As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
For some small businesses, temporary will become permanent.
AP Photo/Elaine Thompson
Robert Earle, University of Zurich; Jung Park, International Institute for Management Development (IMD), and Karl Schmedders, International Institute for Management Development (IMD)
They stumble around, baying for assistance, hoping to drink the lifeblood of other companies’ financial aid.
The courts are sheltering in place too.
101cats/Getty Images
The bankruptcy system has always been difficult to navigate, especially for minorities and other vulnerable groups. The pandemic is making it a lot harder.
Thousands of Americans, including James Kretschmer, say they experienced sexual abuse as Boy Scouts.
AP Photo/David J. Phillip
While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of ‘get of jail free card,’ the reality of the legal procedure is more complicated.
Once-leading firms such as Chrysler, Citigroup, Dunlop and Nokia have one thing in common: they failed. While each case seems unique, research points to key processes that lead to corporate failures.
Purdue faces about 2,000 lawsuits related to the opioid crisis.
AP Photo/Toby Talbot
OxyContin maker Purdue has reportedly been mulling a bankruptcy filling, just as the first of around 2,000 lawsuits against it prepares to go to trial.
Tom Stewart fought to bring the sexual abuse that he endured as a Boy Scout to light.
AP Photo/Ted S. Warren
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
The ‘lucky’ ticket may not be so lucky after all.
Reuters/Brendan McDermid