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The Department of Education (DOE), complying with a federal judges ruling,announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled.
Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness are those who were attended for-profit schools that abruptly closed, leaving them with no degree, education debt and worthless credits.
Loans forgiven include federal and Parent PLUS loans. The discharge doesnt cover private student loans or money paid out of pocket by students.
Students who attended these programs cant get their time back, but at least they will no longer be forced to repay student loans they borro…
The new year is about to start and National Debt Relief aims to help people put together their financial resolutions for the year. The article titled “Financial Resolutions 5 You Need to Make for 2019” released December 14, 2018, gives consumers an idea on some of the best things they can aim to improve on for the incoming year.
Phoenix, AZ (PRWEB) December 16, 2018
The new year is about to start and National Debt Relief aims to help people put together their financial resolutions for the year. The article titled “Financial Resolutions 5 You Need to Make for 2019” released December 14, 2018, gives consumers an idea on some of the best things they can aim to improve on for the incoming year.
The king of good times Vijay Mallya is resisting extradition to India on fraud chargesPUNIT PARANJPE
The Indian beer, airline and Formula One boss known as the king of good times faces bankruptcy proceedings in a London court and a separate attempt to force the sale of his sons luxury yacht.
The State Bank of India and other lenders that extended more than 1bn to Vijay Mallyas Kingfisher Airlines before it went bust in 2012 have lodged a petition to have the tycoon declared bankrupt in an effort to seize his assets.
Chairman of the company that owns Kingfisher beer and co-owned the Force India F1 team before it collapsed in July, Mallya fled to Britain two years ago, shortly before an arrest warrant was issued in India. He is on…
A Justice Department official asked a federal judge to withhold payments to McKinsey & Co. for its work advising a bankrupt Colorado coal miner, adding another voice to a chorus of criticism faulting how the firm discloses potential conflicts of interest.
In a Friday filing with the U.S. Bankruptcy Court in Houston, Acting U.S. Trustee Henry Hobbs Jr. said disclosures McKinsey filed to support its application to advise Westmoreland Coal Co. are neither transparent nor complete. Because McKinseys disclosures dont comply with the law, it shouldnt be compensated for the services it has already provided, he said.
The U.S. Trustee Program serves as the governments bankruptcy watchdog and is tasked with preserving the integrity of the system. W…
Digging your way out of debt begins with figuring out how much you owe and to whom, so you can prioritize repayments and avoid shooting yourself in the foot.
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If a penny saved is a penny earned, a penny paid back should be worth at least as much. But the way Americans are paying off balances may be making it more difficult for them to earn that pennyand their fin…
More than half of all couples go into their partnerships with debt, and 40 percent say that this financial burden ends up having a negative impact on their relationships, according to a new Couples & Money study by Fidelity. Not only do couples disagree on whose responsibility the debt is 49 percent contradict one another as to exactly whos on the hook couples who are concerned about paying down debt are also more likely to suffer from poor commun…
With Jacob Zumas largest asset, Nkandla, effectively belonging to the Ingonyama Trust under King Goodwill Zwelithini, just how the ex-president will be able to repay a massive pending debt following a high court judgment remains a mystery.
The taxpayer will likely not recover much of the millions already spent on his legal fees and, if he is pursued for the debt, he could be declared insolvent.
Its government land [Nkandla] so the way I see it going forward is that he will not be able to fund it, said advocate James Grant.
If the property is owned by the king, then the Zulu nation might be entitled to evict him and sell it on. Hes got nothing. Even his property is arguably not his. Theoretically, your home becomes part of the lan…
Ten Kate Racing operated the Red Bull Honda World Superbike Team, fielding Jake Gagne (45) and Leon Camier (2) in 2018.
Ten Kate Racing, the entity that represented Honda in the
FIM Superbike and Supersport World Championships over the past 18 years, has
declared bankruptcy and started legal proceedings against Honda following Hondas
recent announcement that it was going to work with different groups beginning
with the 2019 FIM Superbike World Championship.
On November 6, during the EICMA show in Milan, Italy, Honda
announced that it would support Althea Racing and Moriwaki Engineering and
field riders Leon Camier and Ryuichi Kiyonari in the 2019 FIM Superbike World
Championship, ef…
[NEW YORK] Embattled commodity trader Noble Group is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process.
In a brief court hearing on Friday, the judge called the company insolvent and allowed a court-appointed officer to oversee the restructuring.
The green light from the Bermuda court will allow Noble to avoid liquidation after its preferred restructuring plan was scuppered at the last moment by an investigation from Singaporean regulators. It means that Noble could emerge from restructuring as soon as next week after more than a year of hard-fought negotiations over its US$3.5 billion debt pile.
NEW YORK, Dec. 14, 2018 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Yangtze River Port & Logistics Limited (“Yangtze River ” or the “Company”) ( YRIV). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firms site: bgandg.com/yriv.
The investigation concerns whether Yangtze River and certain of its officers and/or directors have violated federal securities laws.
On December 6, 2018, Hindenburg Research (Hindenburg) published a report entitled Yangtze River Port & Logistics: Total Zero. On-the-Ground Research Shows Assets Appear to be Largely Fabricated. The Hindenburg report described Yang…
EXCLUSIVE: How a teen tennis prodigy turned to importing cocaine to pay off $500,000 in online gambling debts – despite winning $1MILLION on the Melbourne Cup
James Willesee was a junior tennis prodigy, playing on the international circuit
He began gambling aged just 16 and eventually got himself $500,000 in debt
Willesee won $1m on the 2013 Melbourne Cup but lost $600,000 in property
The 29-year-old imported cocaine worth $1.5m to clear his gambling debts
In his report on the efforts of peoples courts on enforcement difficulties since 2016, before the National Peoples Congress (NPC) Standing Committee on 24 October 2018, Zhou Qiang, the Chief Justice and President of the Supreme Peoples Court (SPC), suggested four measures, including pushing forward establishment of a personal bankruptcy system and improving current bankruptcy law in force.
The existing bankruptcy system covers the bankruptcy of enterprises as legal persons, but not bankruptcy of natural persons. When the Enterprise Bankruptcy Law was enacted, the legislature believed it was too early to legislate on personal bankruptcy. The suggestion of the SPC of legislation on person…
