legal markets around the world. All told, we list 570 lawyers this year from 47 jurisdictions. Thought Leaders Europe Rita Gismondi Gianni Origoni Grippo Cappelli & Partners, Rome…
DetailsOwen Hanson. (Supplied) Australian authorities battling to stem the huge flow of cocaine from South America appear to have scored another major victory with alleged California drug kingpin Owen “O-Dog” Hanson expected to plead guilty in a San Diego court. Hanson, a muscle-bound playboy and former member of the champion University of Southern California gridiron…
DetailsChinese Internet company Tencent announced business restructuring and personnel changes for its QQ music business line. The company revealed that they will establish a QQ music business line, which will be responsible for the development and operation of music products, including QQ Music and Kg.qq.com, an online karaoke platform. This new QQ music business…
Details