Toledo, Ohio has given its residents a new and unusual holiday gift: the promise of medical debt relief. In early November, its city council voted to use $800,000 of American Rescue Plan Act funding to wipe out the medical debt of residents in need, with the help of an organization called RIP Medical Debt. Lucas…
DetailsThe Australian arms of crumbling cryptocurrency empire FTX have been placed in voluntary administration. Scott Langdon, John Mouawad and Rahul Goyal of KordaMentha Restructuring took over as administrators of the Sydney-based cryptocurrency businesses FTX Australia Pty Ltd and subsidiary FTX Express Pty Ltd on Friday following a board meeting earlier today that decided to place…
Detailswatch now Consumers spent a record $9.12 billion online shopping during Black Friday and another record $11.3 billionon Cyber Monday, according to the most recent data from Adobe. So far this November, consumers have spent$107.7 billiononline overall, up nearly 10% from last year. Yet roughly60% of Americans were living paycheck to paycheck heading into the…
DetailsSummary Companies Aims to shed status as financially-distressed company Capital A will retain digital, logistics, services businesses Investors to receive in-specie distribution of aviation business Nov 29 (Reuters) – Malaysia’s Capital A (CAPI.KL) will combine its AirAsia budget airline business with long-haul offshoot AirAsia X (AIRX.KL) as part of a corporate restructuring designed to shed…
DetailsShashika Bandara, PhD candidate1, Inosha Alwis, lecturer2 1PhD candidate, Department of Family Medicine, Faculty of Medicine and Health Sciences, McGill University, Montreal, Quebec, Canada 2Lecturer, Department of Community Medicine, Faculty of Medicine, University of Peradeniya, Kandy, Sri Lanka Correspondence to: S Bandara shashika.bandara{at}mail.mcgill.ca Urgent action is needed to maintain vital services Sri Lanka is facing…
DetailsIRVINE, CA / ACCESSWIRE / November 28, 2022 / Debt has become endemic in the United States, with total personal debt in the country surpassing $14 trillion in the first half of 2021. That works out at around $58,000 per adult, with 77% of households carrying debt of some kind. Given these figures, it is…
DetailsCollege graduates who are pursuing careers in agriculture are in line for expanded student debt relief under a measure approved by Gov. Kathy Hochul. The new measure is meant to give more students eligibility under a program meant to encourage young people to becomes farmers. The law addresses eligibility for the New York State Young…
DetailsChennai, Nov 29 (IANS): With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing Rs 70 per cent of their admitted claims of Rs 790,626.2 crore) the number of cases admitted for Corporate Insolvency Resolution Process (CIRPs) has increased since the launch of the Insolvency and Bankruptcy Code…
DetailsA business linked with the struggling Metamorph Group has gone into liquidation, it was confirmed today, as the companys former chief has made a surprise apparent return. A notice in the London Gazettestated that Beaumont ABS Ltd appointed liquidators earlier this month, following agreement by the firms creditors. The liquidation is being handled by Michael…
DetailsThe increase in insolvencies worldwide should prompt directors of South African companies to re-look how they will secure their own business continuity should any of their key suppliers fold and stop providing them with mission-critical systems. And, while doing so, theyd be smart to consider active software escrow as the simplest and most cost-effective solution…
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