Millions of American are in debt, but debt relief companies have their own issues. American consumers hold more than $16 trillion of debt in the form of mortgages, credit cards, personal lines of credit, home equity lines of credit, student loans and personal loans. COURTESY PHOTO: Giorgio Trovato via Unsplash.com When emergencies strike or monthly…
By Nadia RamlaganOhio News Connection Ohioans seeking help from companies promising to reduce or eliminate debt or fix their credit scores are getting duped, and often are left financially worse off, according to a new report. Judy Dollison, president of the Better Business Bureau of Central Ohio, said the rise in student loan, medical and…
Larisa Markus was president and founder of Vneshprombank, one of Russias largest banks, which was declared insolvent in 2016. In May 2017 she was convicted, in Russia, of embezzling $2 billion from the bank. In 2019 Rozhkovappointed to preside over the liquidation of Markuss assetsas Markuss Foreign Representative brought a Chapter 15 proceeding to locate…
Larisa Markus was president and founder of Vneshprombank, one of Russias largest banks, which was declared insolvent in 2016. In May 2017 she was convicted, in Russia, of embezzling $2 billion from the bank. In 2019 Rozhkovappointed to preside over the liquidation of Markuss assetsas Markuss Foreign Representative brought a Chapter 15 proceeding to locate…
Larisa Markus was president and founder of Vneshprombank, one of Russias largest banks, which was declared insolvent in 2016. In May 2017 she was convicted, in Russia, of embezzling $2 billion from the bank. In 2019 Rozhkovappointed to preside over the liquidation of Markuss assetsas Markuss Foreign Representative brought a Chapter 15 proceeding to locate…
Marking the end of rumours as to its financial stability, Dutch e-bike start-up VanMoof has declared bankruptcy and as a result is seeking legal protection using a Dutch mechanism similar to Americas Chapter 11 process. Approved by the district court of Amsterdam, the mechanism allows VanMoof to enter into administration to allow it time to…
McDermott International Ltd announced that it has entered into a transaction support agreement – with more than 75 percent, in aggregate, of its secured letter of credit providers, funded debt creditors, and equity holders – to initiate a financial restructuring process. The move is being undertaken to strengthen McDermotts capital structure, enhance its liquidity position,…
The global economy has experienced multiple shocks in the past three years. Emerging markets and developing economies not only need to reignite growth and secure a full recovery, but they also must manage rising debt and other policy considerations. Regulatory changes and other market reforms can ease this challenge, as we outline in a new…
All 400 of Wilkos shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailers administrator PwC announced the news after it struggled to secure a rescue deal for Wilko to continue operating. After swooping in to rescue collapsed music chain HMV in 2019, Canadian…
Larisa Markus was president and founder of Vneshprombank, one of Russias largest banks, which was declared insolvent in 2016. In May 2017 she was convicted, in Russia, of embezzling $2 billion from the bank. In 2019 Rozhkovappointed to preside over the liquidation of Markuss assetsas Markuss Foreign Representative brought a Chapter 15 proceeding to locate…