Debt problems: Personal insolvencies at 10-year low 29 January 2016 From the section Business Image copyright Getty Images The number of people being declared insolvent was at is lowest level for a decade in 2015, but debt problems started to pick-up late in the year. A total of 79,965 people were left with unmanageable debts…
DetailsGambian workers are worried! Their salary for the month of January, has been cut to half by the repressive regime of dictator Yahya Jammeh. The recent pay cut affects the entire government workforce. The government says there is no adequate funds to cater for workers salaries. It has resorted to making piecemeal salary payments. Many…
DetailsQueensland Nickel creditors and observers signing on at the meeting in Townsville on Friday. The company sacked 237 workers at its Yabulu refinery near Townsville earlier in January and is now in administration. Photo: ANDREW RANKIN Clive Palmer’s Queensland Nickel will require a capital injection of “tens of millions of dollars” to avoid liquidation unless there…
DetailsRACHAEL KELLY/FAIRFAX NZ Gore building firm Price Bros Builders Ltd has gone into liquidation. A Gore building firm has gone into liquidation, owing more than $300,000 to secured and unsecured creditors. Price Bros Builders Ltd ceased trading several days before it was placed into liquidation by shareholder resolution on November 17, 2015. A liquidation report…
DetailsIt is almost 10 years since the onset of the global financial crisis, and yet the world is more polarised between rich and poor and politically more unstable, writes Tom Bramble. ———- When the US property market began to sink in 2007, few people foresaw what was about to transpire. The US financial system, which…
DetailsSlater & Gordon shares have given back a third of the week’s strong gains. Photo: Jessica Shapiro Shares in law firm Slater & Gordon slid by as much as 17 per cent after the company appeared to have missed its self-imposed deadline to update investors about its closely watched cash flows. In a statement to the Australian Stock Exchange…
DetailsWith Super Bowl 50 barely a week away, a San Francisco high school football star who played with the 49ers and then the Denver Broncos was one of 23 co-defendants named in a federal indictment alleging they ran a violent sports gambling and drug trafficking ring. Derek Loville, an Archbishop Riordan High School graduate, was…
DetailsSeven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura Ashley…
DetailsThe directors of a hairdresser-turned-insolvency practice have been banned from managing a company for 10 years, for failing to ensure their business acted in a competent manner. According to the Insolvency Service, Baker Donald was set up as a hairdresser in November 2011, but just over a year later started trading as an insolvency practice,…
DetailsAn insolvent Topeka bank seized by the federal government during the 2007-2008 financial crisis could receive a court hearing after the 10th Circuit Court of Appeals ruled on its case Tuesday. According to an agreement signed between Columbian Bank and Trust and the Federal Deposit Insurance Corporation, federal officials in 2008 had reason to believe…
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