With these new features, borrowers can now pay off and consolidate more types of debt, including liens, credit cards, personal loans, auto loans and home improvement loans. The Intellidebt expansion aims to offer a more flexible alternative to traditional cash-out refinancing.

Highlights of the new features include expanded lien payoffs and consolidation, along with a streamlined requalification process, which are designed to push higher conversion rates and sales volumes for lenders.

Debt consolidation remains the primary reason homeowners use home equity lines of credit (HELOCs). With consumer debt rising and more mortgage recasts or buydown expirations approaching, Figure’s updated DDP aims to help lenders address their…

Expert team of former senior bankers offers specialized debt restructuring solutions to address Hong Kong’s evolving financial landscape
HONG KONG – July 28, 2025 – Hong Kong Debt Restructure Office [https://hkdebtro.com/] (HKDEBTRO [https://hkdebtro.com/]), a newly established financial services firm, today announced the launch of its comprehensive debt restructuring [https://hkdebtro.com/] services designed to provide relief to individuals and businesses facing financial challenges. The firm, founded by several former senior bankers with over ten years of combined experience and supported by a professional legal team, aims to leverage deep industry knowledge to help clients navigate complex debt…

Ghana has officially signed a bilateral agreement with France to restructure a portion of its external debt, in what marks a significant step forward in the country’s broader strategy to restore debt sustainability and economic stability.

The agreement, signed under the auspices of the Paris Club — an informal group of creditor countries — positions France as the first member of the group to formally commit to debt relief for Ghana. The move comes as the West African nation pushes ahead with a comprehensive debt restructuring programme, following years of economic strain exacerbated by the COVID-19 pandemic, inflationary pressures, and currency depreciation.

Ghana’s Ministry of Finance described the agreement as a “milestone…

The application related to a $225,000 debt.

A decision by Justice Lester says the debt was subject to a default judgment last year in the District Court.

It arose out of a personal guarantee Li gave in respect of his company Kumeu East Realty Ltd (KERL) for building supplies purchased on its Carters trade account.

Li argued the company could not pay Carters because of a fall in the Auckland property market.

Carters demanded repayment in March 2023 and launched legal proceedings later that year.

KERL, described as a residential property development company, was placed in liquidation by the High Court in June last year after an application by Inland Revenue.

IRD refused to provide details about its…

Authorities arrested NBA veteran Marcus Morris at a South Florida airport on Sunday, jail records show. Morris was taken into custody on a fraud charge for a check made with insufficient funds, which his agent said is related to a casino debt. Morris is on an out-of-state hold, and he remains at Broward County Main Jail in Florida as he awaits extradition.

Agent Yony Noy said on social media that there is “zero fraud here” and called the arrest “absolute insanity.”

“Apparently if you have over $1,200 they can issue a warrant for your arrest,” Noy said, referencing Morris’ outstanding marker with a casino.

Morris’ twin brother, Markieff Morris, also took to social…

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The directors of Eneraqua Technologies (ETP: suspended), a provider of heating, hot water heat pump systems and water efficiency solutions, are taking steps to place the company into Creditors Voluntary Liquidation.

Earlier this month, the shares were suspended after the group’s main operating subsidiary, Cenergist, was placed into administration as it had insufficient funds to continue trading as a going concern. This was due to an adverse adjudication award relating to a contractual dispute that required £1.2mn to be paid within five days. Eneraqua was unable to make the payment because of cash flow…

The Bombay High Court has allowed a group of banks, led by Punjab National Bank (PNB), to move a long-running legal case against Gili India Limited to the National Company Law Tribunal (NCLT). Gili India Limited is owned by Mehul Choksi, a citizen of Antigua and Barbuda.

Choksi, a diamond trader wanted by Indian authorities for serious charges like criminal conspiracy, cheating, and money laundering, has citizenship in Antigua and Barbuda through investment.

The court’s decision, rooted in the belief that reviving the company is essential for the benefit of its stakeholders, emphasizes a proactive approach to corporate recovery.

Justice Sharmila U Deshmukh highlighted that opting for revival under the Insolvency and Bankruptcy Code…

The Bombay High Court has allowed a group of banks, led by Punjab National Bank (PNB), to move a long-running legal case against Gili India Limited to the National Company Law Tribunal (NCLT). Gili India Limited is owned by Mehul Choksi, a citizen of Antigua and Barbuda.

Choksi, a diamond trader wanted by Indian authorities for serious charges like criminal conspiracy, cheating, and money laundering, has citizenship in Antigua and Barbuda through investment.

The court’s decision, rooted in the belief that reviving the company is essential for the benefit of its stakeholders, emphasizes a proactive approach to corporate recovery.

Justice Sharmila U Deshmukh highlighted that opting for revival under the Insolvency and Bankruptcy Code…

Former Boston Celtics forward Marcus Morris Sr. found himself in handcuffs at a Florida airport over the weekend, facing fraud charges that have sent shockwaves through the basketball community. The 35-year-old veteran, who earned more than $108 million during his NBA career, was detained on a felony charge related to insufficient funds.

Airport detention surprises basketball world

The arrest occurred when Morris was apprehended at an undisclosed Florida airport on charges stemming from another state. According to booking records, the former NBA standout faces accusations of writing a check without adequate funds to cover the amount. The incident has drawn significant attention given Morris’s substantial career earnings and public…