Insolvency Guardian Media Centre
After hearing of local families buried in medical debt, Jesse Jones and KIRO 7 set a goal: to buy as much medical debt as we could.
KIRO 7 spent $12,000 and purchased $1 million worth of medical debt owed by viewers in our region.
Related Headlines
And we forgave every cent of it.
Read the full article at: http://www.kiro7.com/news/local/how-you-can-help-jesse-jones-erase-medical-debt-for-as-low-as-5/700097728?utm_source=homestream&utm_medium=site_navigation&utm_campaign=homestream_click
An Alberta legal battle over whether creditors take priority over the cleanup of old oil wells has landed at the Supreme Court of Canada with seven justices now tasked with a decision that could have implications for industry and the environment across the country.
The nation’s highest court heard the contentious case on Thursday, centred on the failure of Redwater Energy, a junior oil and gas company that slipped into receivership in 2015 in the wake of the oil price collapse.
Redwater’s receiver wanted to sell the company’s few good wells to pay off the company’s debts, but the Alberta Energy Regulator (AER) said such proceeds should help pay to clean up after Redwater’s inactive wells as required by p…
Read the full article at: http://www.cbc.ca/news/business/redwater-orphan-wells-supreme-court-1.4533626
OTTAWA, Feb. 15, 2018 /CNW/ – Whether trying to catch up on holiday bill payments or dealing with an unexpected life event, most Canadians would agree: struggling with debt is not what they are looking forward to in 2018.
Fact: According to recent data from Statistics Canada, for every dollar of disposable income that Canadians have, they owe on average $1.71 in credit market debt, which includes consumer credit, and mortgage and non-mortgage loans.
Unfortunately, many Canadians find themselves under significant financial pressure just to make ends meet. If the situation is particularly bad, you may also find yourself receiving phone calls from your creditors or debt collection agencies. To get your financial situation in check, …
Read the full article at: http://markets.businessinsider.com/news/stocks/Consumer-Alert-Debt-relief-promises-Tips-for-choosing-a-debt-relief-service-that-keeps-its-word-1015922389
GYMPIE-COOLOOLA has taken out the crown for highest insolvency rate in the Wide Bay Burnett, and the 21st highest in the state out of 83.
New data reveals the Gympie-Cooloola per capita rate is at least eight points above its neighbours.
The Australian Financial Security Authority’s latest regional personal insolvency statistics reveal the region’s rate per 100,000 people (aged 18+) is 64.1, topping Maryborough (55.8), Hervey Bay (51.1), Bundaberg (47.9) and Burnett (34.2).
There were 25 new debtors in Gympie-Cooloola in the December 2017 financial quarter, the same as there was in September 2017, and a touch above the average since December 2013.
Griffith University’s Business School’s Dr Tracey West said there were a number of factors…
Read the full article at: https://www.gympietimes.com.au/news/gympie-cooloola-claims-wide-bay-debt-crown/3336540/
The United Kingdom branch of Christ Embassy, owned by popular Nigerian televangelist, Chris Oyakhilome, is broke and has been declared insolvent by the Charity Commission, the agency that regulates charity organisations in the country.
The ministry also admitted in its belated 2015 financial Statement (the churchs last annual return, which it published in 2017) that its subsidiary, Christ Embassy Limited, valued with a net asset of more than N1 billion (£2 million) entered into liquidation from November 1, 2016.
On its website, the Charity Commission flagged Christ Embassy as charity insolvent. According to the commission, a charity is considered as being insolvent when it is unable to pay its debts.
In practice th…
Read the full article at: https://www.premiumtimesng.com/news/headlines/258773-uk-declares-pastor-chris-oyakhilomes-christ-embassy-church-insolvent.html
Unfortunately, many Canadians find themselves under significant financial pressure just to make ends meet. If the situation is particularly bad, you may also find yourself receiving phone calls from your creditors or debt collection agencies. To get your financial situation in check, you begin to look for help. You may even explore some of the debt relief options you’ve seen advertised that promise to help you get out of debt. There are many debt management options to choose from and it can be difficult to make an informed decision when you feel like you’re in over your head. Before you sign up for any service that promises to help you get rid of your financial woes, make sure you know what to expect.
…
Read the full article at: https://www.newswire.ca/news-releases/consumer-alert—debt-relief-promises-tips-for-choosing-a-debt-relief-service-that-keeps-its-word-674199183.html
Video PlayerClose
BEIJING, Feb. 15 (Xinhua) — China will continue to prioritize job creation when seeking economic transformation toward high-quality development in 2018, according to an official with the National Development and Reform Commission.
