Key takeaways Consumers with hefty debt loads or lower credit scores are targets for debt relief and credit card scams. If someone reaches out to you regarding your debt or requests upfront payment to find relief, it’s likely a scam. You can protect yourself from scams by educating yourself on laws telemarketers must adhere to…
FTX Founder Testifies , About Alameda Research , Concerns Prior to Collapse. ABC reports that Sam Bankman-Fried testified that he expressed concerns Alameda Research could become insolvent four months before FTX declared bankruptcy. . ABC reports that Sam Bankman-Fried testified that he expressed concerns Alameda Research could become insolvent four months before FTX declared bankruptcy.…
President Joe Biden is trying to provide more student relief to four specific groups of borrowers by, in some cases, expanding existing mechanisms for forgiveness and discharges. The White House and the Department of Education released draft regulatory language for debt relief using the rulemaking process under the Higher Education Act on Monday. This includes…
A canning line at Deep Creek brewery in Auckland a few years ago, when the company was focused on expanding the brewery with its beers headed for national distribution in Australia. Another homegrown brewer has found itself in financial trouble after a horror few months for the sector. Deep Creek described itself as a company…
The Biden-Harris Administration today continued its critical efforts to deliver student debt relief to as many borrowers as possible through negotiated rulemaking under the Higher Education Act by releasing draft regulatory text for specific categories of borrowers and outlining next steps to consider relief options for borrowers experiencing hardship. Forgiveness delivered to borrowers through negotiated…
Small businesses will witness more action from the ATO over outstanding lodgements and debt collection as it targets the $50.2 billion in collectable debt owed by the sector, according to a specialist in business restructuring and corporate insolvency at PwC. Chris Sequeira said the ATO was adopting a stricter stance with tax debts after its…
No one sets out in business expecting the company to become insolvent. However, in an increasingly challenging trading environment, many companies will unfortunately experience issues with cash flow, increased costs of doing business, and changing consumer preferences, all of which have the potential to threaten the ongoing viability of the business. If the situation continues,…
Abu Dhabi, UAE: His Excellency Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, chaired a meeting of experts from the Consultative Industry Group (CIG) Financial Reorganization Committee. The meeting included a number of specialists in bankruptcy and financial restructuring from global and local offices and companies. He praised the role of experts in…
Achieve Resolution’s team of experts negotiates with creditors to help members settle unsecured debts for less than they owe SAN MATEO, Calif., Oct. 30, 2023 /PRNewswire/ — Against a backdrop of Americans shouldering the burden of a record $1 trillion in credit card debt, Achieve, the leader in digital personal finance, announces the launch of Achieve Resolution,…
WeWork creditors are battling over the remains of a company once valued at over $40 bil Creditors of defaulting shared office provider WeWork are now fighting over control of the company as it enters restructuring, with that story leading Mingtiandis headline roundup today. Also making the cut is a final adjournment of China Evergrandes liquidation…