Raízen: the request for extrajudicial recovery raises alarm for sugarcane producers on the eve of the new harvest
Raízen's request for extrajudicial recovery, amid substantial debts, has raised concerns among sugarcane producers in Brazil.
ECB: From Grexit to Grecovery – Greece out of crisis, but with persistent 'thorns'
Greece has shown impressive recovery as one of Europe's remarkable examples, but the exit from the crisis is not yet complete due to low citizen incomes and institutional weaknesses.
Mum pays off £35k debt after impulse spending illness finally diagnosed
Georgie Howe, a 32-year-old mother, manages to pay off a £35,000 debt linked to impulse spending after being diagnosed with ADHD.
New regulation for primary residence: 'Haircut' of debts and lower installments
The Greek government announces a new regulation protecting primary residences by allowing debtors to prioritize their homes over other assets.
External Debt: Senegal Avoids Default and Settles Part of Its Claims
Senegal has successfully avoided a payment default by settling nearly half a billion dollars in international debt obligations this week, indicating a positive turn for its financial recovery efforts with the IMF.
Corporate default rises and increases the hunt for hidden assets
The increase in corporate defaults in Brazil is prompting a rise in the search for hidden assets to settle debts, as highlighted by experts involved in recent investigations.
Moody’s: What "thorns" it identifies in the Greek economy - The risks, the dangers
Moody's assessment highlights ongoing concerns regarding Greece's high public debt and the impact of delayed reforms on economic growth after the Recovery and Resilience Fund ends.
São Paulo Justice Accepts Raízen's Extrajudicial Recovery Plan
The São Paulo court has approved Raízen's request for an extrajudicial recovery plan to renegotiate R$ 65 billion in debts with creditors.
After nearly three years, the robodebt report’s secret chapter has been unsealed. What does it reveal?
The recently unsealed chapter of the robodebt royal commission report reveals potential corruption among public officials involved in the unlawful Centrelink debt recovery scheme.
Raízen's debt securities are sold at 60% discounts
Investors are rapidly selling Raízen's agribusiness receivables certificates and debentures at substantial discounts following the company's announcement of extrajudicial recovery.
LAWSUIT: The District Court "writes off" two unpaid loans. How did the debtor escape unscathed?
A recent court case in Liepaja, Latvia involved the dismissal of a debt recovery claim against a debtor, raising questions about legal nuances that allow borrowers to evade repayment.
Debtors with Delinquency Under 50 Million Won Will Have Their Obligation to Pay Waived
A new system is being implemented to relieve debtors with delinquent amounts under 50 million won from their obligation to pay, aimed at supporting their economic recovery.
After announcement of extrajudicial recovery for debts of R$ 65.1 billion, Raízen promises to maintain staff
Raízen has announced an extrajudicial recovery process to renegotiate R$ 65.1 billion in debts but assures no layoffs will occur during the process.
Raízen saw its debt soar by investing in Oxxo and second-generation ethanol
Raízen has filed for extrajudicial recovery to restructure its R$ 65 billion debt, largely due to investments in second-generation ethanol and new technologies.
Court accepts Grupo Pão de Açúcar's extrajudicial recovery request
Grupo Pão de Açúcar (GPA) has had its request for extrajudicial recovery accepted by the court, aiming to restructure its finances and renegotiate R$ 4.5 billion in debts.
Bradesco, Santander and BNP Paribas are among the largest creditors of Raízen
Bradesco, Santander, and BNP Paribas are significant creditors of Raízen, which has filed for judicial recovery to restructure approximately $12.6 billion in debt.
Raízen becomes the largest case of extrajudicial recovery in Brazil
Raízen has filed for the largest extrajudicial recovery in Brazilian history, aiming to renegotiate debts amounting to R$ 65 billion.
São Paulo Justice accepts GPA's extrajudicial recovery request
The São Paulo court has accepted GPA's extrajudicial recovery request, allowing the company to restructure its debts amounting to R$ 4.5 billion.
Raízen's shares plummet by up to 17% and enter auction after extrajudicial recovery request
Raízen's shares dropped over 17% after the company filed for extrajudicial recovery due to its high debt level.
Raízen and Grupo Pão de Açúcar request extrajudicial recovery; understand the differences between the processes
Two major Brazilian companies, Raízen and Grupo Pão de Açúcar, have filed for extrajudicial recovery to renegotiate debts and restructure their finances.
High debt, adverse climate, and risky bets: understand the Raízen crisis
Raízen has filed for extrajudicial recovery to reorganize approximately R$ 65.1 billion in debts after facing financial pressures and operational difficulties.
With R$ 65.1 billion in debt, Raízen files for extrajudicial recovery
Raízen has filed for extrajudicial recovery amid negotiations with creditors to restructure its significant debt of R$ 65.1 billion and improve the company's cash flow.
Reps query foreign airlines’ N18.98bn debt, give FAAN two-week recovery deadline
The Nigerian House of Representatives Committee on Finance has given the Federal Airports Authority of Nigeria a two-week deadline to recover N18.98 billion owed by foreign airlines.
Raízen files for extrajudicial recovery to renegotiate R$ 65 billion debt
Raízen has filed for extrajudicial recovery to renegotiate its R$ 65 billion debt amid financial challenges.
CEO of Pão de Açúcar tries to calm suppliers: 'I have already spoken to more than 20 today'
The CEO of Grupo Pão de Açúcar, Alexandre Santoro, is actively engaging with suppliers to reassure them following the company's announcement of entering into extrajudicial recovery to renegotiate $4.5 billion in debts.
