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Former subsidiary declared bankrupt by court ruling

On March 9, Glodon News reported that Tianzhong Precision Machine (300461.SZ) announced the receipt of the Civil Ruling from the Intermediate People’s Court of Shenzhen City, Guangdong Province. The main content of the Civil Ruling is as follows: “This court believes that Youfu Company is unable to repay its due debts, its assets are insufficient…

Money Saving Monday: Spokane households average $12,000 in credit card debt | News

SPOKANE, Wash. — Spokane residents are grappling with significant credit card debt as Americans collectively carry $1.2 trillion in unpaid balances. The average Spokane household owes around $12,000 in credit card debt, according to Numerica Credit Union data. Financial experts say addressing debt starts with changing spending habits and eliminating reliance on credit cards. “It’s…