District of Columbia Attorney General Karl Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and illegally charging upfront fees before providing the service. Racine found evidence of the company charging fees of…
The epidemic of student debt has led to any number of bogus debt relief schemes. The Federal Trade Commission (FTC) and the state of Florida last week took action against two allegedly phony student debt relief schemes, and defendants in a similar FTC action filed earlier this year have agreed to get into another line of…
New 90-day moratorium for failing businesses will seriously impact creditors, CICM warns The move to a new model similar to Chapter 11 for UK businesses heading towards insolvency could have serious consequences for creditors, cashflow and thousands of small businesses within the supply chain. And while new Government proposals do not seek to…