With the recent downgrades issued to several banks by Moodys and S&P in August, as well as the recent banking turmoil which occurred earlier this year, and the flurry of assignment activity in the market, lenders and borrowers alike have become increasingly focused on deposit accounts. In a typical subscription credit agreement (each, an SCF),…
The general contractor for the Lorraine Street transitional housing complex in Sudbury declared bankruptcy earlier this month, leaving the project in limbo. Work continued on site until Oct. 13, a city spokesperson confirmed to Sudbury.com, noting the second-floor installation was completed, weather-proofed, cleaned and secured. Sudbury.com visited the site on Oct. 26, and found a…
Earlier this year, lawmakers in India pushed forward a significant change in the taxation for online gambling. At the time, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST), the Goods and Service Tax Council, greenlighted a proposal for the introduction of a 28% tax applicable for…
With the recent downgrades issued to several banks by Moodys and S&P in August, as well as the recent banking turmoil which occurred earlier this year, and the flurry of assignment activity in the market, lenders and borrowers alike have become increasingly focused on deposit accounts. In a typical subscription credit agreement (each, an SCF),…
October 27, 2023 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request…
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If youre in debt, youre probably thinking about how you can pay it off, manage your payments and balance your budget. However, there is another way to reduce your balance and manage your finances: debt relief. Debt relief can take several forms, from for-profit companies that settle your debt with creditors to debt consolidation to…
Paying off debt is a huge accomplishment and can feel like a weight lifted off your shoulders. So you might be confused and maybe even a little scared if you receive a letter notifying you that you actually still owe a debt you thought you had paid off. This is called zombie debt and it…
The nonhousing debt in the U.S. has grown every year since 2013. From auto loan debt to credit cards, Americans are leaning more on borrowed money to manage finances. In the second quarter of 2023, nonmortgage debt in America grew to $4.71 trillion, a 5.8% increase from $4.45 trillion at the same time last year.[…
Member Article Corporate Insolvencies Fall Not A Sign Of Improving Economic Conditions – R3 A sharp drop in the number of corporate insolvencies across England and Wales last month doesnt mean that things are going to get easier for North East businesses any time soon. Thats the view of the North East chair of insolvency…