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Credit card debt has never been more crippling. With interest rates now hovering near 23%, cardholders are seeing their balances grow at record speed. The average American has over $8,000 in credit card debt — and the daily compound interest makes each month’s bills and minimum payments harder to handle.
But even in this high-rate environment, you have options to reduce interest charges. Smart strategies such as getting the right balance transfer card or debt consolidation loan can put you back in control of your finances.
We consulted financial…
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The holidays are over and now it’s time to tackle your daunting debt. Credit card debt is the highest form of debt and right now, Americans carry an average credit card balance of $6,300. If you are looking to shed the debt in 2025, it’s important to understand the relief options available.
That’s what one Valley business owner decided to do when he was faced with his debt problems.
When Greg Lutz was offered the opportunity to purchase his small murder mystery theater, he was thrilled.
“Well, it’s Murder Ink Productions — that I-N-K because we write all our murder mysteries. We’ve been around since 1989,” said Lutz.
Lutz started out as a writer and actor for the company. Lutz said he told the owners that when they were…
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How debt helps and harms capitalism Socialist Worker
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VANCOUVER, British Columbia, Jan. 10, 2025 (GLOBE NEWSWIRE) — British Columbia Discovery Fund Inc., (formerly British Columbia Discovery Fund (VCC) Inc.) (the “Fund”), by MNP Ltd. (formerly The Bowra Group Inc.) in its capacity as liquidator of the Fund (the “Liquidator”), provides the following update as to the liquidation proceedings of the Fund.
Pricing Net Asset Value per Class A Common Share is $0.11 as at December 31, 2024 compared to $0.19 as at August 30,…
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(Reuters) – China’s Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.
The court has set the first hearing for the petition on March 19, 2025.
This is the second case of such petitions against Chinese property developers in the last two days. On Thursday, a petition was filed against embattled property developer Sunac China to wind down by asset manager China Cinda Asset Management.
Several property developers, including China Evergrande and Country Garden, have faced or are currently facing liquidation cases in Hong Kong since the…
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£6.2m owed to HMRC by 10 insolvent companies Accountancy Daily
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Shankara Building Products, a small-cap player in the construction materials sector, has recently received an upgraded stock call to ‘Hold’ from MarketsMOJO as of January 10,…
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In January, 1986 Dayton bookie Richard “The Skin Man” Skinner secretly recorded a conversation with Cincinnati Reds legend Pete Rose about Rose’s gambling debt to Skinner.
Dayton Daily News reporter Wes Hills obtained the recording in 2002 from U.S. District Court in Dayton after it was seized during a raid of Skinner’s home several years earlier. The Dayton Daily News reported on the tape at the time, and now has made an edited version available online.
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Since the 2018 U.S. Supreme Court ruling that legalized sports betting nationwide, the pastime has taken the U.S. by storm, driving the rapid expansion of online and in-person sportsbooks and fueling the growth of a burgeoning industry.
Billions of dollars are being wagered annually, reshaping how people spend, save, and invest—though not always for the better. While states benefit from the new revenue streams, the social and financial costs of gambling are mounting. From dwindling savings to rising debt and bankruptcy rates, its impact is becoming increasingly apparent.
Key Takeaways
- On average, households spend $1,100 a year on sports betting while cutting back on investments and oftentimes spending more on cable TV and other…
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Cronx, the award-winning craft beer brewery based in an industrial unit in New Addington which had its own bar on Croydon High Street, has gone out of business.


Gone flat: Cronx Brewery has closed with debts of more than £140,000
The decision was taken at a formal meeting of the company’s board, including Cronx co-founder Mark Russell, that was held in November. The Cronx Tap, their High Street pub, had called last orders for a final time two months earlier.
The company, with an address off Vulcan Way, is now going through the process of voluntary liquidation, with appointed liquidators selling off any assets to pay off its debts.
The company website, from where they offered online sales, has been taken offline, its phones cut…
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A liquidator has been appointed to Devondale Limited, a construction company owned by the property developers Brian and Anthony Durkan. A special resolution was filed with the Companies Registration Office on January 2 recommending the winding up of the company as it “cannot by reason of its liabilities continue its business”. Insolvency practitioner Kieron Hayes of the accountancy firm Hayes & Co has now been appointed liquidator of the company. This liquidation doesn’t affect other Durkan-controlled companies. Devondale was a significant borrower from the Irish Nationwide Building Society (INBS) during the Celtic Tiger years. In 2012, it posted accumulated losses…
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Star on the ropes, top investor Bruce Mathieson warns The Australian
























