Textile Industry – Kofoti http://kofoti.org/ Fri, 27 Aug 2021 05:51:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://kofoti.org/wp-content/uploads/2021/08/icon-20-150x150.png Textile Industry – Kofoti http://kofoti.org/ 32 32 4 Common Debt Consolidation Mistakes And How To Avoid Them Personal finance https://kofoti.org/4-common-debt-consolidation-mistakes-and-how-to-avoid-them-personal-finance/ https://kofoti.org/4-common-debt-consolidation-mistakes-and-how-to-avoid-them-personal-finance/#respond Tue, 24 Aug 2021 20:35:24 +0000 https://kofoti.org/4-common-debt-consolidation-mistakes-and-how-to-avoid-them-personal-finance/ Getty Images Jackie veling If you have accumulated multiple forms of debt, such as credit cards, medical bills, or personal loans, you may be considering consolidation. Debt consolidation involves consolidating your debts into one payment, usually with a consolidation loan. Not only does this simplify your debt, but if you qualify for a rate low […]]]>








Getty Images


Jackie veling

If you have accumulated multiple forms of debt, such as credit cards, medical bills, or personal loans, you may be considering consolidation.

Debt consolidation involves consolidating your debts into one payment, usually with a consolidation loan. Not only does this simplify your debt, but if you qualify for a rate low enough, you can pay less interest and even get out of debt faster.

Sounds like a no-brainer, right?

While financial experts agree that debt consolidation can be a smart move, it is not without risk. Avoid these four common mistakes when consolidating.

Mistake 1: rushing into debt consolidation

Being in debt is stressful, and it makes sense to want to get out of it as quickly as possible. But rushing into consolidation can cost you money.

Borrowers with higher credit scores tend to benefit from lower interest rates, including when refinancing. That’s why Charles Ho, a California-based certified financial planner and founder of Legacy Builders Financial, says borrowers should look for ways to build credit before consolidating.

When working with clients who want to consolidate, Ho pulls their credit report and identifies what he calls “fruits at hand”: quick fixes with big payoffs. This could be disputing an error or scheduling a few payments on time to reduce credit usage i.e. the amount you owe on revolving credit accounts versus the total credit available from those. accounts.



Source link

]]>
https://kofoti.org/4-common-debt-consolidation-mistakes-and-how-to-avoid-them-personal-finance/feed/ 0
New Tax Bonds Issued As Part Of Puerto Rico’s Latest Debt Restructuring https://kofoti.org/new-tax-bonds-issued-as-part-of-puerto-ricos-latest-debt-restructuring/ https://kofoti.org/new-tax-bonds-issued-as-part-of-puerto-ricos-latest-debt-restructuring/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/new-tax-bonds-issued-as-part-of-puerto-ricos-latest-debt-restructuring/ SAN JUAN, Feb.12 (Reuters) – Puerto Rico’s sales tax finance company known as COFINA on Tuesday issued $ 12 billion in new bonds as a federal court-approved deal enters the bankrupt US Commonwealth and its creditors went into effect, according to island officials. . The adjustment plan approved by U.S. District Court Judge Laura Taylor […]]]>


SAN JUAN, Feb.12 (Reuters) – Puerto Rico’s sales tax finance company known as COFINA on Tuesday issued $ 12 billion in new bonds as a federal court-approved deal enters the bankrupt US Commonwealth and its creditors went into effect, according to island officials. .

The adjustment plan approved by U.S. District Court Judge Laura Taylor Swain on February 4 restructures around $ 17 billion in sales tax-backed debt, letting senior bondholders recoup 93% of their initial investment, while junior bond holders only get 56% back. The island, which is trying to restructure around $ 120 billion in debt and pension liabilities through a form of municipal bankruptcy overseen by Swain, has already gained court approval for a consensual settlement with creditors on about $ 4 billion in debt related to its Government Development Bank (GDB).

According to the supervisory board created by the federal government of Puerto Rico, the COFINA plan will reduce sales tax-backed debt service by $ 17.5 billion over nearly 40 years, allowing the island to ‘save an average of $ 456 million per year.

Future sales tax revenue previously pledged exclusively to COFINA will be split, with 53 percent going to COFINA bondholders and 46 percent going to the Commonwealth government.

The new COFINA bonds were listed on the City Securities Regulatory Council’s disclosure website with maturities in 2047 and 2054.

“Today’s achievement is proof that the government of Puerto Rico can implement creative restructuring solutions that protect the interests of the people of Puerto Rico,” Governor Ricardo Rosselló said in a statement.

