The Supreme Court on Friday agreed to hear two related cases that could help Puerto Rico restructure some of its debt under the Recovery Act, a local law that a coalition of creditors has said is preempted by federal bankruptcy law. An appeals court in July agreed with the creditors and ruled that Chapter 9 of…
By Noah Ramirez – Wednesday, December 9, 2015 We are sorry. You have no more credits available 🙁 0/ News Your current credit balance is: You have days left until your credit is updated. As part of the COP21 climate talks in Paris, UN regional organization Eclac has proposed debt relief to help the English-speaking…
Republicans in the U.S. Congress proposed their first measures to help Puerto Rico as it swiftly runs out of cash, responding to pleas from the islands government and the Obama administration. Senate committee chairs including Orrin Hatch, the head of the finance panel, filed a bill Wednesday to direct up to $3 billion to Puerto…
If you’re drowning in debt, mortgages, car loans, student loans and credit card bills are enough to make you feel like you’ll never get your head above water … and you’re not alone. American consumers are around $11.91 trillion in debt. TRILLION. Managing credit cards isn’t easy. You might think you owe only a small amount on one…
The proposed acquisition forms part of a significant restructuring at Cell C, which will result in the company’s debt being reduced by more than half and all employees being given a stake in the business. Blue Label intends using a mix of cash and new debt to pay for the stake. Although the R4-billion injection…
National Debt Relief recently shared in an article published November 27, 2015 some of the ways consumers can retain their freedom from debt after hurdling all their financial obligations. The article titled “Get-Out-Of-Debt Habits You Should Retain After Debt Freedom” looks at financial habits consumers need to have to prevent falling back into debt. Dallas,…
MUMBAI: A number of infrastructure companies, including some major private players, are looking to sell masala bonds, as they seek to reduce the risks associated with external commercial borrowings by moving to this rupee-denominated overseas debt that also comes with easier conditions. As much as $6 billion (about Rs 40,000 crore) could be raised through…