The Altfin Life Assurance Company Limited has been liquidated as the Zimbabwean economic crisis continue to bite forcing many companies out of business. The Altfin Life Assurance Company Limited liquidation was announced by the Insurance and Pensions Commission (IPEC) advising stakeholders of the fall of business of the company. “The Insurance and Pensions Commission…
DetailsOUR children and young people are growing up in a world where they will one day have to make difficult financial decisions. With more financial products and ways to spend money than ever before, these decisions have become increasingly complex. Citizens Advice found the average user of financially risky products such as payday loans, which…
DetailsThe Irish Mortgage Holders Organisation (IMHO) has been appointed as the personal insolvency practitioner (PIP) for Dublin by StepChange, the debt advisory service. IMHO executive Stephen Curtis, a registered PIP, has been appointed by StepChange to this role, with the not-for-profit agency being one of six on a panel operated by the UK-based debt charity.…
DetailsPeak vegetable industry body AUSVEG says the sale of Australia’s largest fresh potato supplier should give growers confidence after months of uncertainty. South Australian-based Oakville Produce went into voluntary administration in May. Deloitte Restructuring Service partners Vaughan Strawbridge, David Lombe and Tim Heenan were appointed joint receivers and managers of the Oakville Produce…
DetailsGerry Harvey is a long-time Funtastic backer. Peter Rae The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after…
DetailsThe auditors of beleaguered toy maker Funtastic have warned there is significant doubt that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. Funtastic, which counts Harvey Norman executive chairman Gerry Harvey as one of its major shareholders, narrowed its net loss to $23.4 million for the year…
DetailsThe service – called Abhaile – has operated on a trial basis since earlier this year and the Government claims it is “proving very effective”. About 43,000 owner-occupier mortgages here are in arrears of 90 days or more. The Abhaile service is being launched by Tánaiste Frances Fitzgerald, and Minister for Social Protection, Leo Varadkar,…
DetailsBut when the Sands asked prosecutors to press criminal charges against Xiufei Yang (59) and Meie Sun (52) over the debts, their attorneys struck back with a surprising allegation. Yang and Sun weren’t high-stakes gamblers, their attorneys said in court filings. They were local housekeepers, recruited with the co-operation of Sands personnel to take out…
DetailsNelly performing in Atlanta in 2016. Paras Griffin/Getty Images Nelly — the St. Louis rapper, facial bandage wearer and official party maker of your middle/high-school dances — owes the IRS a lot of money: $2.4 million to be exact. In an optimistic effort to help him out, fans are streaming his albums on services like…
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