Mayor Eric Adams announced that the city would invest $18 million to buy up and then erase medical debt for New Yorkers who meet certain qualifications. New York City will buy up millions of dollars of medical debt and erase it in a program that officials hope will ultimately help as many as 500,000 New…
Understanding Debt Consolidation The basic idea behind debt consolidation is that a borrower can combine multiple debts into one payment. The strategy can help to both simplify their monthly finances and make it easier to understand how debt repayment fits into their budget. Most debt consolidation loans have a fixed interest rate, which means a…
January 22, 2024 Video available at: https://youtu.be/DZ8KxHcQxyk [embedded content] $18 Million Investment Will Provide Relief for up to 500,000 New Yorkers Burdened With Medical Debt, Becoming Largest Municipal Medical Debt Relief Program in Country New York New York City Mayor Eric Adams and New York City Department of Health and Mental Hygiene (DOHMH) Commissioner Dr.…
Grant Thornton has brought in former Big Four senior and banker Imran Jaffer to lead its Financial Restructuring Advisory practice in the United Arab Emirates. Appointed a partner in the Restructuring Advisory practice, Imran Jaffer brings over 20 years of experience in financial advisory services to Grant Thornton, with a focus on financial restructuring, distressed…
The British-based company which set out plans to become a global pioneer in electric vehicle manufacturing has taken a step closer to insolvency after lining up a new set of advisers to oversee contingency planning. Sky News has learnt that Arrival, which is listed on New York’s Nasdaq stock exchange, is in discussions with EY,…
QUITO (Reuters) – Ecuador’s president on Monday said he is seeking financial support from the U.S. and Europe, as well extending output from an oil block that was voted to be shut down, as he looks to free up funds to fight organized crime. President Daniel Noboa, a 36-year old businessman who started his term…
Depending on your unique circumstances, a debt relief program could be an effective way to get your finances back under control. Getty Images/iStockphoto American debt has been rising steadily for almost a decade now. And according to the Federal Reserve Bank of New York, consumers now owe about $126 billion total across all debt types…
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A financial services company that illegally dispatched tens of thousands of spam messages promising to help the recipients magically wipe away their debts is itself now a debtor to the UKs data regulator. Oldham-based LADH Limited was fined 50,000 [PDF] by the Information Commissioners Office late last week for sending more than 31,000 text messages…
Hong Kong has helped fuel a surge in bond sales tied to green and sustainable projects, spending HK$210 million (US$26.9 million) to subsidise issuance costs. Market players are calling for an extension of the three-year incentive to rival those offered by Singapore. The city has approved grants for issues including bonds and loans worth more…