Job pressure remains strong this year as some 8.2 million college graduates are expected to enter the job market while 9.7 million unemployed people and redundant workers need to find jobs, NDRC spokesperson Meng Wei was cited as saying in the Economic Information Daily.
She said that China’s efforts to secure a steady economic growth were to ensure job supply.
China will boost strategic emerging industries to create new growth points for employment this year, reduce regi…
Read the full article at: http://www.xinhuanet.com/english/2018-02/15/c_136978090.htm
Two north Shropshire churches are offering free help to hundreds of local people after partnering with an award-winning national debt counselling charity.
Cabin Lane Church in Oswestry and The Cellar Church in Ellesmere have joined forces with Christians Against Poverty (CAP) and aims to help a number of people this year, by offering home visits for people affected by debt.
David Lee, the CAP Debt Centre manager, said: “Typically, debts can build up when a relationship breaks down, someone loses their job, or through bereavement so often when people are least able to cope with a financial headache.
“That’s why we’re so excited to open a debt care because between us, there is a hug…
Read the full article at: http://www.bordercountiesadvertizer.co.uk/news/15993962.hundreds-to-benefit-from-free-local-church-debt-help/
(RTTNews) – TreeHouse Foods, Inc. (THS) outlined its TreeHouse 2020, the company’s restructuring program, for the calendar year 2018: the partial closure of Dothan, Alabama expected in the second quarter of 2018; the final phase of closure of the Battle Creek, Michigan facility announced on January 31, 2018; the closure of the Visalia, California facility which is targeted for closure by the end of first quarter 2019; at least 15 production lines permanently shuttered; and the full roll-out of the TreeHouse Management Operating System to 12 plants in 2018.
The costs to close the Visalia facility are expected to be approximately $21 million, of which approximately $8 million is expected to be in cash. The company expects cha…
Read the full article at: http://markets.businessinsider.com/news/stocks/TreeHouse-Details-2018-Restructuring-Program-To-Reduce-Headcount-By-Mid-2018-1015886989
John McGrath has denied his gambling debts are out of control or in any way linked to his stake in his embattled real estate business.
Shares in McGrath Ltd were placed in a trading halt on Thursday as the company sought further information from its founder related to recent media reports about Mr McGrath, who remains a major shareholder.
Fairfax Media has claimed Mr McGrath has $16.2 million in gambling debts with betting company William Hill Australia.
And a report from News Corp’s The Australian claimed Mr McGrath has a $100 million margin lending facility connected to a private investment company.
McGrath Ltd advised the ASX on February 8 that Mr McGrath had confirmed there was no margin lending facility related to his stake in the comp…
Read the full article at: http://www.news.com.au/finance/business/breaking-news/mcgrath-posts-255-million-halfyear-loss/news-story/a93e690860f79dc9480b55708e952bbb
CITY of Stirling is investigating the impact the collapse of builder Cooper & Oxley will have on the Scarborough Beach Pool.
The Perth construction firm entered voluntary administration on February 8, with Hall Chadwick appointed as external administrators.
It was responsible for building the $26 million pool facility, which opened on January 22.
Infrastructure director Michael Littleton said the City was seeking information on the potential ramifications.
The City has sought some clarification from the appointed administrator on Cooper & Oxleys position with respect to the Scarborough Beach Pool, he said.
It is important to acknowledge that Cooper & Oxley have entered voluntary administration and our understanding is that the companys direct…
Read the full article at: https://www.communitynews.com.au/stirling-times/news/city-of-stirling-checking-impact-of-collapse-of-cooper-and-oxley-on-scarborough-beach-pool
Euro Construct Trading 98 enters insolvency due to a liquidity crisis, which started from S2 2017, generated by the uncollected accounts receivable in due time of the works beneficiaries.
The commercial company Euro Construct Trading 98 had received from the Court the approval of insolvency submitted at the Bucharest Court, based on the law no. 85/2014 regarding the insolvency procedure. The aim of the companys request is the jobs protection for the companys employees, as well as the well development of the companys activities on the building yards in progress at the submission date until the finalization of all works, according to the commitments. The reason for this legal prevision is the liquidity crisis in which the company is …
Read the full article at: http://www.business-review.eu/news/euro-construct-trading-98-enters-insolvency-due-to-liquidity-crisis-158055