Two Queenstown lodges placed into receivership in February have sold, but they and their sole shareholding company have now been placed in liquidation. Evergreen Lodge, at Sunshine Bay, and Remarkables Mountain Lodge, on Kingston Rd, were sold by tender for a total of $3.87 million. However, the second receivers report says both property companies and…
DetailsTravelling almost always involves confronting experiences with abject poverty. As you step out of the pampered cocoons of hotels, restaurants and airline cabins and see destitute people sleeping on streets in all weather and imploring you for money, it is only the most hardened or indifferent whose holiday post-mortems dont wrestle with dilemmas of the…
DetailsMoneyTips Getting out of debt can be challenging, especially if you have little experience in managing your finances and need support. Using a counseling agency can be a great way to get debt relief. The agency can possibly negotiate reduced interest rates for you to pay back all your unsecured debt. You then make a…
DetailsThe Czech minister of justice is putting forward a new amendment to the bankruptcy law aimed at helping people to climb out of debt and make a fresh start. The legislation would make it easier for them to enter the debt relief process and could mean they will be free of debt more quickly than…
DetailsGermany’s troubled Deutsche Bank is imposing a hiring freeze across all global operations as it “braces” itself for a huge penalty from the US Department of Justice, says The Times. The lender has stopped recruitment in every department except compliance. It has already agreed 1,000 additional job cuts in its home market, on top of…
DetailsARU CEO Bill Pulver says playing a Wallabies Test in Fiji is a debt Australia owes the Pacific Island nation. The Wallabies have a handful of Fiji-born players in their Test side and Pulver said the country had plenty to thank their neighbours for. New Zealand took a Test to Samoa in recent years, a…
DetailsKimberley Kitching is smart, charming and engaging. She has been a Melbourne councillor, a lawyer, a political adviser and a senior union manager. Kitching ticks many Labor boxes. But Bill Shorten made a terrible call backing her to replace Stephen Conroy in the Senate, a plum role once held by Labor giants John Button and Gareth Evans.…
DetailsDodgy private colleges will be banned from receiving taxpayer money and student loans capped under a sweeping redesign of the scandal-plagued vocational loans scheme by the Turnbull government. The overhaul, to be announced by Education Minister Simon Birmingham on Wednesday after being approved by cabinet on Tuesday, will wipe an estimated $25 billion from federal…
DetailsThe Isle of Wight Council is looking at ways of funding services in the future. A ‘DEBT repayment holiday’ could help the Isle of Wight Council free-up £40 million over five years and provide a fiscal lifeline at least until the government announces the results of its fair funding review. The future of the authority…
DetailsBusiness owners in central west New South Wales say they are not sure whether they will recover millions of dollars owed by a mining company that has gone into receivership. The Mineral Hill mine, north of Condobolin in the Lachlan Shire, has been put into care and maintenance after the owner KBL Mining Limited…
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