Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt.
Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to offer debt solutions as an employee benefit. Among the approaches:
MedPut negotiates discounts on medical debt and offers interest-free loans that are repaid through payroll deductions.
Brightside connects workers to debt consolidation loans and student loan refinancing.
HoneyBee, PayActiv and TrueConnect, among others, provide payday advances or emergency loans so struggling workers can avoid the payday loan …
Read the full article at: https://www.dailyherald.com/business/20190317/can-your-employer-help-cure-your-money-woes
The Central Bank of the UAE rolled out the National Loans Scheme to help Emiratis burdened by chronic debt repay their liabilities.
The initiative, launched in conjunction with the UAE Banks Federation and national banks, will help applicants with multiple loans and credit card balances consolidate the debts into a single instalment.
This initiative is aimed at easing the burden of debt accumulation for UAE nationals, a statement on the state-run news agency Wam said.
There are 6.5 million credit facilities such as loans, credit cards, mortgages and overdrafts in the UAE, according to data from the Al Etihad Credit Bureau. While 4.5 million residents and 200,000 companies ar…
Read the full article at: https://www.thenational.ae/business/money/central-bank-launches-debt-consolidation-programme-for-emiratis-1.837808
A POPULAR toy store chain, with an outlet on the Sunshine Coast, will close stores over the next two weeks after its parent company announced it had gone into voluntary administration yesterday.
Staff at Build-a-Bear Workshop were told of the devastating news during the week ahead of the final days of trade.
A Facebook post from Build-a-Bear stated the “bears are taking a break.
The chain, which has its head office in the US, has 30 stores and retail outlets across Australia including an outlet at Kawana, Carindale, Chermside, two at the Gold Coast, and one at Mt Ommaney. Stores to close are Kawana Shoppingworld, Mt Ommaney (Queeensland), Logan Hyperdome (Queensland), Westfield Miranda (NSW), Stockland Greenhills (NSW), Westfield Marion (…
Read the full article at: https://www.sunshinecoastdaily.com.au/news/build-a-bear-store-set-to-close-on-the-sunshine-co/3673484/
Ex-Corrie star Nikki Sanderson has started her own not-for-profit debt management firm an area of business her boyfriends parents were banned from.
Her Financial Awareness Community Team claims it can make your financial worries go away.
It offers to cut the cash clients owe by negotiating a fixed monthly fee with creditors.
Proft-making debt management companies (DMCs) have been accused of leaving customers with mounting fees that made them worse off.
And Nikkis partner Greg Whitehursts parents were referred to police for taking 2.75million from DMC First Step Finance as it shut leaving 4,000 clients 6million out of pocket.
(Image: WireImage)
(Image: Manche…
Read the full article at: https://www.mirror.co.uk/3am/celebrity-news/hollyoaks-ex-corrie-star-nikki-14145882
(Reuters) – Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday, sending shares of the U.S. home furnishing retail chain sharply lower.
FILE PHOTO: The Pier 1 Imports store is seen in Broomfield, Colorado September 17, 2014. REUTERS/Rick Wilking
Known for selling wicker chairs and scented candles, Pier 1 has suffered financial losses amid an increasingly competitive retail landscape dominated by the likes of Amazon.com Inc and Walmart Inc.
Pier 1, which has roughly 987 stores in the United States and Canada, has added debt restructuring specialists at Kirkland & Ellis LLP to a roster of advisers coun…
Read the full article at: https://www.reuters.com/article/us-pier-1-imports-debtrestructuring-excl/exclusive-retailer-pier-1-taps-debt-restructuring-lawyers-sources-idUSKCN1QV2C6
Credit Agricole SA backed blockchain startup SETL has landed in troubled waters. The company recently appointed administrators to reorganize its business as noted in its corporate insolvency notice. Bloomberg reported that the company would be working with Quantuma LLP to reorganize its business.
A Promising Start Leads Nowhere
About two months ago, the startup appointed the former chief of Frances central bank, Christian Noyer to its board. The company was founded in 2015 to bring blockchain technology closer to the financial services industry.
Several top finance names were linked with the company- including that of David Walker, the ex-chairman of Barclays. The company was founded by Peter Randall, the former stock-exchange executive, an…
Read the full article at: https://tokenmantra.com/london-based-blockchain-startup-setl-starts-corporate-reorganization/
Sir Philip Green is set to carry out a significant restructuring of his retail empire which could result in hundreds of job losses and store closures.
The retail billionaire tycoon and his advisers, Deloitte, are close to unveiling plans for Arcadia to carry out a Company Voluntary Arrangement (CVA) an insolvency process that allows a company with debt problems to reach agreement with its creditors regarding payment over an agreed period.
It would give Arcadia a breathing space during which stores may be closed and rents r…
Read the full article at: https://www.thetimes.co.uk/article/green-ready-to-begin-restructuring-of-arcadia-j5bz78wwn
Sir Philip Green is edging closer to a radical restructuring of his Arcadia retail empire in a move that could result in significant stores closure and job losses.
The retail billionaire and his advisers are understood to be in talks about entering a company voluntary arrangement (CVA), an insolvency process that would require the approval of creditors, Sky News reported.
The company confirmed it was reviewing the business. Within an exceptionally challenging retail market and given the continued pressures that are specific to the UK high street we are exploring several options to enable the business to operate in a more efficient manner, Arcadia said.
None of the options being explored…
Read the full article at: https://www.telegraph.co.uk/business/2019/03/15/sir-philip-green-edges-closer-restructuring-high-street-empire/
Pursuant to an Order dated 13 March, 2019 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Tantia Constructions Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016.A copy of the said order has been received on 15.03.2019.
Mr. Kshitiz Chhawchharia, Interim Resolution Professional has been appointed for carrying out the CIRP of the Company. Upon initiation of CIRP, the powers of the Board of Directors of the Company has been suspended and shall be exercised by the Interim Resolution Professional.
If youre like many Americans with rising credit card balances, you may be looking for ways to get your debt under control. Debt consolidation loans are one option that can reduce your debt and help you pay it off sooner.
Debt consolidation is the process of combining multiple debts such as credit cards, medical bills and payday loans into one debt with a fixed monthly payment. Consolidating debt with a personal loan works best if the rate on the loan is lower than the combined interest rate on your existing debt.
When comparing debt consolidation loans, look for low rates, flexible terms and consumer-friendly features such as direct payment to creditors.
Debt consolidation loans for average to bad credit
It may be difficult for bo…
Read the full article at: https://www.nerdwallet.com/blog/loans/best-debt-consolidation-loans/
PHI Inc. was facing a deadline to pay back $500 million in unsecured notes. The helicopter company didnt have the money. So instead, the Louisiana-based firm declared bankruptcy late March 14, just minutes before the day the payment came due.
The Louisiana-headquartered firm, which operates over 240 aircraft, is the latest helicopter company to declare bankruptcy amid heavy debt loads and declining demand for their services from offshore oil drillers. PHI employs about 2,200 workers in over 70 locations around…
Read the full article at: https://news.bloomberglaw.com/bankruptcy-law/another-helicopter-company-in-trouble-as-phi-inc-goes-bankrupt-1