The supervisory board said on Tuesday it had certified a budget for fiscal 2019 for COFINA that includes funds to cover past and future operating expenses of the entity.

S&P Global Ratings said last week that the credit quality of the restructured COFINA bonds is tied to Puerto Rico’s long-term credit situation.

“While the COFINA Rules provide some degree of certainty regarding the Commonwealth’s balance sheet, the lack of audited financial statements and the lingering uncertainty regarding pension obligations hamper our ability to assess its long-term solvency.” , S&P said.

The watchdog turned its attention to the island’s core debt of around $ 13 billion in general bonds and nearly $ 50 billion in unfunded pension liabilities.

Last month, the board asked Swain to write off more than $ 6 billion in GO bonds, claiming the debt was issued in violation of Puerto Rico’s Constitution. (Reporting by Karen Pierog in Chicago and Luis Valentin Ortiz in San Juan Editing by Matthew Lewis)



Source link

]]>
https://kofoti.org/new-tax-bonds-issued-as-part-of-puerto-ricos-latest-debt-restructuring/feed/ 0
National Debt Relief obtains an A + rating from the New York Better Business Bureau (BBB) https://kofoti.org/national-debt-relief-obtains-an-a-rating-from-the-new-york-better-business-bureau-bbb/ https://kofoti.org/national-debt-relief-obtains-an-a-rating-from-the-new-york-better-business-bureau-bbb/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/national-debt-relief-obtains-an-a-rating-from-the-new-york-better-business-bureau-bbb/ NEW YORK, Feb. 26, 2015 / PRNewswire / – National Debt Relief (NDR), one of the nation’s leading debt settlement companies, recently received an enhanced rating from the Better Business Bureau (BBB). What was once an A grade is now an A + grade. BBB.org, a trusted business review website is committed to providing customers […]]]>


NEW YORK, Feb. 26, 2015 / PRNewswire / – National Debt Relief (NDR), one of the nation’s leading debt settlement companies, recently received an enhanced rating from the Better Business Bureau (BBB). What was once an A grade is now an A + grade.

BBB.org, a trusted business review website is committed to providing customers with an unbiased reflection of a business’s reliability and reliability. Based on the National Debt Relief page on the BBB website, all of their ratings are based on 13 factors. But the reasons why NDR scored higher are attributed to these four factors:

● Length of service in the debt relief sector.

● Volume of complaints (filed with BBB) against the size of the company.

● Company response to 16 complaints filed with BBB.

● Resolutions obtained for complaints filed with BBB.

Daniel Tilipman, President of National Debt Relief, said, “This achievement has not been easy. It is the result of everyone’s hard work and continued dedication to exceptional and unprecedented customer service. Alex kleyner (CEO) and I are truly touched by everyone’s efforts to make NDR the industry leader in debt resolution, while providing consumers with an experience that makes it much easier for them to sleep every night. “

National Debt Relief has been a BBB accredited company since February 5, 2013. The company achieved this status because it was able to meet BBB accreditation standards. This means that NDR is committed to resolving any consumer complaints filed against them through the Better Business Bureau.

For over 6 years, National Debt Relief has been providing debt solutions to consumers with debt problems. They have helped thousands of consumers get out of debt with affordable repayment plans. Their efforts have resulted in a consistently high rating from the Better Business Bureau.

Consumers looking to regain control of their financial lives with proven debt resolution plans while avoiding bankruptcy can visit http://www.NationalDebtRelief.com or by calling the toll-free number 888-703-4948.

Contact:
Paul ritz
888-703-4948

Logo – http://photos.prnewswire.com/prnh/20150225/177800LOGO

Logo – http://photos.prnewswire.com/prnh/20150225/177801LOGO

SOURCE National debt relief

Related links

http://www.NationalDebtRelief.com



Source link

]]>
https://kofoti.org/national-debt-relief-obtains-an-a-rating-from-the-new-york-better-business-bureau-bbb/feed/ 0
Guardian Debt Relief (United States), Debt Negotiation Services (United States), Premier Debt Help (United States), Freedom Debt Relief (United States) and others – Le Courrier https://kofoti.org/guardian-debt-relief-united-states-debt-negotiation-services-united-states-premier-debt-help-united-states-freedom-debt-relief-united-states-and-others-le-courrier/ https://kofoti.org/guardian-debt-relief-united-states-debt-negotiation-services-united-states-premier-debt-help-united-states-freedom-debt-relief-united-states-and-others-le-courrier/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/guardian-debt-relief-united-states-debt-negotiation-services-united-states-premier-debt-help-united-states-freedom-debt-relief-united-states-and-others-le-courrier/ Credit settlement market Credit settlement market business scenario This report provides comprehensive information on global credit settlement market. Inside you will find the latest information on market patterns, trends, production and value progress, and applications, as well as global trade. The estimate shows the market potential till 2029. The study focused on the global Credit […]]]>


