Vt. treasurer touts medical debt relief plan WCAX
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BURLINGTON, Vt. (WCAX) – Happening on Thursday, Vermont’s Treasurer is announcing a plan to get rid of your medical debt.
Treasurer Mike Pieciak wants to help low and moderate-income Vermonters – and the plan wouldn’t require any new spending.
It would eliminate $100 million in medical debt with a million-dollar investment.
He’ll be joined by Rhode Island’s treasurer who says their medical debt relief plan has already eliminated $7 million of resident’s medical debt.
The virtual policy forum starts at 11:30.
Copyright 2025 WCAX. All rights reserved.
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The FCA has banned David Robert Cooke from carrying out any regulated activity after receiving a police caution for insurance fraud that led to the collapse of a client.
Cooke, who had been a director at Weston-super-Mare-based broker Professional Construction Risks, setup a public liability policy for a client on 19 October 2019, knowing that the funds would not be passed onto the insurer.
And when the client tried to make a claim in 2020, they discovered that they were not insured, causing the company to enter liquidation.
The FCA said Cooke later admitted that he committed fraud in that he dishonestly made a false representation, with him receiving a caution from police on 28 February 2023.
Now, the regulator has decided to…
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In the quarterly newsletter report, the Insolvency Bankruptcy Board of India (IBBI) has observed a consistent upward trend in resolutions and a significant downward shift in the number of liquidations, starting from 2020-21. “Over the years, more and more companies are being resolved under IBC and the number of liquidations is going down,” the report observed that the ratio of liquidations to resolutions is also on a downward trend.
The Insolvency and Bankruptcy Code, 2016 suggests liquidation to be the last resort for the distressed companies after all attempts to resolve the company fail. The report observed that there is a visible trend reversal…
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REMEX Liquidation Expands Overstock & Returns Liquidation Solutions for eCommerce Sellers The Malaysian Reserve
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Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a Legal 500 leading individual for corporate governance, Browne joins from A&O Shearman.
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The Competition Commission of India on Tuesday cleared JSW Energy‘s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is currently undergoing CIRP initiated under the Insolvency and Bankruptcy Code, 2016), by JSWEL (through JSW Thermal),” the regulator said in a release.
JSW Energy Ltd (JSWEL), a listed company, through its subsidiaries is engaged in power generation, power transmission, power trading, coal mining, and power equipment manufacturing.
Incorporated in 2009, KSK Mahanadi Power Company Ltd (KMPCL) owns a 3,600 MW thermal power plant located in…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) that Resolution Plan approved by the Adjudicating Authority cannot be questioned by the Operational Creditors when they were provided more than the liquidation value under the Plan as per section 30(2) of the Insolvency and Bankruptcy Code, 2016 (Code).
Brief Facts:
On 07.12.2022, the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor was initiated and an Interim Resolution Professional (IRP) was appointed.
On 05.06.2023, the CIRP period of 180 days had expired. The Resolution Professional (“RP” in short) filed…
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Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.
Disclaimer: This is an AI-generated live…
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SpiceJet is facing new insolvency claims from three Irish aircraft leasing companies and a former pilot. The parties alleged the airline of defaulting on rent and employment payments, adding to the financial strain as it attempts to resume operations. Three Irish lessors, NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd, have alleged that SpiceJet failed to make rental payments, with the total amount owed standing at $12.4 million.
The case was bought to the National Company Law Tribunal (NCLT) after the lessors sent a legal notice to SpiceJet in December, alleging that the airline had stolen aircraft parts, including engines, from five Boeing 737 freighter planes that were leased to them.
Furthermore,…
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A gun manufacturer, known for its high-end rifles and military-style firearms, has filed for bankruptcy.
Just over two years since its launch, Watchtower Firearms, the Texas-based manufacturer, filed for Chapter 11 bankruptcy at the end of last month.
Watchtower, which set up shop in 2022, made a name for itself by catering to civilian, military, and law enforcement markets.
Last year, it acquired another manufacturer, F-1 Firearms, as it attempted to expand.
F-1 Firearms received a…
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An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court.
Ally Fashion was also forced to axe 250 staff members after the company collapsed.
The fashion retailer, which was founded in 2001, had 160 stores across Australia and an online shop before its downfall.
The Federal Court of Australia chose Jeff Marsden and Duncan Clubb of BDO Australia as liquidators on February 28.
The brand was forced into liquidation due to outstanding rent and liquidators assessed the…
