(Bloomberg) — A town nestled in the north west of England is paring a multi-million pound investment in the hedge fund Altana Wealth Ltd., a few months after a Member of Parliament criticized the local authoritys management of taxpayers money. The borough council for Warrington has begun exiting its 4.3 million ($5.2 million) position in…
DetailsLONDON, Oct 13 (Reuters) – Company insolvencies in England and Wales last month were 17% higher than a year earlier, government figures showed on Friday. The Insolvency Service said 1,967 companies were registered insolvent, according to the non-seasonally adjusted data, up from 1,688 a year earlier. “The increase in company insolvencies has been driven mostly…
DetailsNew state-by-state data shows relief for income-driven repayment and Public Service Loan Forgiveness The Biden-Harris administration announced that an additional 125,000 Americans have been approved for $9 billion in debt relief through fixes the U.S. Department of Education has made to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF), and granting automatic relief for…
DetailsA sign for Yellow Corp. trucking company stands outside its facility on July 31, 2023, in Nashville, Tenn. [AP Photo/George Walker IV] Two months after Yellow declared bankruptcy and laid off its more than 30,000 workers, the freight trucking companys former workers are still struggling to find work. Yellow declared bankruptcy in August after more…
DetailsPeople struggling with debt or seeking to fix their credit score often turn to credit relief companies. And some of these companies make big promises, but then dont deliver, leaving people further in debt. Debt is not inherently bad, but many people find themselves underwater as monthly payments and interest stack up, leading them to…
DetailsExplore the advantages of engaging with a debt relief company for budgeting guidance and legal protection. Las Vegas, NV –News Direct– 3D Chess Media In the midst of financial hardship, understanding how to effectively manage your budget and ensuring legal protection are two pivotal aspects that can significantly impact your financial journey. Debt relief companies…
Details12/10/2023 15:00 CBS / Nikki van Toorn Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 25 more bankruptcies in September 2023 than in the previous month; an increase of 9 percent. The trend in the number of bankruptcies has been upward for over a year. Over 60 percent…
DetailsMUMBAI, Oct 12 (Reuters) – Go First’s former owner, the Wadia Group, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle, three sources told Reuters. Cash-strapped Go First filed for bankruptcy in May, blaming “faulty” Pratt &…
DetailsIt’s been nearly five months since Wadia Group’s Go First airline went bankrupt. Amid the efforts to revive the airline, a billionaire has stepped forward as the only bidder for the bankrupt airline. metrorailnews That billionaire is 53-year-old Indian industrialist Naveen Jindal, who is the promoter of Jindal Power. He is understood to have put in an expression of interest…
DetailsThe Education Department clarified Wednesday what kind of debt relief its considering after an advisory committee pushed for more specifics. Essentially, the department wants to cancel some or all of borrowers outstanding loan balances if they fall into certain categories, such as spending several years in repayment or experiencing hardship. Following that clarification, the 16-member…
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