Banks drive hard bargain for upfront cash in insolvency bids – Livemint

Dalmia Bharat Cement was declared the higher bidder after it offered close to Rs6,400 crore in upfront cash payment to the lenders of distressed Binani Cement. Photo: HT Mumbai: Creditors are driving hard bargains with potential suitors of distressed assets in the ongoing corporate insolvency cases, preferring resolution plans that offer upfront cash payments over…

Average debt of problem gamblers in Wisconsin exceeds $34000 – Appleton Post Crescent

Gambling addictions are leading to soaring debt and a bevy of other problems in Wisconsin.(Photo: Getty Images/iStockphoto) APPLETON – They max-out credit cards, drain their savings and checking accounts, seek payday loans, borrow money from relatives and friends, steal from employers and write bad checks. On rare occasions, they even rob banks. On average, they…