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Orrick, Herrington & Sutcliffe LLP | USA | 14 Jul 2023

District Court orders individual to pay $148 million in student debt-relief scam

On July 7, the U.S. District Court for the Central District of California entered a final judgment and order against an individual defendant accused…
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Lexology PRO | Africa, Ethiopia, Kenya, etc. | 8 Sep 2022

Africa: key ESG updates and developments (Aug 2022)

Nigeria’s “debt-for-climate” plans may address a US$410 billion ESG funding gap, the African Development Bank provides funding for green energy and debt sustainability, and Kenya launches a first-of-its-kind emission reduction tool – plus other key updates.
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Corrs Chambers Westgarth | Australia | 8 Oct 2021

Liquidating a former trustee: what to do when there is no power to sell the assets

This week’s TGIF looks at In the matter of Gary John Anderson in his capacity as liquidator of G & G Contractors Pty Ltd (In Liquidation) [2021] FCA…
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White & Case | Global | 27 Apr 2020

G20 announces debt service suspension initiative for low-income countries

On 15 April, the G20 nations agreed to a time-bound suspension of debt service payments for the poorest countries that request forbearance. Here, we…
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K&L Gates LLP | USA | 8 Aug 2019

Dust Off Your Chapter 12 Knowledge: Increase to Debt Limits May Revive Family Farmer Bankruptcies

On August 1, 2019 the U.S. Senate passed the Family Farmer Relief Act of 2019, which more than doubled the debt limit for “family farmers” qualifying…
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Manatt Phelps & Phillips LLP | USA | 16 Jan 2019

FTC Bans Student Loan Debt Relief Scammers

Student loan debt relief scammers were on the receiving end of a ban by the Federal Trade Commission (FTC) as part of the agency’s Operation Game of…
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Orrick, Herrington & Sutcliffe LLP | USA | 3 Oct 2018

FTC reaches settlements with student debt relief operators

On September 28, as part of Operation Game of Loans, a coordinated effort between the FTC and state law enforcement, the FTC announced settlements…
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Orrick, Herrington & Sutcliffe LLP | USA | 26 Sep 2018

New York Attorney General sues nine student debt relief companies

On September 20, the New York Attorney General announced a lawsuit against nine student loan debt relief companies, along with their financing…
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Cliffe Dekker Hofmeyr | South Africa | 24 Aug 2018

Reassurance for taxpayers seeking debt relief

Given the current economic climate, debt restructuring and relief have increased and thus received concomitant increased attention from the relevant tax and finance authorities. The latest round of proposed tax amendments in this regard attempt to address a number of concerns discussed in the explanatory memorandum on the draft Taxation Laws Amendment Bill.
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Cliffe Dekker Hofmeyr | South Africa | 23 Jul 2018

Taxpayers seeking debt relief should feel relieved

Debt restructuring and debt relief within the business environment has been undertaken since time immemorial. Given the current economic climate, such…
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