By Daniel Connolly ( January 3, 2025, 4:56 PM EST) — Two people filed lawsuits this week against a California law firm, alleging that it had promised to fix their debt problems but instead took hundreds of dollars from their bank accounts each month and did nothing to help….
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While Biden administration withdrew student loan forgiveness plans, there is still debt relief available NBC Los Angeles
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IF getting out of debt is your new year resolution then we’ve compiled eight simple steps to help you.
About 4million people relied on credit to pay for Christmas, according to debt charity StepChange.
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Half of borrowers will take more than six months to repay it.
“Christmas can be hard on our finances, and the pressure to spend big on gifts, food and festivities can often bring money worries and debt problems in the new year,” says Simon Trevethick, from StepChange.
The charity often sees a spike in people asking for help with their debt once the Christmas trees are packed away and the first credit card bill of the season arrives.
Laura Whateley explains how to…
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By Daniel Connolly ( January 3, 2025, 4:56 PM EST) — Two people filed lawsuits this week against a California law firm, alleging that it had promised to fix their debt problems but instead took hundreds of dollars from their bank accounts each month and did nothing to help….
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert…
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Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary TipRanks
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Volocopter, a German flying taxi startup, faces insolvency just days after investors stepped in to rescue its competitor, Lilium. The company has developed electric vertical takeoff and landing (eVTOL) aircraft to provide an eco-friendly alternative to traditional urban commuting. However, Volocopter is now struggling with severe financial difficulties.
The announcement highlights the challenges that companies in this industry face, including substantial funding requirements for research and development, regulatory approvals, and scaling up production capabilities. Lilium, Volocopter’s key competitor, recently received a significant financial lifeline from a group of private investors. This underscores the high stakes and competitive…
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Eurozone agrees short-term debt relief for Greece amid IMF row EURACTIV
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Eurozone puts Greek debt relief on hold in Christmas bonus row EURACTIV
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While the Biden administration withdrew its plans to forgive student loan debt for millions of people, borrowers should look into the many other existing debt cancellation opportunities, experts say.
The U.S. Department of Education posted notices in the Federal Register in December that it was pulling its wide-scale loan forgiveness plans. The Department cited “operational challenges,” and experts say political difficulties likely also played a role.
Republican-led states have filed lawsuits to stop nearly all of President Joe Biden’s previous efforts at eliminating education debt. Meanwhile, President-elect Donald Trump is a vocal critic of student loan forgiveness, and on the campaign trail called Biden’s attempts “vile” and “not…
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Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 IoT World Today
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Canoo Inc. (NASDAQ: GOEV), the electric vehicle (EV) startup that has faced mounting challenges since its inception, is now confronting one of its most significant crises yet.
Following employee furloughs, a halt in production, and the auctioning off of critical manufacturing equipment, the company is struggling to stay afloat.
These financial difficulties have severely impacted Canoo’s stock price, which has plummeted, further adding to the uncertainty surrounding the company’s future.
The Latest Challenges: Employee Furloughs and Production Halt
In late December 2024, Canoo made the difficult decision to furlough 82 employees and pause production at its manufacturing facility in Oklahoma.
The company cited the need to conserve…