Credit settlement market

Credit settlement market business scenario

This report provides comprehensive information on global credit settlement market. Inside you will find the latest information on market patterns, trends, production and value progress, and applications, as well as global trade. The estimate shows the market potential till 2029. The study focused on the global Credit Settlement Market presents a broad analysis of the current Credit Settlement market size, opportunities, challenges, drivers, patterns as well. as the major players in the Credit Settlement Market. Additionally, it clarifies the Credit Settlement Market concepts and classifications, applications, and chain structure.

As an extension of this information, the report covers different strategic marketing methodologies followed by various market players. Additionally, it clarifies the credit settlement market channels, potential buyers, and marketing challenges. The objective of the Global Credit Settlement Market research report is to present the client with data related to the numbers and elements of the Credit Settlement market. The report will help its readers to make strategic manufacturing decisions and secure a competitive edge in the market.

An example of this report is available on request @ https://www.regalintelligence.com/request-sample/221910

The credit settlement market research identifies the basic components that affect the development of the credit settlement industry. . Long-term analysis of the total market share of credit settlement regions and districts is covered by credit settlement market research reports. In addition, it includes attractive market type figures for credit settlement and market cycle status.

Major players covered in this report:

Guardian Debt Relief (US), Debt Negotiation Services (US), Premier Debt Help (US), Freedom Debt Relief (US), National Debt Relief (US), Rescue One Financial (US) United States), ClearOne Advantage (United States),…

The report will be useful in monitoring development factors, weaknesses, threats, and attractive opportunities that the market will offer during the forecast period. The report also includes revenue, industry size, share, production volume, to gather information on legislative and regulatory issues.

Segmentation of the global credit settlement market:

The report presents the critical situation among major players in the Credit Regulation market, their organizational profile, revenue, transactions, business strategies, and estimated situations of the Credit Regulation industry. It describes the production capacity, application, type and cost. Ultimately, clarifies the competitive advantage and revenue generating key regions, value, revenue and consumers of the credit settlement target market. Coupled with transactional advantage, the report also exhibits significant demand among major players, regions, and for each type of product.

Main type of credit settlement covered
Credit card debt
Student loan debt
Others
Application segments covered
Business
Housework

Contact us to quote the effective price for this report (UP TO 30% DISCOUNT) @ https://www.regalintelligence.com/check-discount/221910

Competitive analysis of market credit settlement:

The study also brings together the entire credit settlement market on the principle of training producers of various kinds, different applications and assorted geographic areas.

The global credit settlement market is represented by the presence of worldwide notables and local credit settlement dealers.

These have created players in the credit settlement market that have huge core assets and credit settlement research assets.

Likewise, all players in the credit settlement market are focused on advancing new technologies and methodologies. Indeed, this will improve the critical situation of the global Credit Settlement market.

The study presents the market growth rate, size and forecast in the world along with the geographic economies: North America, Europe, Asia-Pacific, South America, Middle East and Africa.

The index of the Chapter of the Credit Settlement Market:

Contents:

– Market synopsis

– Principle results

– Introduction

  • PEST / SWOT analysis
  • Elements influencing the market
  • Market size and trends
  • Market segmentation :

– Evaluation

– Remediation

  • Regional market analysis
  • Industry Snapshot
  • Company Profiles
  • Summary

About Us:

We, Regal Intelligence, aim to change the dynamics of market research backed by quality data. Our analysts validate data with exclusive qualitative and analytical intelligence. We meticulously plan our research process and execute it to explore the potential market for insightful details. Our main goal is to provide reliable data based on public surveys using data analysis techniques. If you’ve been here, you might be interested in some very reliable, data-driven market information for your product / service, contact us here 24/7.

