Tag: debt
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Uzbekistan’s Central Bank shares latest data on state debt
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Number of people taking out debt relief orders reaches highest level since 2009
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of people taking out a debt relief order (DRO) across England and Wales surged to a record high in the third quarter of this year.…
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The Spending Spiral: Unpacking American Consumer Debt Issues
[ad_1] Consumer debt in the United States is a growing concern that impacts individuals and families across the economic spectrum. The ease of access to credit cards and loans, coupled with a culture of consumerism, has contributed to a landscape where many find themselves in a precarious financial situation. The burden of debt not only…
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Debt piling up on small business
[ad_1] THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and…
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IMF Caught Unawares by China’s Sri Lankan Debt Deal – The China Global South Project
[ad_1] The Chinese Foreign Ministry’s brief announcement on Tuesday that China Exim Bank reached a debt deal with Sri Lanka surprised IMF officials – another indication of how fractured the bankrupt country’s debt restructuring process has become. Peter Breuer, the IMF’s Mission Chief in Sri Lanka, said that while the fund was aware of talks with creditors,…
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As Debt Resolution Deadlock Looms, Which Scenarios Face Us?
[ad_1] China’s rapid rise as a global lender has also made it a significant disrupter of the business-as-usual of debt restructuring. While Western stakeholders have framed China’s role as a ‘barrier,’ Beijing insists that it is being treated unfairly in comparison to Western-led multilateral institutions and private creditors. So how does this play out? Gabriel Sterne, an emerging…
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Consumer Agency Moves to Ban Medical Debt From Credit Reports
[ad_1] The agency’s proposed changes come as it faces a legal challenge to its authority before the U.S. Supreme Court. Arguments in the case are expected to be heard this coming week, with a decision sometime next year. Here are some questions and answers about medical debt: What should I do if I can’t afford…
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Multi-million-euro tax debt is at centre of Peter McVerry Trust financial crisis
[ad_1] The Irish Independent can also reveal the charity’s board rejected a proposal by its chief executive Francis Doherty last week to appoint well-known businessman David Hall and two other people to the board as part of efforts to resolve significant financial and governance issues at the Peter McVerry Trust (PMVT). Housing Minister Darragh O’Brien…
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Slowing, Graying and in Debt, Can China’s Industrial Heartland Be Revived?
[ad_1] Hundreds of workers at a factory in Shenyang in northeastern China weld automated machines, 95 yards long, that are used to bore subway tunnels. At another factory there, employees assemble robots that China’s solar panel makers will use to streamline their production. Shenyang is the capital of Liaoning Province, one of three large provinces…
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Credit Scores on Medical Debt
[ad_1] It is a common misconception that unpaid medical bills will not hurt your credit score. Medical debt is the leading cause of bankruptcy in the United States. Health care costs are unsustainable and a short hospital stay could easily ruin the most fiscally conservative person’s finances. The Consumer Financial Protection Bureau (CFPB) is now…