Insolvency Guardian Media Centre
Insolvency Service launches new strategy to tackle economic crime Insider Media Ltd
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Modern Citizens’ advertising division goes into liquidation Campaign
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To the end of May this year, Ballarat gamblers lost $61,151,120 on poker machines. With an average monthly loss of more than $5.55 million, it’s likely the city’s poker machine players will lose more than $66 million for the 2024/2025 financial year – the highest amount ever.
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Hong Kong actor Jacky Heung. Photo from Heung’s Instagram |
According to Znews, China Times reported that Jacky borrowed HK$2 million from the MGM-operated casino in 2024 and exchanged it for chips to gamble but has failed to repay the loan on time as agreed. As a result, MGM China Holdings has filed a lawsuit in a Hong Kong court to recover the debt.
According to court documents, under the terms of the agreement, MGM China Holdings is entitled to charge an annual interest rate of 18% on Jacky’s loan, which will continue to accrue until the debt is fully settled. The company is now seeking to recover both the principal loan amount and the interest.
The news of Jacky’s lawsuit quickly captured public attention. Many social media…
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DETROIT, Mich. (WILX) – On Thursday, Governor Gretchen Whitmer announced a partnership with the nonprofit organization, Undue Medical Debt.
Undue Medical Debt purchases qualifying medical debt in bulk “for pennies” from providers like hospitals and collection agencies.
In order to qualify, people must earn four times or below the federal poverty level, or have medical debt that is five percent or more of their annual income.
The Governor announced this would be the “first round of medical debt forgiveness” and would help 210,000 Michigan residents save more than $144 million.
Jared Walker said his life changed when, one night, sitting at home with his wife, he received a phone call.
“Her aunt has passed away from cancer. A…
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Nearly 10,000 people in Kent County just had some of their medical debt wiped.
LANSING, Mich. — On Thursday, Michigan Gov. Gretchen Whitmer announced what she said is just the first round of medical debt forgiveness in the State of Michigan.
Over $144 million in medical debt was forgiven for nearly 210,000 Michiganders, according to Whitmer’s office, as part of a collaboration with the nonprofit Undue Medical Debt.
On average, Whitmer’s office said every dollar donated to the nonprofit relieves $100 of medical debt. The debt that was forgiven in this first round was sourced from local hospitals, which…
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Governor Gretchen Whitmer and Lt. Governor Garlin Gilchrist will unveil the medical debt relief plan Thursday afternoon.
DETROIT — Michigan Governor Gretchen Whitmer and Lt. Governor Garlin Gilchrist will be in Detroit Thursday to unveil a plan they claim will help nearly 210,000 Michiganders with their medical debts.
Whitmer and Gilchrist will be joined by local officials and the nonprofit Undue Medical Debt to make an announcement that will provide over $144 million in medical debt relief for Michiganders.
The announcement will be made at 1:25 p.m. on Thursday, July 17.
…
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Issue of Debt Business Wire
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Over $140 million in medical debt relief announced for Michigan residents Manistee News Advocate
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Aurora University is asking the city of Aurora for help in taking out $16 million in tax-free debt to support new construction on campus.
Although the debt is being taken out through the city, Aurora residents will not be paying the bill, according to city Chief Financial Officer Chris Minick. Instead, he said Aurora University will be fully responsible for repaying the bonds, and that the debt will not even show up on the city’s financial statements.
The proposed $16 million bond issue, which is set to go before the Aurora City Council on Tuesday, will help finance the construction of a new three-story building that is set to replace the university’s aging Charles B. Phillips Library.
However, the campus’s new “Learning…
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Whitmer and Gilchrist mark $144 million in medical debt forgiveness fueled by state efforts Michigan Advance
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