Insolvency Guardian Media Centre
Farm debt mediation is not just a box ticking exercise for the bank or lender when a farming business gets into financial trouble.
It’s an opportunity to discuss the issues with the farm owner and hear their side of the story.
It brings a human element to a process that can be stressful for the farmer, Tavendale + Partners lawyer Matt Davidson told a rural dispute resolution day at Ruakura in Hamilton.
It is sometimes the first time sitting face to face with the person making the decisions in the bank.
“They have the chance to explain, this is my family, this is what this means to me – and that can be really powerful in that process.”
For farmers, it is an all-encompassing moment…
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Vinyl Me, Please — the Denver, CO-based record club company founded in 2012 — has announced its liquidation, Pitchfork reports.
The announcement comes months after complaints from customers that they had been ghosted by the company, as well as that orders were no longer being fulfilled and returns were no longer being processed. Those outstanding orders (including annual subscription fees) will now be in the hands of Vinyl Liquidators LLC, the third party that has taken charge of Vinyl Me, Please’s assets as part of an Assignment for the Benefit of Creditors (ABC).
According to a notice viewed by Pitchfork, the creditors must file their claims before October 1, and any proceeds from the liquidation will be distributed to the…
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05 May, 2025
Orange County, FL – Through its partnership with Undue Medical Debt, medical debt totaling more than $472.5 million has been eliminated for over 310,000 Orange County residents. This debt relief includes accounts acquired from both local hospital systems and third-party debt collection agencies.
On August 13, 2024, the Orange County Board of County Commissioners approved a $4.5 million contract with Undue Medical Debt, a nationally recognized nonprofit. This investment, funded through the County’s allocation of the American Rescue Plan Act of 2021, allows Undue Medical Debt to analyze and purchase qualifying medical debt at a…
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Construction business insolvencies have risen to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse.
As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate filings found, an increase of more than five per cent compared to last year and a near-doubling compared to typical pre-pandemic levels.
The latest data published by the Insolvency Service showed the sector continued to be the hardest-hit for insolvencies, accounting for 19.5% of all UK company failure in February, a jump of around three percentage points compared to last year and the highest…
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WASHINGTON — A federal judge has ordered a now-defunct debt relief provider to pay roughly $43 million in restitution over a case brought by the Consumer Financial Protection Bureau, alleging that the firm deceived student borrowers.
The CFPB originally filed the lawsuit in 2020 against FDATR, Inc., and its owners Dean Tucci and Kenneth Wayne Halverson. Halverston has since passed away. The bureau said in the lawsuit that FDATR, Tucci and Halverson violated the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010, alleging that the company misrepresented its debt relief and credit repair services to consumers with student loans.
U.S. District Judge Georgia N. Alexakis ordered that Tucci must pay $2.1…
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Hello, my name is Nikodem and i’am currently in terrible spot in life thanks to my late Father. My dad was a prominent figure in illegal part of activities throughout my entire life, spent many years in prison and was mostly absent from my life except some interactions when he wasn’t in jail. He passed away in July 2022. What he never told me is that he had a huge debt due to his illegal busineses and loans he took which fell upon me after he died as i was the only eligible inheritor. I got to know about all this around 1 month ago when i was presented with vindication order of the debt that is now under my name. I’ve lost my car, all my savings towards house mortgage input from my savings account and until i pay off the debt, I am…
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IC places pre-need company Caritas Financial Plans under liquidation BusinessWorld Online
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May 5, 2025
Video available at: https://www.youtube.com/watch?v=O744adCbXZ0
First Unveiled in 2025 State of the City Address, Initiative Will Help City Employees and Qualifying Family Members Enroll in Federal Public Service Loan Forgiveness Program and Income-Driven Repayment Plans for Free
ACS, DSS, and NYCHA Will Be First Agencies in Pilot Program Starting Today, Full Program to Roll Out for All City Employees Starting in September
Announcement Follows Mayor Adams’ “Best Budget Ever,” Which Invests in Affordability, Public Safety, and Quality-of-Life Issues New Yorkers Care Most About
New York – New York City Mayor Eric Adams, New York City Department of Consumer and…
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Lion Electric will very likely be liquidated following the Quebec government’s refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker.
Jean-François Nadon, a restructuring specialist with Deloitte, said in a Superior Court hearing on Monday that government aid would have been a condition of any sale of the struggling company.
With that possibility off the table, he said, it’s unlikely any buyer will step forward with a plan to relaunch the St-Jérôme, Que.-based manufacturer, which sought protection from its creditors in December.
“The likelihood of a liquidation of assets is very high,” he said.
Nadon said the government’s recent announcement that it would not inject any more…
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Transform your salary into a solution for debt relief IOL
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Financial challenges can strike anyone, regardless of income level, and that’s especially true in the current high-rate landscape. After all, today’s average credit card interest rates are hovering around 22% but are even higher for many borrowers, which makes it easy to find yourself trapped by rising card balances. And, if you’re only able to afford the minimum payments on your credit cards, you’re…
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Pope’s death, US aid cuts complicate Vatican’s debt relief push The Financial Express | First Financial Daily of Bangladesh