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Showing 221 - 230 of 254 results for "Bankrupt"

RBNZ to become single NZ financial regulator

WWW.THESHEET.COM  |  THURSDAY, 21 JUN 2007
New rules being introduced in New Zealand mean finance companies and other organisations that take deposits from the public and other institutions, such as insurers and collective investment schemes, will have to be licensed by the Reserve Bank of New ...

Economic round-up: Going broke going for broke

SUZY MAC  |  WEDNESDAY, 30 MAY 2007
Contrary to the popular belief that working families have never been better off, the latest bankruptcy and first homebuyer affordability figures tell us there is growing pressure on both families and the economy. First time buyers trying to escape escalating ...

AIST against participating employer rule change

ALEX DUNNIN  |  THURSDAY, 10 MAY 2007
The Australian Institute of Superannuation Trustees (AIST) said it is not comfortable with the Budget's announcement that employers will no longer have to sign participating employer agreements before they can submit contributions to a public offer ...

Daily economic round-up

PETER BELL  |  MONDAY, 12 MAR 2007
... per cent this year and job cuts have been announced. More than twenty mortgage companies have closed operations, gone bankrupt or sold their operations in the last year. The fifth largest sub-prime mortgage broker General Electric is to retrench about ...

Phoenix won't rise from $1b fraud

The court case against Phoenix, a German hedge fund that embezzled more than $1 billion from 30,000 companies and individuals draws to a close next month, two years after the fraud was uncovered. In March 2005, the German regulator BaFin shut down the ...

NSW bankruptcies reach record highs

The latest quarterly figures from the Insolvency and Trustee Service Australia (ITSA) have shown record levels of bankruptcies in NSW with accountancy specialist Hall Chadwick warning "more bumps" are ahead. Compared to an already high 1,900 bankruptcies ...

Govt moves on bankruptcy super shield

The Federal Government has abandoned its previously proposed line of attack towards bankrupt individuals who try to dodge their creditors by exploiting a super loophole, instead adopting a more common sense approach to the long-running problem. Late ...

Macquarie buys insolvent Canadian mortgage funder

WWW.THESHEET.COM  |  TUESDAY, 13 JUN 2006
Macquarie Bank will buy Canadian mortgage funder Cervus Financial Group Inc - currently in bankruptcy protection - for A$15 million. According Canadian media reports, Cervus has around A$1.2 billion in loans under management for a market share of less ...

All is fair in love and bankruptcy

... by the new bankruptcy rule that allows bankruptcy trustees to take away the family home even if only one spouse goes bankrupt, regardless of who paid what for the property. Geoff McDonald, barrister and partner of Hall Chadwick Chartered Accountants ...

Daily economic update

The US Federal Open Market Committee (FOMC) began its two-day meeting last night - the first meeting under the chairmanship of Ben Bernanke. There is almost a unanimous expectation that the Federal Reserve will raise interest rates by 25 basis points ...