Insolvency Guardian Media Centre
Today, the Fall 2024 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s 2024 Fall Economic Statement.
In September and October 2024, officials from the Department of Finance and the Bank of Canada consulted with government securities distributors, institutional investors and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2025–26.
Comments received during these consultations will be taken into consideration as the debt management strategy is adjusted in the future.
The Bank of Canada and the Department of Finance thank all parties for the comments they provided during the…
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Twenty-three thousand Connecticut residents will get a Christmas gift from the state this year.
They’ll receive letters telling them that some or all their medical debts have been erased.
Gov. Ned Lamont said at a press briefing in Hartford on Monday that the state has partnered with the national nonprofit Undue Medical Debt to pay off $30 million in medical debts.
“Making sure that when you come out of the hospital, you don’t have another burden on your shoulders,” Lamont said,
He said the state invested $100,000 from its American Rescue Plan Act money to enable the nonprofit to leverage the debt relief in the first round of the arrangement.
“Everybody says that’s pennies on the dollar. If…
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Speaking on a recent episode of The Lawyers Weekly Show, Maria O’Brien, a partner specialising in restructuring and insolvency at Clayton Utz, discussed the dramatic rise in corporate insolvency in Australia this year. She also delved into the various interconnected factors that have contributed to corporate insolvency “really taking off this year”.
O’Brien indicated that the corporate insolvency figures for 2024 are on track to potentially “exceed” the peak levels experienced during the global financial crisis and have gone “well above” the numbers recorded pre-COVID-19.
She said: “That is notable, and that’s been slow in that, obviously, at the time of COVID, everyone had to have a good hard look at what they…
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National, local companies are creditors of Rotorua housing project New Zealand Herald
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When Caney Creek rose during deadly flooding in 2022, Alice Lloyd College in Knott County was largely spared from significant damage. But further downstream, an aging wastewater treatment plant that services the campus was inundated.
Motors burned out, electrical panels were damaged and silt clogged the treatment basin. After using a $2 million loan from a local bank, federal relief funding and money the utility set aside for repairs to get it operational, Knott County Water and Sewer District CEO Jared Salmons still worries about how long the 1960s-era plant can last. It can’t handle more sewage, a limitation for Alice Lloyd College, which Salmons sees as an economic “bright spot” for the…
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‘Game changer’ for millions of Aussies The Australian
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Sri Lanka: Debt Management Reform Plan International Monetary Fund
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Elon Musk says, Bill Gates, one of the world’s richest people, could go bankrupt if this happens The Economic Times
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Elon Musk, the CEO of Tesla, is known for making headlines with his social media statements. In a recent post on X, Musk made a bold claim, stating that if Tesla becomes the world’s most valuable company, even billionaire Bill Gates, co-founder of Microsoft, could potentially go bankrupt. The statement has reignited the long-standing feud between Musk and Gates. The conflict dates back to 2022 when Gates allegedly suffered a significant loss of $1.5 billion due to his short position on Tesla’s stock.
Musk posted on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” Musk’s statement was a…
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KATIE Price is being paid an eye-watering five-figure salary for her latest pantomime gig, The Sun can exclusively reveal.
The former glamour model was declared bankrupt for a second time in March over an unpaid tax bill of £761,994.05.
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But Katie, 46, won’t have to pinch the pennies this Christmas as The Sun has learned she’s landed a £50,000 payday for teaming up with pal Kerry Katona in a production of Cinderella at Northwich Memorial Court.
She and Kerry, 44, are playing the wicked step-sisters in the panto, but…
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IBC Weekly Round-Up [9th December To 15th December 2024] Live Law – Indian Legal News