Help is out there for those in debt – and you can help by telling your friends, family and neighbours. Thats the message from a new city-wide campaign aimed at helping those struggling with the misery of debt and money troubles. Leeds Joint Debt Forums Helping Hands initiative is calling on everyone to look out…
DetailsCurrent Insolvency provisions under the Australian Corporations Act impose a duty on Directors not to trade while insolvent, but also not to trade in a manner that will lead it to insolvency. Although this may not appear too onerous an obligation, it can actually be trickier than it seems. Some companies regularly flirt with insolvency,…
DetailsThe taxman and small businesses face losing out on millions of pounds after clothing retailer Blue Inc used a controversial insolvency procedure to close loss-making stores. HMRC could lose £3m and suppliers £31.6m after Blue Inc, which also owns the Officers Club, used a pre-pack administration to get rid of 76 stores and cut 500…
DetailsDebt charity workers expect this Monday (15 February 2016) to be the busiest day yet, following a record-breaking start to 2016. While the economy in some areas has seen an upturn, Christians Against Poverty is still hearing from thousands of people in desperate circumstances. Most of our clients have been struggling with problem debt for…
DetailsThe Securities and Exchange Commission barred an investment advisor from the industry because of sanctions imposed by the New Hampshire securities regulator and charged an electronics company executive with insider trading. It also charged an unregistered broker with fraudulent stock sales. SEC: Fake Broker Sold Phony Stock to Pay Gambling Debt The SEC has charged…
DetailsUnder the feudal mode of production, peasants were often allowed to cultivate plots of land for themselves on a rental basis. However, those tenant farmers rarely succeeded in becoming landowners in their own rights because a major share of what they harvested was taken away by landlords as rent, often leaving them with a bare…
DetailsWomen have yet another financial concern that weighs more heavily on their shoulders than on men’s. College-educated women are taking a longer time paying off the debt they incurred to attend school, new research has found. In 2012, working women who had graduated four years earlier had paid off about 33% of their student loans,…
DetailsNathan Tinklers company Australian Pacific Coal has taken a crucial blow, with Tinkler stepping down from the board over a new bankruptcy ruling. Newcastle Herald reported that a Federal Court judgement found Tinkler bankrupt over the sale of a luxury jet. Trading in Australian Pacific Coal shares was suspended on Tuesday following the ruling. Tinkler…
DetailsUniversal Music Group is coming towards the end of a significant period of global restructuring, MBW understands. One segment of UMG that has suffered some growing pains as a result is the Universal Music Group International (UMGI) division, which was/is based in London. Following the departure of UMGi CEO Max Hole last year, UMG boss…
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