My husband and I, who are retired, have accumulated about $7,000 in credit card debt over the past few years and need some help paying it off. What can you tell us?
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Though gambling exists in every state, even Hawaii and Utah, where gambling is prohibited by law, not all gambling is the same.
For some, gambling is more than a hobby, it is an addiction, and the problem is much bigger in some states than others.
“Recreational” or “social” gamblers buy the occasional lottery ticket, take the rare casino trip or bet small stakes in fantasy sports. But they also are mentally able to quit at any point and prevent catastrophic financial loss.
But when the business or pleasure gets out of control, gambling becomes a real medical condition, and WalletHub recently researched where in the U.S. the problem is most prevalent.
What is gambling disorder?
Gambling disorder, as it’s known, affects about 1 to…
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Pop-up events aim to boost benefit take-up and provide vital debt support to help the public deal with rising costs.
Renfrewshire Council is supporting residents through a series of pop-up advice events across the area.
The Advice Works team will be visiting libraries and community centres throughout May and early June to offer free, confidential advice on money, debt, and benefits. Drop-in sessions are open to everyone and will help ensure people are getting all the support they’re entitled to.
Advisors will be on hand to answer any questions people may have about benefits, including whether they qualify and how to apply.
They can provide advice on accessing support such as Housing Benefit, Universal…
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The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
Immanuel Ebenezer, Deputy Minister of Manpower, accused the issuance of the Minister of Trade Regulation (Permendag) No. 8/2024 as the main cause of the collapse of these textile companies.
The 2024 Trade Minister regulation, which is about import policies and regulations, is the fourth revision of the same regulation.
Heru Widianto, Director of Institutions and Prevention of Industrial Relations Disputes at the Ministry of Manpower, said that the revision of…
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Bankrupt landlord received £25,000 Covid loan despite pub closing six months before pandemic AOL.com
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Summary
- Duncan Ferguson was declared bankrupt in 2016.
- The former Everton and Newcastle United striker earned £30,000 p/w during his peak.
- Ferguson spoke openly about the heartbreaking ordeals he went through after being declared bankrupt.
There are very few men in Premier League history as infamous as Scottish target man Duncan Ferguson. The former Newcastle and Everton striker was revered as…
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Tackling Liquidity and Debt Challenges in Developing Countries: Key takeaways from the Global Sovereign Debt Roundtable International Institute for Sustainable Development
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Our Plan for a Sustainable Budget Liberal Party of Australia
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Occupational pension schemes often constitute a significant part of liabilities in the event of the employer’s insolvency and therefore play a fundamental role in insolvency proceedings for all involved stakeholders (insolvency administrator, employer/insolvent debtor, pension beneficiaries, the German Pension Protection Funds (“PSV”), investors in the event of continuation of companies’ business after closing of insolvency procedure. In practice, challenges arise in relation to occupational pension schemes operated by way of direct commitments that are fully or at least partially financed by the (now insolvent) employer and funds held in a contractual trust agreement (CTA). On the one hand, an insolvency administrator, the…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Baurn Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that in a joint application filed by operational creditors under Section 9 of the Insolvency and Bankruptcy Code, 2016 (the Code), the threshold limit prescribed under Section 4 must be independently satisfied by each operational creditor. The collective or aggregate debt of all operational creditors cannot be clubbed to meet the minimum threshold requirement for initiating the Corporate Insolvency Resolution Process (CIRP).
Brief Facts:
Appellants were appointed with different designations by the Company – M/s Desein Private…
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The Supreme Court of India has rejected JSW Steel’s much-publicized resolution plan for Bhushan Power and Steel Limited (BPSL), ordering the liquidation of the debt-ridden company. This verdict, delivered by a bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma, comes four years after JSW Steel completed its acquisition of BPSL under the Insolvency and Bankruptcy Code (IBC). The court’s decision is a major blow to JSW Steel, which is led by Sajjan Jindal. The company had hoped that the acquisition would increase its operational capacity and strengthen its position in eastern India.
The Supreme Court found that the resolution plan, valued at ₹19,700 crore, was “illegal” and in direct violation of the IBC…