Approximately 1,800 employees in Germany are affected. The Local Court of Wuppertal appointed Joachim Exner, attorney from the law firm Dr. Beck und Partner, as the provisional insolvency administrator for all insolvent…
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Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Underscoring the massive scale of America’s medical debt problem, a nonprofit has struck a deal to pay off old medical bills for an estimated 20 million people.
New York-based Undue Medical Debt, which buys patient debt, is paying off $30 billion worth of unpaid bills in a single transaction with Pendrick Capital Partners, a Virginia-based debt trading company. The average patient debt being retired is $1,100, according to Undue Medical Debt, with some reaching the hundreds of thousands of dollars.
The deal will prevent the debt being sold and protect millions of people nationwide from being targeted by…
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Rite Aid Mulls Filing for Bankruptcy If It Misses Debt Targets Bloomberg
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Ansal Properties Reports Q3 Financials Amidst Insolvency Proceedings TipRanks
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Ansal Properties Releases Q3 Financial Results Amid Insolvency Proceedings TipRanks
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More Ohio Millennials seeking debt relief Cleveland 19 News
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How Abengoa Group impacted the Spanish economy EY
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CLEVELAND, Ohio (WOIO) -Organizations that help people dig out of debt say nearly half of the clients they’re helping now are millennials, who have double the budget deficits they used to face, and are using credit cards to make up the difference.
People like Gene Florian knew he needed to seek help.
He said he lived for the moment, spending freely and care free using multiple credit cards.
“The minimum payments will come and I’m like, ‘Oh I can afford these, you know, tacking on another few hundred here a few hundred here,‘” he said.
Florian saw those minimum payments started to climb twenty and thirty percent.
“I had a good job so I was able to keep on getting credit cards for a while there so it was going good,” he said.
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Corporate Insolvency and Governance Act 2021- One year on Ashurst
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Limavady business Taggart Homes will continue to trade during the process
Current director Nicolas Taggart (left) and father Michael, who was a former director
A building company once owned by two of Ireland’s richest men has commenced insolvency proceedings after racking up debts of more than £3.4m.
Taggart Homes, in Limavady, Co Londonderry, continues to trade while the restructuring process take place.
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The automotive supplier WKW.group has filed for insolvency for the majority of its operating German companies.
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Federal Treasurer Jim Chalmers has called on Australia’s regulators to help make it easier for Australians with student debt to take out a mortgage and buy a home.
In a statement released on Wednesday (12 February), Chalmers confirmed he had instructed both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) to update their guidance regarding the way Higher Education Loan Program (HELP) debts are treated by lenders.
Currently, responsible lending rules require lenders to assess student debt in the same way as they would any other debt, such as credit card debt or a personal loan.
This is despite the student debt not needing to be repaid if the holder is unemployed or…
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Debt forgiveness programs can help consumers in debt work toward regaining their financial freedom by potentially reducing what they owe on unsecured loans or credit cards. Debt relief companies offer these programs to help qualifying borrowers gain control over their debt through a variety of methods, including negotiating the amount the borrower owes, bringing the borrower’s multiple accounts under one payment and…