FLINT, Mich. (WNEM) – The Flint City Council, in a rare display of unity, approved a proposal aimed at wiping out millions in medical debt for thousands.

The council voted on the proposal at a meeting on Wednesday, Jan. 8.

According to Undue Medical Debt, the group behind the measure, $50,000 in American Rescue Plan Act (ARPA) money from Flint will activate state funds that could eliminate up to $32 million in medical debt in the city.

Related: Flint City Council to consider proposal to clear medical debt

The money will go toward hospital debt, a point brought up by 8th Ward Councilman Dennis Pfeiffer, in an exchange with a supporter of the proposal.

“I just want to be clear for the public: If you owe money to your doctor, your…

At the time of liquidation, the business had four shareholders, Mandy and Antony Lusk, Eugene Gibson, and Danny Phipps.

The business is in arrears with its landlord and the Inland Revenue Department.

There are 63 businesses listed as known creditors, including many suppliers of the restaurant.

Creditors include Spark, Mercury Energy, Nova Energy, and ANZ. Twenty individuals are also listed as known creditors.

Vivace’s total assets and liabilities are redacted as Francis and Whimp “are unable, at this stage, to verify the accuracy of the data”, meaning the financial position of the restaurant remains unknown.

The new year has not got off to a great start for Australia’s craft brewing industry, with the news that South East Brewing Company, trading as Kaiju! Beer, has appointed DBA Reconstruction and Advisory as voluntary administrators to assist in a financial restructuring of the business. 

The company will continue operating as usual during this process, with no disruption to production or distribution. Employees, customers, and suppliers can expect operations to continue without interruption. 

A statement about the voluntary administration said: “This decision was made by the directors, Callum, Nat and Leigh Reeves, after considering options to address the financial challenges stemming from an accumulation of debt. The…

• Reduced Total Outstanding Debt by $12.6 Million
• Lowered Interest Rates and Extended Maturities
• Achieved Approximately $2.8 Million in Annual Interest Savings

LAS VEGAS, Jan. 08, 2025 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ) today announced it successfully completed the refinancing of its outstanding debt, including (i) closing a five-year $45 million secured term loan due 2030 (the “New Term Loan”); and (ii) a $2 million secured revolving credit facility due 2030 which was undrawn at closing (the “New Revolver” and together with the New Term Loan, the “New Credit Facilities”). The New Credit Facilities have an initial interest rate of SOFR plus 3.50%.

“The refinancing of our outstanding debt significantly strengthens our…

At the 29th UN Climate Change Conference (COP 29), developed nations agreed to increase financial support for developing countries by committing to mobilize USD 300 billion annually by 2035 to support climate action in the Global South. The total financing needs of emerging markets and developing economies (EMDE) go beyond this goal: USD 700 billion per year until 2030 to preserve global biodiversity, and an extra USD 3.9 to 4.3 trillion per year needed to meet the Sustainable Development Goals (SDGs).

The sums needed are even bigger for these countries to fund a green, inclusive economic transformation and move up the value chain.

These estimates highlight the urgent need for sustainable financing to address the pressing…

(InvestigateTV) — Bankrate found the average credit card interest rate today is 20.27%, making it very expensive to carry credit card debt.

Sara Rathner with NerdWallet said those carrying a lot of credit card debt may want to consider debt consolidation.

She said those with good credit could qualify for a balance transfer card. This would allow them to move debt to a card with no interest for a period of time.

There are two things consumers need to understand about the balance transfer process, Rathner said.

“One is that you’ll owe typically a balance transfer fee three to five percent of the balance you transfer so you’ll want to keep that in mind,” she explained. “And the other thing is, once that no interest promotion period…

The Arlington County Board’s newest member is asking supporters for assistance in paying off remaining campaign debt.

JD Spain, Sr., who took out $32,000 in loans a few weeks before the Democratic primary in June, emailed supporters on Dec. 30 asking them to contribute to a “final push” for funding. As of the end of December, Spain told ARLnow, he had paid off 85% of campaign loans.

Spain, who captured 58% of the vote in the general election after winning the ranked-choice Democratic primary with 55% of votes, spent significantly more in 2024 than in his unsuccessful County Board campaign in 2023. He turned in receipts for $187,905 in the most recent race, compared to $103,023 in the one before it.

While not all candidates take…

A new federal rule is set to remove medical debt from consumer credit reports. Here’s how it could impact you and when it’s taking place.

Seer Medical cofounders in happier times [from L to R]: Professor Mark Cook, Dr Dean Freestone, and George Kenley.

A medtech tech company named Victorian Startup of the Year in 2022 and backed by Breakthrough Victoria has entered voluntary administration with a “potential sale or large-scale restructure” on the cards.

Pitcher Partners’ Lindsay Bainbridge and Andrew Yeo have been appointed administrators of Seer Medical, a Melbourne-based medtech startup that has developed in-home epilepsy diagnostic technology.

It comes after the company recalled its Seer Home systems last year, leading to the closure of 18 of its clinics in Australia, where individuals were fitted with the technology before taking it…