Mention your questions here to receive a call from our industry expert @ sales@regalintelligence.com

Contact us:
Royal intelligence: www.regalintelligence.com
Phone. : +1 231 930 2779 (United States) | +44 141 628 8787 (UK)



Source link

]]>
https://kofoti.org/guardian-debt-relief-united-states-debt-negotiation-services-united-states-premier-debt-help-united-states-freedom-debt-relief-united-states-and-others-le-courrier/feed/ 0
Financial product: Deed of acknowledgment of debt and settlement agreement https://kofoti.org/financial-product-deed-of-acknowledgment-of-debt-and-settlement-agreement/ https://kofoti.org/financial-product-deed-of-acknowledgment-of-debt-and-settlement-agreement/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/financial-product-deed-of-acknowledgment-of-debt-and-settlement-agreement/ ANDREY BORTNIKOV / 123RF Failing under massive debt can feel like you’re serving a prison sentence. A “Deed of Debt and Settlement Agreement” may be the key to eventually breaking free. Product: Deed of acknowledgment of debt and settlement agreement How it works: One of the foolproof rules of life is that some of the […]]]>


Failing under massive debt can feel like you're serving a prison sentence.  A  "Deed of acknowledgment of debt and settlement agreement" may be the key to finally breaking free.

ANDREY BORTNIKOV / 123RF

Failing under massive debt can feel like you’re serving a prison sentence. A “Deed of Debt and Settlement Agreement” may be the key to eventually breaking free.

Product: Deed of acknowledgment of debt and settlement agreement

How it works: One of the foolproof rules of life is that some of the people who borrow money from banks fail to repay. It won’t always be their fault if they fall behind. Difficult times sometimes strike without anyone being to blame.

The case of a man who owed Westpac $ 275,321.98 in mortgage, credit card and business debt has come to light in a rather bizarre court case. The man encountered financial problems and defaulted on his debts.

Banks have a range of options, including debtor bankruptcy. A much less drastic option is for the lender to enter into an agreement with the borrower. This is recorded in a “Deed of Acknowledgment of Debt and Settlement Agreement”.

These acts have a lot in common with loan agreements. They set out the indebtedness and obligations of the debtor as a result of the transaction.

In the man’s case, the bank agreed to accept $ 50,000 in five equal installments from him over the next five years. Once the final $ 10,000 payment was made, he would be released from debt.

However, these deeds are complex legal documents and, like mortgages, they include “default” clauses to keep the debtor focused on his payments.

In the case of this deed, a default clause stipulated that the entire debt became due immediately if any of the dates of the $ 10,000 payments were missed. In addition, the deed made the debtors responsible for paying the fees that the bank had to pay for the execution of the deed. There is nothing strange about these things. They are in standard mortgage contracts.

Despite the deal he made with the bank – which effectively allowed the man to repay just under a fifth of the amount he owed – he did not make the payments he would have. had to have under the deed, which he signed in 2010.

The bank appears to have been patient with the man over the missed payments until he tried through a series of letters containing claims Westpac called “pseudo-law” that his debt to the bank had been acquitted.

His arguments found no favor earlier this month at the Auckland High Court, where Associate Judge Roger Bell delivered a judgment saying that due to defaults under the deed, all of the remaining debt – approximately $ 254,681.98 – was to be paid immediately, along with charges in excess of $ 15,000.

Verdict: The Bell judgment provides insight into how these acts are structured and, unfortunately, how they can be executed if the debtor fails to repay. He also reminds debtors that even if their lives deteriorate, it may be possible to get lenders to make a deal to pay back less than they owe.



Source link

]]>
https://kofoti.org/financial-product-deed-of-acknowledgment-of-debt-and-settlement-agreement/feed/ 0
How to deal with old, recurring debts https://kofoti.org/easy-same-day-payday-loans-same-day-payday-loans-near-me-complete-our-form/ https://kofoti.org/easy-same-day-payday-loans-same-day-payday-loans-near-me-complete-our-form/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/how-to-deal-with-old-debts-that-recur/ In many ways, student loan are the gift to keep on giving. Although they are able to fund your college education and help you get a degree in the field, they often stay in your life for many decades. Forbes reported recently that the current rate of arrears for arrears greater than 90 days is 11.4%. More […]]]>

In many ways, student loan are the gift to keep on giving. Although they are able to fund your college education and help you get a degree in the field, they often stay in your life for many decades.

Forbes reported recently that the current rate of arrears for arrears greater than 90 days is 11.4%. More than 1.3 million borrowers owe over six figures on student loan debts.

Many seniors struggle to repay student loans. Thousands of people are also able to benefit from income-based loan repayment plans which require payments for 20 to 25 year. It is a long time to repay any debt, other than the mortgage you own. Get more information from dedebt.com.

But what happens if student loans seem gone but then suddenly appear? A Zombie debt is any debt that has either expired or been paid off and then reappears.

