VA suspends pension debt collection from veterans after discovery of system error
DAV is an organization of veterans helping veterans. The reasons are as individual as our members. Some join for the fellowship at our more than 1,200 local chapters. Some for the inspiring national events. Others for opportunities to serve their fellow veterans and their families. And many join to continue the fight to support the […]
How Victorian Mark Casey used millions from property to fund Credit Clear start-up
Around the world commercial and government enterprises want to harness the power artificial intelligence and the mobile phone to gain faster debt payments and improve the collection of problem accounts. Mark Casey, who is not well known outside Victoria, believes that having successfully backed a mobile phone credit collection breakthrough in Australia, he can now […]
Health Check: How Prudently Does System1 (NYSE:SST) Use Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. […]
Lenders seize control of Adgemis’ landmark Bondi site
The $25m Bondi beachfront property could be sold off rather than redeveloped by Sydney deal-maker Jon Adgemis for hospitality empire, as lenders call time on debt deals. Adelaide-based lenders Angas Securities stepped in on Friday to seize the apartment building on Campbell Parade, next to the controversial Noah’s Backpackers site, with plans to sell the […]
Debt help service faces budget squeeze
“Our workload has increased due to Covid firstly, then the cost of living, then the interest rate increases,” says Christine Liggens from Debtfix. The charity has partly relied on $490,000 a year from the Ministry for Social Development (MSD) to help meet the cost of budget and finance advice for Kiwis who fall into difficulty […]
These 4 Measures Indicate That Geely Automobile Holdings (HKG:175) Is Using Debt Safely
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. […]
ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown
The ATO has said that too many tax professionals are looking to secure payment plans and penalty remissions for clients when their clients are not in “genuine need”. Speaking in a recent webinar, ATO assistant commissioner, lodge and pay, Sylvia Gallagher stressed that payment plans were not a loan to businesses and were only there […]
CFPB’s Frotman speaks on medical debt collections and rental financial products | Orrick, Herrington & Sutcliffe LLP
On April 11, the General Counsel of the CFPB, Seth Frotman, delivered a speech at the National Consumer Law Center/National Association of Consumer Advocates Spring Training, highlighting how the FDCPA and the FCRA cover often-overlooked sectors of consumer finance, including medical collections and landlord-tenant debts. As to medical billing, collections, and credit reporting, Frotman noted […]
Ardagh Metal Packaging (NYSE:AMBP) Seems To Be Using A Lot Of Debt
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ It’s only natural to consider a company’s balance sheet when you examine how risky it […]
lender swoops on Adgemis apartments
Angas Securities has taken control of a Bondi building as the Adelaide-based lender seeks to recoup its funds on a block owned by former KPMG deal-maker Jon Adgemis. Adelaide-based lenders Angas Securities stepped in on Friday to seize the apartment building on Campbell Parade, with plans to sell the four level site rather than accept […]