June 26, 2024 By Atul Bhatia, CFA U.S. government debt has been rising rapidly since the global financial crisis, but broader measures of borrowing across the economy have remained relatively stable and on par with other developed economies. U.S. fiscal policy is likely already unsustainable, with politically sensitive programs costing more than current taxes generate.…
This July may be a good time to start working toward debt relief. Getty Images As June comes to a close and July draws near, you may be considering ways to improve your finances. That’s especially true if you’re dealing with high interest debts like credit cards and personal loans. After all, the federal funds…
LEADER of the Progressive Democratic Patriots (PDP) and former president of the Public Services Association (PSA) Watson Duke is facing bankruptcy, according to his attorneys. And if Duke is declared bankrupt then he may not be able to contest next year’s general election, they said. Duke’s financial difficulties follow his retirement from the Public Services…
Byjus on Wednesday informed the National Company Law Tribunal that it has reached a settlement with France’s Teleperformance Business Services, one of the operational creditors of the beleaguered edtech firm. Following this, Teleperformance has withdrawn its insolvency petition filed against Byju’s, a counsel aware of the matter said on condition of anonymity. A bench led…
A leading organisation that delivers debt help and advise for those seeking a Debt Relief Order (DRO) says the increase in value of used cars has proven to be a real stumbling block for those seeking this kind of insolvency. A DRO is just one of three recognised types of personal insolvency in England and…
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
Disgraced Victoria mortgage broker Greg Martel will not be released from the debts that have been mounting around him. B.C. Supreme Court has adjourned Martels bankruptcy discharge hearing, which means he will remain an undischarged bankrupt and his debts of more than $300 million will remain intact. In making the ruling, the court cited the…
Normal text sizeLarger text sizeVery large text size They were the husband and wife team with an army of loyal fans of their online grocery delivery platform, but now Delish Deliveries customers say they feel misled and are owed money after the family company collapsed. Jaeger and Claire Richmond launched the Sydney-based business in 2009…
International bus and coach manufacturing giant Van Hool is hoping for a rapid restart after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…