Zombie hand reaches through crack in wall. Horror and frightening movie concept. Halloween theme. Your green … [+] like a ghost movie

Getty

How student loans are transformed into zombie debt

Most types debt have a statute that limits the amount of time creditors can sue you. Federal student loans used to have a reasonable limit of six year until 1991. However, that term was temporarily lifted in 1991 and federal student loan creditors could suddenly sue for their debts forever.

Private student loans must be repaid within the statute of limitations. This varies from state to state. The statute of limitations in most states for written loan agreements is 3 to 10 years.

Zombie debt may come into play in many different ways. First, creditors could sue for a loan that is not yet paid off. Some cases may not allow you to show that you have completely paid off the loan. This is especially true if the debt is more than a decade old.

Although a creditor may not be allowed to sue for debt collection, it doesn’t necessarily mean that he won’t try. Many times, a new lender will buy back old debts in exchange for a small portion of the amount owed. They then use aggressive tactics and try to get your money. Although harassment of creditors is prohibited, some collection companies are able to push the boundaries.

How to manage Zombie Student Debt

Your best option depends on the type of student loan you have. While the tips below may not work for you, it is something to consider.

Take advantage of federal loans to get started

Federal student loans don’t expire. You should not ignore them. If you don’t sign up for the program or begin making payments in good conscience, the federal government can seize your wages. They may also request your tax returns and Social Security benefits.

It is possible to look into programs that will temporarily suspend your student loan payments. Another option is an income-based plan, which allows you to pay a certain percentage of your “discretionary” income for 20 to 25 year. You will not be able to repay your loans at the moment. However, you will have income tax to be paid on the amounts that were remitted.

If you are in default on student loans, you will need to consolidate or rehabilitate those loans.

Ask for proof of debt

Ask for documentation proving that your private student loans are owed if they have been revived by a creditor. Send a certified copy of your request for information. Include the original loan note and the name of your original creditor. The borrower’s name, the account number, the amount owed today and the payment history.

You should never acknowledge the debt nor accept that it is yours. Consumer Financial Protection Bureau has sample letters.

If the debt is not within the statute of limitations, the creditor can’t collect it.

Also, note:NotMake payment for student loan debts that are considered “zombie” and have not expired. This will “restart” the clock on your debt so it is no longer exempted from collection.

Take the initiative to pay off the debt

It is possible to settle for less if you have a student loan with a zombie lender. This is because creditors often buy these old debts at pennies a piece, so even a modest settlement amount from them could get them out.

Accept any settlement offer you receive that is reasonable and acceptable. You may need to review the written settlement offer once you have received it. This will ensure that there are no hidden “pitfalls” or omissions.

You can also request the deletion of the default from your credit report in return. This can improve your credit score, especially after you settle debt.

Contact a lawyer

You may want to consult a lawyer, regardless of what. A qualified professional can help to understand the limitations on your state’s debt and make an action plan that will get rid of it.

An experienced lawyer can help answer your questions, and guide you in the right direction.

This is mandatory if a lender is suing you for past debt. You have the option to handle the dispute yourself but this opens you up to a lot of possibilities. While a lawyer can be costly, it may be worthwhile.

Conclusion: keep your loan documents

Important to remember is that even after your loan is paid off, some zombie debts may still exist. This can occur due to an error in processing or administrative procedures, and nobody is immune.

You can avoid getting into a situation where you are in a state of zombie debt. Keep your documents, especially those for student loans, as well as any other loans. When you pay off any loan or debt, ensure you get a written statement that shows the $ 0 balance. Also keep this document safe.

If you are contacted by a creditor about a debt that needs to be repaid in future, you’ll need to have the required documents to prove it. If you lose your loan documents, you will need to show proof that you’ve paid your loan off. It can be challenging to pay off a loan when many years have passed.

]]>
https://kofoti.org/easy-same-day-payday-loans-same-day-payday-loans-near-me-complete-our-form/feed/ 0
Ministers and civil servants named in the update of the class action against robo-debts https://kofoti.org/ministers-and-civil-servants-named-in-the-update-of-the-class-action-against-robo-debts/ https://kofoti.org/ministers-and-civil-servants-named-in-the-update-of-the-class-action-against-robo-debts/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/ministers-and-civil-servants-named-in-the-update-of-the-class-action-against-robo-debts/ Gordon Legal’s class action lawsuit against the Commonwealth of Australia over the Centrelink Online Compliance Intervention (OCI) program, colloquially known as robo-debt, was scheduled to begin on September 21, 2020, but the lawsuit was postponed to allow applicants to file an amended return. In the amended statement, Gordon Legal alleged that two Australian ministers and […]]]>


Gordon Legal’s class action lawsuit against the Commonwealth of Australia over the Centrelink Online Compliance Intervention (OCI) program, colloquially known as robo-debt, was scheduled to begin on September 21, 2020, but the lawsuit was postponed to allow applicants to file an amended return.

