GRIFFIN, Ga. (CBS46) — A report by creditcard.com says more than half of America got itself deep into debt during last year’s pandemic.
Abasi Kitt did his best to work out a payment plan. Kitt is a Marta Bus driver who accrued over 35,000 dollars in debt. He searched for a debt relief company that could help, but what he ended up with nearly cost him 17,000 dollars.
Kitt signed a three year contract with a debt validation company called The Litigation Practice Group. Instead of negotiating a settlement, LPG challenges the debt in an effort to invalidate it.
“Well when I called them they said, you know what? A lot of these companies, they dont word stuff correctly,” Kitt told CBS’s Better Call Harry, “And when they find them, they wr…
Read the full article at: https://www.cbs46.com/investigations/debt-relief-firm-costs-man-nearly-17k-how-better-call-harry-helps/article_bd855af6-bd8e-11eb-ad7d-1f1370de2418.html
Dive Brief:
- General Mills Chairman and CEO Jeff Harmening announced a series of new leadership assignments as part of the company’s Accelerate growth strategy at the virtual BMO Global Farm to Market conference last week. These include putting Dana McNabb, the company’s former Europe and Australia president, into the new position of chief strategy and growth officer.Those two geographic divisions will now fall under the leadership of Asia and Latin America President Sean Walker.
- Harmening said the reorganization is now in progress over the rest of the company and more details will come out within the next month.He stressed this is “not simply a cost-cutting exercise,” but the reorganization is freeing up resources to redeploy them to…
Read the full article at: https://www.fooddive.com/news/general-mills-shuffles-execs-as-part-of-restructuring/600711/
In March, President Joe Biden signed into law the American Rescue Plan. Included is the Emergency Relief for Farmers of Color Act. It provides $4 billion in debt forgiveness to socially disadvantaged farmers and ranchers whove taken out Farm Service Agency loans. Latresia Wilson is Vice President and Co-Founder of the Florida Chapter of the Black Farmers and Agriculturalists Association (BFAA). She says farmers are excited about the debt forgiveness.
Its mentally relieving not having debt over your head, and also it could mean for some of them the difference between saving their farm or losing their farm as well as an opportunity maybe to have a new start, Wilson says.
Wilson says its a good first step in addressing the discrimination B…
Read the full article at: https://news.wfsu.org/state-news/2021-05-25/4-billion-in-debt-relief-is-coming-to-socially-disadvantaged-farmers-ranchers
Real estate developers on Tuesday demanded protection from insolvency proceedings for at least a year as the sector had been severely hit financially due to the pandemic.
They also wrote to the Centre and the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) seeking more time to repay loans.
Section 7 of Indian Bankruptcy Code (IBC) allows a financial creditor to file for initiating the corporate insolvency resolution process against a corporate debtor. Section 9 provides for application of insolvency by an operational creditor, while Section 10 is for initiation of insolvency proceedings by a corporate applicant. We have requested that applicability of these three sections be suspended for a year like it was done in 2020 in view…
Read the full article at: https://www.hindustantimes.com/cities/noida-news/developers-seek-protection-from-insolvency-for-a-year-101621967770888.html
Equity Trustees now manages $30 billion of superannuation money up from $12 billion last year. The walls of the Melbourne headquarters of Equity Trustees (ASX: EQT) are adorned with the portraits of former prime ministers, premiers and governor generals who have served on the board of the stately 133-year-old institution.
The roll call of dignitaries includes 19th century premier Sir Charles Sladen, prime ministers Stanley Bruce and Robert Menzies and former governor general Ninian Stephen.
In March, former Abbott/Turnbull era cabinet minister Kelly ODwyer joined the board, filling a seat vacated by former Victorian premier and Hawthorn Football Club president Jeff Kennett.
(Kennetts great grandfather, Edward Fanning was a …
Read the full article at: https://smallcaps.com.au/one-of-australias-oldest-listed-companies-follows-super-new-path/
An ex-Bay Shore man who served prison time for murder in a 2004 slaying linked to the collection of a gambling debt pleaded guilty to manslaughter Tuesday after a federal appellate court threw out his original conviction.
Family members of victim Bobby Calabrese were in Nassau County Court as Mark Orlando, 50, admitted during a virtual appearance from jail that he took part in the 24-year-old Long Beach mans killing. It happened on a small side street in Island Park on Dec. 3, 2004.
A Nassau jury had convicted Orlando of second-degree murder in 2005 and he was serving 25 years to life in prison before a successful federal appeal. In 2019, a federal court ruled Orlando had been denied his constitutional right to confront an accuser in co…
Read the full article at: https://www.newsday.com/long-island/crime/murder-guilty-plea-mark-orlando-bobby-calabrese-1.50257684
