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Debt Collector

All articles tagged with #debt collector

legalfinancial-dispute1 year ago

"Riley Keough Refuses to Settle Lisa Marie Presley's UK Home Debt"

Riley Keough, in charge of her late mother Lisa Marie Presley's trust, is fighting a debt collector's attempt to make her pay off a $1.6 million loan on a UK property owned by her mother. The bank claims Lisa personally guaranteed payment, but Riley argues that the statute of limitations has expired and that Lisa only guaranteed interest payments, not the outstanding principal. She has filed legal documents to declare that the trust should not be responsible for the debt, and a judge has yet to rule on the matter.

via TMZ|
#debt-collector#legal-dispute#legalfinancial-dispute
international-relations2 years ago

China's Debt Collection Dominance: Lessons Learned and Strategies to Reduce Distressed Debt Exposure

China has become the world's largest debt collector, with developing countries owing between $1.1tn and $1.5tn to China, according to a report. Around 80% of China's overseas lending portfolio is now supporting financially distressed countries. As the debts to Chinese lenders have increased, so have the number of suspended or cancelled projects. China is concerned about the risk of defaults and has introduced measures to mitigate this, including reducing loans for infrastructure projects and increasing emergency lending. Chinese lenders have also increased penalties for late repayments, potentially alienating borrowers. The terms and conditions of Chinese loans are often not transparent, but economists estimate that they typically have a higher interest rate than World Bank loans. China is working to minimize debt distress while safeguarding its Belt and Road Initiative.

via The Guardian|
#belt-and-road-initiative#china#debt-collector