In the amended statement, Gordon Legal alleged that two Australian ministers and a handful of government officials knew robotic debt was causing damage to vulnerable Centrelink clients.

The Department of Human Services, now Services Australia, launched the Data Matching Work Program in 2016, which saw the automatic issuance of debt notices to those who receive social benefits through the Centrelink program.

From July 1, 2016 to August 31, 2019, Centrelink’s OCI program saw 1,159,662 evaluations have been launched using automated data matching technique.

The amended statement alleges that former Social Services Minister Alan Tudge was aware that the robo-debt notifications contained errors on the part of the department.

The amendment also alleges that the Commonwealth was aware of the vulnerability status of its clients, as this knowledge could be inferred from the eligibility criteria for receiving financial assistance. He added that any recovery by the Commonwealth of an alleged overpayment could lead to significant financial hardship.

Further, the claim alleges that the department knew its bi-monthly averaging practices were flawed in February 2015, and that in March 2017, Tudge learned that 33% of robotic debt “had fallen to AU $ 0 upon review.” .

According to the applicants, two ministry officials – Director of Social Services Operations Annette Musolino and Malisa Golightly, who is currently Deputy Secretary for Immigration and Settlement Services at the Home Office – were informed in March 2017 of ‘a draft ombudsman recommendation with respect to the OIC system that the Commonwealth “should … further consider how to mitigate the risk of possible excessive debt collection”.

The allegation said the two officials never sought to challenge or qualify the recommendation, and neither did Tudge, when told about it in April.

The complaint further accuses the department of having been informed 76 times by the Administrative Appeals Tribunal (AAT) that Centrelink robo-debts had been rejected on the grounds that the presumption of fortnightly income could not legitimately justify the existence of a debt. The petitioners allege that the Commonwealth acted unlawfully in determining and enforcing any overpayment of debt, demanding or demanding repayment and collecting the alleged debt.

“The Commonwealth had and has no statutory or other authority to levy and collect or seek to collect any overpayment debt, or to impose a penalty therefor, in respect of any claimant or member of the group “, indicates the request.

“The Commonwealth was aware of these cases (including their illegality) because: it participated in the Administrative Appeals Tribunal reviews in which it asserted an overpayment and chose not to appeal or not to revise (AAT decisions concerning illegal debts), including the 76 decisions, ”he adds.

The amended claim lists dozens of situations in which clients threatened to self-harm or even kill themselves in response to receiving a debt letter. He also alleges that Tudge learned in July 2017 that a “DHS beneficiary committed suicide” after receiving a robo-debt notification.

Tudge ended his term as Minister of Social Services in December 2017 and is currently Minister of Population, Cities and Urban Infrastructure.

The claim also accuses former Minister of Families and Social Services Paul Fletcher of knowing that a certain ATO payment differential was not an overpayment.

Gordon Legal launched the robo-debt class action lawsuit in November last year on behalf of five representative candidates and hundreds of thousands of people included in the case as panel members.

The essence of the plaintiffs’ thesis is that the debts raised by robo-debts are illegal and that all beneficiaries should be compensated by the federal government. Gordon Legal previously sought interest payments and damages, but is now seeking exemplary damages due to the government’s continued management of the program in light of its new claims.

Instead of the class action kicking off on Monday, another case management hearing was heard instead to discuss the amended claim. The Commonwealth, represented by Michael Hodge QC, said the plaintiffs “were trying to conduct a case outside of the case at hand.”

“They did not plead knowledge or reckless indifference to actual illegality. They pleaded knowledge of other things concerning Minister Tudge,” Hodge said.

During the hearing, Judge Bernard Murphy said that given Hodge’s emphasis on the allegations against Tudge, compared to the other new allegations, the judge noted that “there was probably some substance in the complaint, otherwise [Hodge] wouldn’t have pushed him as hard as [he did]”.

“I am getting frustrated with the pleadings battle in this case. I am frustrated by both sides… on the plaintiffs’ side, the pleading has shifted; it was not detailed enough… I suspect that when you are confronted with Mr. Hodge complaints about your submissions that you will find that some of them are outside of the case pleaded, ”Murphy said.

