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Financial Obligations

All articles tagged with #financial obligations

legalfinancial1 year ago

"Trump's High-Stakes Battle: The $464m Bond and New York Property Seizure"

Donald Trump faces a financial crisis as he struggles to secure a $464m bond after losing a civil fraud trial in New York, with 30 companies unwilling to help. His legal team is seeking to block enforcement while he appeals, but the companies are hesitant due to the large bond size and risk associated with his properties. New York Attorney General Letitia James is prepared to target his assets to collect the $464m judgment, and Trump's legal battles raise questions about his finances and fundraising efforts for his legal fees and potential presidential campaign.

via The Independent|
#civil-fraud-case#donald-trump#financial-obligations
politics-legal1 year ago

"Trump's Legal Battles: The $500 Million Financial Setback"

Donald Trump faces legal obligations exceeding $500m after a civil fraud trial defeat, with questions arising about his ability to pay. Trump remains defiant, vowing to win an appeal against the ruling. His legal debts, including interest, are estimated at about $542m. Speculation arises about using campaign cash from the Republican National Committee to pay off some of the debt. Trump's net worth is estimated at $2.3bn, but it's unclear how much cash he has on hand. The ruling also makes it difficult for any family member to run the Trump Organization in the near future.

via The Guardian US|
#civil-fraud-case#donald-trump#financial-obligations
labor-relations2 years ago

Teamsters Threaten Strike as Yellow Corp. Skips $50 Million in Benefits Contributions

The Central States Board of Trustees has voted to suspend health care benefits and pension accruals for Yellow workers after the company failed to make a $50 million payment to the Central States Health and Welfare Fund and the Central States Pension Fund. Teamsters are preparing for a possible strike starting on July 24 if the payment is not made by July 23. The Teamsters criticize Yellow for its mismanagement and neglect of its responsibilities, stating that the company has only itself to blame for the situation.

via International Brotherhood of Teamsters|
#benefits-contributions#financial-obligations#labor-relations
sports2 years ago

Antonio Brown's Albany Empire kicked out of National Arena League.

The National Arena League has terminated the Albany Empire's membership after the team failed to pay their overdue league mandated assessments. The team's owner, Antonio Brown, paid the April assessment but failed to make the May 15 payment and a $1,000 fine for conduct detrimental to the league. The league gave the team a deadline to make their payment, which they failed to meet, resulting in their immediate termination. All ticketholders will be refunded for the remaining three home games.

via NEWS10 ABC|
#albany-empire#antonio-brown#financial-obligations
politics2 years ago

Debt Default Threatens Social Security and Medicare Payments for Retirees.

Millions of older Americans who rely on Social Security to pay for basic needs such as food, housing, and healthcare costs are at risk of not receiving their payments if the United States defaults on its financial obligations due to the political stalemate over the government's debt ceiling. The Social Security Administration plans to send contributions to beneficiaries on four dates next month, which would be the first ones at risk of being delayed. Experts warn that the consequences of the impasse in Washington could be dire, threatening essential services, retirement savings, and the overall economy.

via ABC News|
#debt-ceiling#financial-obligations#government-benefits