Will Pão de Açúcar Close? How Much Debt Is There? Understand the GPA Crisis
The GPA Group, responsible for the Pão de Açúcar supermarket chain, has reached an agreement with creditors to propose an extrajudicial recovery plan to manage approximately R$ 4.5 billion in debts.
GPA files for extrajudicial recovery and cites debts of R$ 4.5 billion
Grupo Pão de Açúcar (GPA) has filed for extrajudicial recovery and announced debts totaling R$ 4.5 billion after reaching an agreement with its major creditors.
GPA reaches agreement with creditors for an extrajudicial recovery plan of R$ 4.5 billion
Grupo GPA has reached an agreement with key creditors for an extrajudicial recovery plan to address R$ 4.5 billion in debts, aiming to reorganize its finances without entering judicial recovery.
Raízen says it is evaluating a R$ 4 billion investment and may request extrajudicial recovery
Raízen is considering a R$ 4 billion investment from Shell and Aguassanta Investimentos as it faces rising debt.
Stamp duty scheme slammed by ACT Auditor-General
The ACT Auditor-General has criticized the stamp duty concession scheme for its complex rules and poor communication, which has resulted in financial hardship for some Canberrans.
Money, including debts, can no longer be a taboo topic in Poland
A report discusses the current state of household debt in Poland, highlighting that overdue debts are significant but show signs of recovery amid improved economic conditions.
Tim accelerates on revival. Launch of the turnaround on dividends: "Half a billion by 2027"
Tim has announced a significant turnaround, forecasting a cash dividend of half a billion euros to be paid out in 2027, marking a stark recovery from its previous debt struggles.
'Does Selling Delinquent Debt Mean the End?... Asking Financial Companies About 'Customer Protection Responsibility' for Original Debts
Financial companies will still bear customer protection responsibilities even after selling delinquent debts to collection agencies, aiming to prevent excessive recovery practices against those who have fallen behind on payments.
South Africa's debt stabilises for first time in 17 years
South Africa's debt is stabilizing for the first time in 17 years as the Finance Minister announces plans for a budget increase aimed at boosting security spending.
Debtors' Assets to Go on E-Auctions
The Polish government has approved a bill to launch an e-auction portal that will enhance the transparency and efficiency of debt recovery processes.
Major rule change for drivers will create 'parking free for all'
Proposed changes to parking regulations in Britain may lead to significant operational disruptions for parking companies and increased congestion in urban areas.
Do not exceed '5 days' of loan delinquency... If repayment is difficult, consider debt adjustment
The article emphasizes the importance of addressing loan delinquencies promptly and exploring debt adjustment options if repayment becomes difficult.
Clean Name Fair: how to negotiate debts with up to 99% discount in Ceará
The Clean Name Fair in Ceará allows over three million consumers to negotiate debts with significant discounts until April 1, 2026.
Azul says judicial recovery reduced debt by 1.1 billion dollars in loans and financing
Azul Linhas Aéreas has reported a significant reduction of 1.1 billion dollars in its debt following its judicial recovery process.
Ghana: GWL Deploys 200 Service Personnel to Recover GH¢866m Debt, Boost Digital Payments
Ghana Water Limited has launched an initiative deploying 200 service personnel to recover GH¢866 million in debts and promote digital payment systems.
From a credit score in the 200s to 980... Life changed by credit recovery support
A credit recovery program in South Korea has significantly improved the credit scores and lives of individuals previously burdened by debt and low credit scores, allowing them to reenter normal financial activities.
East Africa: Ethiopia, France Deepen Strategic Partnership With Landmark Debt Restructuring
Ethiopia and France have fortified their strategic partnership by signing key agreements aimed at advancing Ethiopia's economic reforms and debt restructuring.
NDIC steps up debt recovery from failed banks
The Nigeria Deposit Insurance Corporation is intensifying efforts to recover outstanding loans from debtors of failed banks using new powers from the NDIC Act 2023.
The executor seized man’s retirement savings, which he had saved from non-seizable minimums. It’s alright, said the Constitutional Court.
The Czech Constitutional Court upheld the seizure of a man's retirement savings, stating it was permissible even though the savings were derived from a non-seizable income.
Man attacked over R$ 200 remains in ICU in critical condition, says family
Sebastião Lima Ferreira, a 55-year-old man who was assaulted after demanding payment of a R$ 200 debt in Ceilândia, remains in the ICU in critical condition according to his family, who report no hope for his recovery.
Student loans in recovery exceeded 100 million last year
Last year, over 100 million euros in student loans went unpaid, affecting nearly 9,000 borrowers, prompting Kela to step in as a guarantor.
Claimed by Fictor as the main creditors deny debt with the company
Sefer Investimentos has filed a petition asserting it is not a creditor in Fictor's judicial recovery process, disputing the accuracy of the debt listing provided by Fictor which claims a debt of R$ 430 million.
Palmeiras terminates contract with Fictor after judicial recovery request
Palmeiras has announced the termination of its sponsorship contract with Fictor, citing the company's contractual default and its judicial recovery request due to over R$ 4.2 billion in debt, including R$ 2.6 million owed to the club.
Fictor files for judicial recovery, with a debt of R$ 4 billion
The financial holding Fictor filed for judicial recovery in São Paulo on Sunday, citing a total debt of R$ 4 billion and seeking urgent protective measures to suspend executions and blockages.
Sánchez announces the creation of a 'sovereign fund' with a base of 10.5 billion euros
Spanish President Pedro Sánchez has announced the establishment of a 'sovereign fund' with an initial base of 10.5 billion euros aimed at mobilizing 120 billion through private debt from national and international investors beyond 2026.