“On Mr. Hodge’s side, there is quite a bit of strategy in all of this … my goal is to give both parties a fair opportunity to present their case and to make sure the Respondent understands the matter that is being brought. against her.

“It affects hundreds and thousands of people.”

Commonwealth officials will have until Friday to provide a list of their issues with the amended return, while applicants will have until October 2 to respond. In the meantime, another case management hearing has been set for Thursday.

MORE ABOUT THE CLASS ACTION



Source link

]]>
https://kofoti.org/ministers-and-civil-servants-named-in-the-update-of-the-class-action-against-robo-debts/feed/ 0
Facing a Debt Lawsuit? Here’s how to avoid going to court https://kofoti.org/facing-a-debt-lawsuit-heres-how-to-avoid-going-to-court/ https://kofoti.org/facing-a-debt-lawsuit-heres-how-to-avoid-going-to-court/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/facing-a-debt-lawsuit-heres-how-to-avoid-going-to-court/ Courts in New Mexico are launching a statewide program in September that uses technology to help people resolve consumer debt lawsuits faster and avoid going to court. “It’s called online dispute resolution (ODR),” said Barry Massey, public information officer for the New Mexico Courts Administration Office. “We believe it’s faster, cheaper and a more convenient […]]]>


Courts in New Mexico are launching a statewide program in September that uses technology to help people resolve consumer debt lawsuits faster and avoid going to court.

“It’s called online dispute resolution (ODR),” said Barry Massey, public information officer for the New Mexico Courts Administration Office. “We believe it’s faster, cheaper and a more convenient alternative to traditional hearings or trials.”

The type of eligible lawsuits would include a hospital suing for unpaid medical bills or a bank seeking payment in court for credit card debt, he said.

Chief Justice Angie Schneider of New Mexico's 12th Judicial District sees benefits for all parties in the online dispute resolution process.

“There have been approximately 31,000 of these cases filed statewide over a 12-month period from April 2018 to April 2019, in district courts and lower courts,” he said. .

In New Mexico, a plaintiff, the person pursuing a case, files in district court if it is a civil case involving less than $ 10,000, and in district court, if it is This is more, he explained.

“It all depends on the amount of debt in these cases that someone is trying to collect,” he said.



Source link

]]>
https://kofoti.org/facing-a-debt-lawsuit-heres-how-to-avoid-going-to-court/feed/ 0
What if your unpaid debt is in collection? https://kofoti.org/what-if-your-unpaid-debt-is-in-collection/ https://kofoti.org/what-if-your-unpaid-debt-is-in-collection/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/what-if-your-unpaid-debt-is-in-collection/ Let’s face it: Sometimes an invoice goes unpaid. Maybe you didn’t have enough money for a utility bill and decided to shoulder the consequences later, or maybe a medical bill got lost in a pile of mail. You may have moved and never received the invoice. Whatever the reason why your unpaid invoice has been […]]]>


Let’s face it: Sometimes an invoice goes unpaid. Maybe you didn’t have enough money for a utility bill and decided to shoulder the consequences later, or maybe a medical bill got lost in a pile of mail. You may have moved and never received the invoice.

Whatever the reason why your unpaid invoice has been collected, it is important to process your collection notice now. If you don’t, you could end up in court and with damaged credit for years to come. Read on to find out what to do if your unpaid debt is in collection.

Why your debt went into collection

When you haven’t paid off an unsecured debt, there is nothing the creditor can take away from you if you don’t pay, so they send your balance to a collection agency for payment. “The hope is that someday we’ll have to use our credit and want to pay this account off so that we can get the loan or service we’re asking for,” says Becky House, director of education and communications for the credit counseling agency.American financial solutions.



Source link

]]>
https://kofoti.org/what-if-your-unpaid-debt-is-in-collection/feed/ 0
Iranian Debt Prevents Zaghari-Ratcliffe’s Release, Husband Says | Nazanin Zaghari-Ratcliffe https://kofoti.org/iranian-debt-prevents-zaghari-ratcliffes-release-husband-says-nazanin-zaghari-ratcliffe/ https://kofoti.org/iranian-debt-prevents-zaghari-ratcliffes-release-husband-says-nazanin-zaghari-ratcliffe/#respond Fri, 07 May 2021 04:37:15 +0000 https://kofoti.org/iranian-debt-prevents-zaghari-ratcliffes-release-husband-says-nazanin-zaghari-ratcliffe/ The release of Anglo-Iranian binational Nazanin Zaghari-Ratcliffe delayed by British government agency engaging in “all legal roadblocks to delay and minimize payment” to Iran a recognized debt of £ 400 million, said lawyers for her husband, Richard Ratcliffe. Zaghari-Ratcliffe, accused of espionage, was held in a Tehran prison, sometimes in solitary confinement or on hunger […]]]>


The release of Anglo-Iranian binational Nazanin Zaghari-Ratcliffe delayed by British government agency engaging in “all legal roadblocks to delay and minimize payment” to Iran a recognized debt of £ 400 million, said lawyers for her husband, Richard Ratcliffe.

