A Queensland-based financial services company has collapsed into liquidation with millions of dollars in debts. The Australian Tax Office is reportedly the largest creditor of Gold Coast-based firm Members Alliance and its related entities, with the Gold Coast Bulletin reporting the ATO is owed $29 million. Of that figure, the company, which was evicted from…
DetailsNEW YORK–(BUSINESS WIRE)– Fitch Ratings has assigned the following ratings and Rating Outlooks to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C05: –$385,709,000 class 2M-1 notes ‘BBB-sf’; Outlook Stable; –$257,139,000 class 2M-2A exchangeable notes ‘BB+sf’; Outlook Stable; –$459,178,000 class 2M-2B exchangeable notes ‘B’; Outlook Stable; –$716,317,000 class 2M-2 notes ‘Bsf’; Outlook Stable; –$257,139,000…
Details09 August 2016 Emma Ryan View Comments A former litigation specialist for Holding Redlich has taken up a new position at a Queensland law firm. Alexandria Geokas (pictured)…
DetailsBEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring. On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them. Among the set…
DetailsOil doesn’t just float on water. It’s pretty buoyant on debt, too. My colleague Lisa Abramowicz wrote earlier this week about the flood of money into emerging market debt this year. Just as investors are now willing to take negative yields on trillions of dollars in developed-economy sovereign debt, the premium they demand for bonds from…
DetailsAug 10, 2016 12:33 pm ET Allegations of poor corporate governance practices at U.K. retailer BHS has led some to call for greater oversight of private companies, but governance specialistsand even legislatorssay that instead of more regulation, the focus should be on improving corporate culture. Member… Read the full article at: http://blogs.wsj.com/riskandcompliance/2016/08/10/governance-at-private-cos-best-tackled-by-changing-culture/
DetailsThe basis of the deal is to keep the directors in control, preserve the business and give it a fighting chance to survive. Is your business at risk? Here’s a simple test you could use to find out if your business is in danger of entering a difficult phase or has risk of bankruptcy. Many…
DetailsThere are ways that someone in debt can protect themselves against foreclosures and angry phone calls, and earn a little more time to pay back their debts. While its a great option for helping to relieve debt, many homeowners facing foreclosure and other circumstances of debt are hesitant to file for bankruptcy. Richard Weaver, Attorney…
DetailsBENNINGTON The Vermont State Employee’s Credit Union has launched its annual Student Loan Independence For Today (LIFT) program, which will help three Vermonters pay off their student loans. VSECU, a member-owned cooperative and not for profit credit union with a branch at 194 North Street in Bennington, announced on Monday that it is now accepting…
DetailsThe first time Angela Lawson got married, she eloped. So for her second wedding, she wanted the full bridal experience. But her experience has been left somewhat in tatters after the collapse of a Fitzroy bridal boutique, Primrose and Finch. Kerry and Matthew Smith, whose business Primrose and Finch went into liquidation in late July…
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