Chinas embattled investment conglomerate Zhongzhi Enterprise Group Co. Ltd. has filed for bankruptcy liquidation, shortly after it disclosed a financial shortfall of up to $36.5 billion. A court in Beijing said Friday it has accepted Zhongzhis application for bankruptcy liquidation, in which the company stated that its assets are insufficient to cover all liabilities and…
(Bloomberg) — Education Secretary Miguel Cardona urged patience as the administration tackles its next steps on student-loan debt relief, a signature initiative of President Joe Bidens, saying officials were dealing with a system that is broken. Most Read from Bloomberg We are cleaning up a big mess, Cardona said in an interview on Bloomberg Television…
Credit card debt relief is widely available if you need it no matter what your financial situation may be. YURI ARCURS PRODUCTIONS / Getty Images If you have credit card debt, you’re not alone. According to the Federal Reserve Bank of New York, Americans have about $1.08 billion in combined credit card debt which is…
Common debt relief options for payday loans include debt consolidation, debt settlement and debt management through a credit counseling agency. Debt Consolidation Loans A debt consolidation loan is a single loan that combines multiple loans into one payment. Generally, these are unsecured personal loans, with a fixed interest rate monthly payment. Personal loans for debt…
Supreme Court of India. Reuters The much-awaited approval from the top Constitutional Court in India is finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the Govts masterstroke law the Insolvency and Bankruptcy Code. The Supreme Court of India on 9th November 2023 settled the…