Insolvency Guardian Media Centre
MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving.
This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020.
Medical debt is increasing despite most of the U.S. population having some form of medical insurance. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank.
Read the original article here
Approximately 785,000 residents — one in ten adults in Los Angeles County — are burdened by medical debt, often forcing families to make impossible choices between healthcare and basic necessities. To address this growing crisis, the Los Angeles County Department of Public Health has launched the Los Angeles County Medical Debt Relief Program, which aims to erase the medical debt of thousands of Angelenos.
In its initial phase, the program will eliminate $500 million in medical debt, funded by a $5 million investment resulting from a motion introduced by Supervisors Janice Hahn and Holly Mitchell. This funding enables the county to purchase medical debt at a fraction of its original…
Read the original article here
Wayne County announced on Wednesday that it has eliminated $27 million in outstanding medical debt for more than 46,000 county residents.
Subscribe to the Detroit Evening Report on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.
The county started a partnership with a nonprofit called “Undue Medical Debt,” which acquires debt from medical providers — in this case an unnamed local hospital — for pennies on the dollar.
The county says it has invested $5 million from the indigent relief fund and the federal American Rescue Plan Act.
“Since we first announced this new program in March of this year, a program designed to wipe out more than $700 million in medical debt, I am extremely pleased to see the…
Read the original article here
Skynesher | E+ | Getty Images
When it comes to financial resolutions for 2025, there’s one goal that often lands on the top of the list — paying down debt, according to a new survey from Bankrate.
That’s as a majority of Americans — 89% — say they have a main financial goal for 2025, the November survey of almost 2,500 adults found.
While paying down debt came in as a top goal, with 21%, other items on Americans’ financial to-do lists include saving more for emergencies, with 12%; getting a higher paying job or additional source of income, 11%; budgeting and spending better, 10%; saving more for retirement and investing more money, each with 8%; saving for non-essential purchases, 6%; and buying a new home, 4%.
Those goals cap off a…
Read the original article here
A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis.
The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago.
Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events.
However, “a period of challenging market conditions” has been blamed for its struggles.
Graeme Beattie of Worrells was appointed administrator on Monday by the company directors.
He said rising operational costs, changing consumer behaviour, and reduced discretionary spending contributed to an unsustainable financial position.
“I am presently undertaking an urgent financial analysis of the…
Read the original article here
MacKenzie Scott gives rare third gift to medical debt relief group The Caledonian-Record
Read the original article here
Read the original article here
Chronicle of Philanthropy
MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving. This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020. Few organizations have received more than one gift from Scott. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank.
Read the original article here
During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year.
Data from the Insolvency Service reveals this includes:
- 55 creditors’ voluntary liquidations (CVLs)
- 54 compulsory liquidations
- 5 administrations
No company voluntary arrangements or receivership appointments were recorded.
Historically, compulsory liquidations were the dominant type of insolvency in Scotland. However, since April 2020, CVLs have consistently outnumbered compulsory liquidations.
Between 26 June 2020 and 30 November 2024, Scotland saw just two restructuring plans and no moratoriums.
The total insolvency rate in Scotland for the 12 months to November 2024 was 53.2 per…
Read the original article here
MacKenzie Scott gives rare third gift to medical debt relief group Morning Times
Read the original article here
MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving.
This week, Undue Medical Debt, formerly RIP Medical Debt, announced it had received a rare third gift — $50 million — from the billionaire philanthropist, signaling her satisfaction with the group’s efforts to purchase medical debt in bulk from hospitals and debt collectors. Scott has donated a total of $130 million to the organization since 2020.
Medical debt is increasing despite most of the U.S. population having some form of medical insurance. Nearly 100 million people are unable to pay their medical bills, according to Third Way, a left-leaning national think tank.
Overall, Americans owe about $220 billion in medical debt, with…
Read the original article here
LEE’S SUMMIT, Mo. (KCTV) – ‘Tis the season of giving, and a local organization is giving to help eliminate school lunch debt in two local elementary schools.
Representatives from Rogue Round Table stopped by with support for Hazel Grove and Underwood Elementary Schools in the Lee’s Summit School District Tuesday. They paid all outstanding school lunch debt for the schools.
“It’s a wonderful feeling to make this step, to actually get there and to know that we are impacting kids especially right before the holidays so that maybe we can reduce a little bit of stress,” said Vickie Miller, Executive Director of Rogue Round Table.
School lunch debt is a huge issue in the U.S. according to the Education Data Initiative:
- 68.8% of…