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Showing 231 - 240 of 254 results for "Bankrupt"

Young business owners to shun 'bricks and mortar' lending

... problems. The Australian Bureau of Statistics has found that some 4,440 small to medium enterprises (SMEs) were declared bankrupt in 2000-2001, nearly 600 of which blamed lack of capital as the cause. "In order for Australian businesses to maintain a ...

East beats west in optimism survey: Grant Thornton

According to a global business owners survey, Australians are ranked seventh 'most optimistic' about the 2006 economy, with India and China topping the league tables while the US and the UK sit further down the ranks. The 2006 Grant Thornton International ...

City slickers to face higher bankruptcy rates: ITSA

The latest statistics from Insolvency and Trustee Services Australia (ITSA) paint a dire picture of the incidence of bankruptcies in the eastern states, brought on by rising petrol and household living costs. According to ITSA, bankcruptcies in the ...

Pension funds killing GM

Pension fund and health care costs for General Motors (GM) in the US add $A5,000 to the cost of each car, almost sealing the fate of the giant car maker. After earlier reports by Financial Standard that the pension fund burden for GM is one of the factors ...

Australia exports financial literacy

Australia's Financial Literacy Program has become an exporter with Korea eyeing the program to help curb out-of-control Korean credit card debts. Personal bankruptcy and overuse of credit cards has long been a social problem in Korea. But educators ...

Market Wrap

AAP  |  TUESDAY, 11 OCT 2005
SYDNEY - the Australian share market is expected to open weaker today as a poor performance from US markets and a benign day on commodities suggests some profit taking could emerge. The US market was restricted by the Columbus Day holiday and as a result ...

ASIC bans accountant for good

... authority had serious concerns over his ability to comply with financial service laws in the future. Osborne was declared bankrupt after a creditor's petition in 2003 and due to the fact he couldn't manage his own finances competently, ASIC felt there ...

Citigroup, Bank of America post higher profits

AAP  |  FRIDAY, 15 OCT 2004
Citigroup Inc and Bank of America Corp on Thursday posted double-digit gains in third-quarter profit, driven by gains in consumer banking. Profit at Citigroup, the world's largest financial services company, rose 13 percent to $5.31 billion, while profit ...

Elliott appeal dismissed

AAP  |  THURSDAY, 8 APR 2004
A Victorian court has dismissed businessman John Elliott's appeal against a Supreme Court judgment banning him from acting as a company director. The ban was imposed last year for four years and Elliott ordered to pay a share of almost $1.43 million ...

Convicted director brought before Court on new charges

... alleges that between September 2001 and January 2003, Charles Northam managed RFI Industries whilst being an undischarged bankrupt, and after having been previously convicted of an offence under the Corporations Act. The Court has adjourned the matter ...