On June 30, 2023, the U.S. Supreme Court ruled in Biden v. Nebraska that the Biden-Harris administrations plan to cancel up to $10,000 in student loan debt per borrowerand up to $20,000 for Pell Grant recipientswas not legal under the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act of 2003. That same day, President…
The job ads always sound too good to be true. Open and well-paid positions at a popular casino. Lodgings, benefits and other perks provided. But it all ends up quite the opposite. Victims are being caught in trafficking rackets to the Mekong region in Southeast Asia, lured to jobs in call centres where workers are…
DENVER, October 09, 2023–(BUSINESS WIRE)–AngloGold Ashanti plc (“AGA”) has completed a corporate restructuring resulting in a corporate domicile in the United Kingdom, and a change of its primary listing from the Johannesburg Stock Exchange (“JSE”) to the New York Stock Exchange (“NYSE”). The company, which now has its group headquarters in Denver, retains secondary listings…
Outside of the early voting site at Hickory Hill Community Center, a food trucks generator buzzed as a worker hands out food. More buzz came from campaigners promoting support for the casino referendum on the ballot. Vote jobs and revenue, revenue! Vote jobs and revenue! sang two women as they directed people toward the polls…
Small businesses in strife are increasingly turning to the simplified debt restructuring process introduced during the pandemic with large spikes in take-up over the past two months, according to the latest data from creditor risk specialist Alares. It found Small Business Restructuring applications during August and September averaged about 75 a month the first sign…
Cathro & Partners has welcomed industry veteran Henry Kazar to its Canberra office. The newly appointed Principal brings over 40 years of experience in corporate and personal restructuring services across public and private sectors. Henry will be a significant asset to the firm as we continue to build out our insolvency and restructuring advisory practice,…
Its no surprise that debt can have a major impact on your mental health. Your balance, the accumulating interest, making monthly payments and even the circumstances that put you in debt in the first place can all take a toll on how you feel about your finances. According to a survey by Bankrate, 52 percent…
No matter your financial and lifestyle situation, paying off debt can feel overwhelming and isolating. While being in debt is nothing to be ashamed of, you may feel unable to ask for help. You might feel like your debt is solely your responsibility, and that asking for help will make you seem irresponsible. However, when…
Summary Bondholders agreed to a payment pause until summer 2024 Ukraine tells investors it aims to restore capital market access Kyiv looks to Western partners, multilaterals for credit backing – sources LONDON, Oct 9 (Reuters) – Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and…
When the German banking giant Wirecard collapsed in June 2020 amid a roaring fraud scandal, public opinion was shocked. The company, praised as the countrys innovative answer to the fintech industry of Silicon Valley, had been widely seen as a German miracle following recovery from the 2008 financial crisis. Its bankruptcy involved a massive state…