Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees had appealed against a ruling that the house belonged to his daughter, Aliyah Bent, who is now…
Former footballer Marcus Bent has won a second High Court fight over the ownership of a house. Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees…
Loans and other types of financing available to consumers generally fall into two main categories: secured debt and unsecured debt. The primary difference between the two is the presence or absence of collateral to protect the lender in case the borrower defaults. Key Takeaways Secured debts are those for which the borrower puts up some…
Inflation-adjusted interest rates are well above post global financial crisis lows, while medium-term growth remains weak. Persistently higher interest rates raise the cost of servicing debt, adding to fiscal pressures and posing risks to financial stability. Decisive and credible fiscal action that gradually brings global debt levels to more sustainable levels can help mitigate these…
New Jersey is wiping out $100 million in medical debt for about 50,000 of its residents, using federal pandemic relief funds Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: August 21, 2024 at 8:30 a.m. Read the original article here
November 21, 2023 Photo: depositphotos Amsterdam-based Qwic has become the second e-bike manufacturer to be declared bankrupt in four months. The company was listed in the insolvency register, a week after a court granted it extra time to pay its bills. Qwic did not respond to the news, but told customers in an e-mail last…
Gov. Phil Murphy said Tuesday he used leftover federal COVID-19 money in partnership with a charitable organization to eliminate $100 million in medical debt for an estimated 50,000 New Jerseyans. The move was made in conjunction with Undue Medical Debt, an organization created by former debt collection executives that goes around the country to buy…
Source Image: Getty In 2022, low- and middle-income countries spent a record US$443.5 billion on external public debt servicing, diverting funds from crucial sectors like health, education, and environmental conservation. Projections indicate a 10 percent increase in debt servicing expenses for all developing countries in 2023–24, with low-income countries facing nearly a 40 percent rise.…
Derby-based dance company Déda has entered voluntary insolvency Déda is entering voluntary insolvency, saying rising costs and a slow recovery in audience numbers since the pandemic have made it ’impossible’ to continue Support The Stage by registering or subscribing To continue reading this article you must be logged in. Register or login below to unlock…
The National Company Law Tribunal (NCLT), in an order delivered on July 16, admitted a plea filed by the Board of Control for Cricket in India (BCCI) to initiate a corporate insolvency resolution process for Think and Learn Pvt Ltd, the parent company of BYJU’S. “This Adjudicating Authority is of the considered opinion that there…