A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found. Over the past decade, R.I.P. Medical Debt has grown from a tiny nonprofit group that received less than $3,000 in donations to a multimillion-dollar…
Higher education financing allows many Americans from lower- and middle-income backgrounds to invest in education. However, over the past 30 years, college tuition prices have increased faster than median incomes, leaving many Americans with large amounts of student debt that they struggle or are unable to, pay off. Recognizing the burden of this debt, the…
NEW DELHI : In an attempt to revive bankrupt airline Go First, the National Company Law Tribunal (NCLT) on Monday approved another 60-day extension for its moratorium, aiming to give the airline additional time to finalize its corporate insolvency resolution process (CIRP). The extension will be effective 4 April to 3 June, and has been…
Bankrupt glamour model Katie Price is reportedly turning her sights north, with plans to offload her infamous Mucky Mansion. The 45-year-old found herself declared bankrupt for a second time last month due to an outstanding tax bill exceeding 750,000. This follows a previous bankruptcy declaration in 2019, when she faced debts amounting to 3.2 million.…
Officials said that 10 million borrowers could see debt relief of at least $5,000. The plan, set to be announced in Wisconsin, could help rally support among young voters. President Biden on Monday plans to announce a large-scale effort to help pay off student loans for tens of millions of American borrowers in Wisconsin, seeking…
CNN Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank in yet another instance of creditors taking legal action to reclaim money from troubled developers in the worlds second-largest economy. A winding-up petition was filed against the company by China Construction Bank (Asia) on…
Chinese property developer, Shimao Group is facing a legal challenge as China Construction Bank (Asia) filed a liquidation petition against it in Hong Kong over a financial obligation amounting to HK$1,579.5 million, equivalent to $201.75 million. This move marks a departure from the norm, as it is unusual for a state-owned bank to initiate legal…