Zaghari-Ratcliffe, accused of espionage, was held in a Tehran prison, sometimes in solitary confinement or on hunger strike, since 2016.

The complaint about the agency – International Military Services – was made in a letter sent to the Secretary of Defense, Ben wallace, which, in its ministerial role, controls 99% of the IMS. The top-secret IMS now exists only as a way to deal with a £ 400million debt that an international tribunal has forced the government to accept it owed to Iran.

The debt arose out of the fact that Britain reneged on a contract in 1979 to provide Iran with an order for 1,000 Chieftain tanks and armored vehicles.

As a backbench MP, Wallace called on the government to speed up debt payments to Iran, but since becoming Secretary of Defense he has not responded or taken note of the letter sent by Ratcliffe on September 6 outlining how the government “played legal and political games which have been a major cause of Iran’s retaliatory tactics against innocent individuals like Nazanin”.

The letter says the Ratcliffe family find it extremely frustrating that the government claims to be doing everything in its power to secure his release, but in reality has not “explored obvious possible solutions.”

Since a decision of the Permanent Court of Arbitration in The Hague in 2001, which was reviewed in 2009, the UK has paid money to the tribunal but insists it cannot transfer the sum to the Iranian branch of the Ministry of Defense Modsaf because the branch has become subject. to EU sanctions in 2008.

The letter from Ratcliffe’s lawyers states:

  • IMS has collected inflation-adjusted interest of £ 350-400 million since 1979 from investments made with cash owed to Iran.

  • The treasury office responsible for implementing financial sanctions has delayed taking any decision on a pending Iranian government request, first made on March 14, 2017, to pay off the £ 400million debt to the Iranian central bank, an unsanctioned body.

  • Iranian justice in the Zaghari-Ratcliffe case, including during hearings calling for his release, has at least three times explicitly linked his fate to the payment of his debt. Arrests or accusations of others linked to the UK by the Iranian regime may be directly linked to UK legal developments in the payment of debts.

  • Debt payment could be made in kind through humanitarian aid or through an authorized exemption from the EU sanctions regime.

  • After successfully resisting an Iranian legal claim that the UK must also pay interest on the sums it owes Iran, IMS is now threatening to suspend payment of the money altogether, even though the sanctions against Modsaf are lifted.

The lawyers write: ‘It is alarming that the UK government is spending money and resources on making technical legal arguments in court to avoid paying an amount which they fully recognize is owed, instead to try to find a way to pay off the debt.

“It is striking, and will not be lost on Iran, that IMS apparently profited from non-payment of IMS debt for an amount equivalent to IMS debt. No wonder Iran sees the whole thing as the UK government playing legal and political games, which is a major cause of Iran’s retaliatory tactics against individuals. innocent like Nazanin.

Describing the Treasury’s failure to make a decision on a permit to pay the debt as unfathomable, they argue: “It is clearly within the powers of the government to make an exception for such a payment and it is difficult to imagine the circumstances. ‘a more pressing need. “

The lawyers add: “The government’s inconsistent back-and-forth over the payment of unpaid IMS debt has had manifestly disastrous consequences, not only for Nazanin but for other British citizens. Such political maneuvering is both reckless and reminiscent of the government’s action towards Iran in the 1980s. ”

In the letter, Ratcliffe called for meetings with the Secretary of Defense and government legal advisers, a Commons statement setting out the government’s position on IMS debt and assurances that the Secretary of Defense had been fully informed by its officials on the matter.

The Defense Ministry said, “This is a long-standing affair and concerns contracts signed over 40 years ago with the pre-revolution Iranian regime. Funding to settle the debt was provided to the High Court by the Treasury and IMS in 2002. It would be inappropriate to comment further as the litigation continues.

Government sources said efforts were underway to arrange a meeting with Ratcliffe at the top level, as requested.



Source link

]]>
https://kofoti.org/iranian-debt-prevents-zaghari-ratcliffes-release-husband-says-nazanin-zaghari-ratcliffe/feed/ 0