You Searched For "debt recovery process" and got 20 results
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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
2 mins read
Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy
A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a f…
Lian Kit Wee,Will Martin
5 mins read
Debt recovery best practices: Lessons learned from successful business experiences
Debt collection has always been an obstacle-ridden course for most organisations. The steep rise in…
3 mins read
There may be little to recover in the $300 billion Evergrande debt saga
Liquidators will take control of the company's assets and prepare to sell them in order to repay th…
Huileng Tan,Nidhi Pandurangi
3 mins read
Republicans are poised to play debt-ceiling chicken with Democrats again — and endanger the world financial system in the process
For the second time this fall, Congress is split over raising the debt ceiling. The stakes couldn't…
Ben Winck
3 mins read
A 'Black Swan' investor warns of the biggest debt bubble in history - and predicts the Fed's efforts will end in disaster
Universa's Mark Spitznagel says Treasuries don't offer the best protection for investors, and portf…
Theron Mohamed
3 mins read
Here's how student debt could be redefined by the nation's first debtors' union. Democracy might just get rescued in the process.
Creditors and debtors have a "power relationship masquerading as a relationship of equality," Astra…
Ayelet Sheffey
2 mins read
Mitch McConnell says GOP won't strike a deal with Democrats for the US to pay its bills on time, raising risk of derailing the economic recovery
Republicans voted to raise the debt ceiling under President Trump. They're taking a harder line as …
Joseph Zeballos-Roig
4 mins read
Several top House Democrats want to get rid of the debt ceiling and economic 'hostage taking'
Republicans used the debt ceiling's risk of default to force spending cuts. Some Democrats want to …
Ethan Dodd
3 mins read
Draft data protection bill allows processing sans consent for security, credit scores, debt recovery
New Delhi, Dec 10 () The much-talked about legislation to protect personal data will allow processi…
PTI
4 mins read
Student-loan borrowers are about to be thrown back into repayment, and the economy will suffer — especially if Biden's debt cancellation is struck down
The student-loan payment resumption will be "very bad for the macroeconomy" if borrowers are footin…
Ayelet Sheffey
2 mins read
Biden signs $2.5 trillion debt-ceiling increase — averting economic chaos after last-minute Congress deal
The hike most likely punts the debt-ceiling battle into 2023. The House passed the measure early We…
Ben Winck
2 mins read
Trump urges McConnell to endanger the US economy so Democrats can't pass their spending plan
The former president urged the GOP to use the debt ceiling as a political weapon. That could cause …
Ben Winck,Joseph Zeballos-Roig
3 mins read
Recovery through insolvency process better compared to other options: IBBI chief
Citing an RBI data, he said it indicates that in 2018-19, banks recovered 5.3 per cent, 3.5 per ce…
PTI
3 mins read
Maryland is hiring workers without four-year degrees to curb its labor shortage
There are millions of workers without a college degree, but employers are complaining they can't fi…
Juliana Kaplan,Madison Hoff
3 mins read
Mitch McConnell warns that Republicans won't back down from vow to force Democrats to raise debt ceiling alone: 'Do you guys think I'm bluffing?'
McConnell is determined to resist Democratic pressure to raise the debt ceiling alongside them. The…
Joseph Zeballos-Roig
2 mins read
Your monthly student-loan payments could be lower after Biden's debt cancellation
Student-loan forgiveness isn't the only thing coming for millions of borrowers — a new income-drive…
Ayelet Sheffey
3 mins read
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
2 mins read
Biden's education secretary isn't ruling out an extension of the student-loan payment freeze
Education Secretary Miguel Cardona said it was "not out of the question" to extend the pause on stu…
Ayelet Sheffey
2 mins read
The national debt will nearly double by 2051 if taxing and spending stay the same, CBO says
The CBO's report doesn't account for Democrats' $1.9 trillion stimulus, and could give Republicans …