World Acceptance Corporation (NASDAQ:WRLD) has problems which have been mounting, and it now faces the following challenges, all of which will be resolved within twelve months. Severe punitive action by the CFPB Business deteriorating New rules restricting debt collection Credit facility maturity with no new lenders in sight Severe punitive action by the CFPB I’ve…
DetailsANALYSIS: We might have Tony Abbotts legacy to thank for a government plan to allow states to levy their own income tax. On Friday, Prime Minister Malcolm Turnbull will have his biggest chance at the de-Abbottification of Australia. The PM is meeting state and territory leaders at COAG the Council of Australian Governments to talk about…
DetailsThis is probably the last thing UK steelworkers wanted to hear today. As many as 15,000 workers are facing an uncertain future after Indias Tata Steel last night confirmed plans to put its embattled UK business up for sale. Tata said late on Tuesday that it is looking at strategic alternatives for its UK business,…
DetailsHaving banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central government…
DetailsThe Bankruptcy (Consolidation) Bill is very welcome. Although it does not make any substantive changes to personal insolvency law in Scotland, it does bring the Scottish law on bankruptcy together into one piece of well-ordered and logical legislation. The changes introduced to the Scottish personal insolvency regime over the past few decades have been necessary…
DetailsA comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on the Commonwealth’s…
DetailsEditorial A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on…
Details1:05 AM GMT A California man who last year pleaded guilty to transferring nearly $3 million to “an illegal gambling operation which accepted and placed bets on sporting events” filed a court motion on Tuesday requesting to withdraw his guilty plea. Gregory Silveira of La Quinta pleaded guilty in June to three counts of laundering…
DetailsThe dismantling of Health Diagnostic Laboratory is in full swing. A federal bankruptcy judge approved the former blood-testing firms liquidation plan during a hearing Tuesday, after HDLs lawyers fought against objections raised by… Read the full article at: http://www.richmond.com/business/article_92e1b25f-38ab-5f0f-905e-f20b331b3ddc.html
DetailsA womens clothing business with 19 retail stores across Australia and New Zealand has collapsed into voluntary administration but is continuing to trade. Meredith & Moore was founded in 1962 under the name Meredith and specialises in womens knitwear, jackets and coats. The Melbourne-based brand operates 17 stores across Australia, with stores in New Zealand. The…
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