Baffinland gets more time to figure out how to pay off billions of dollars in debt
In a news release Friday evening, the mining company says it’s been granted an extension to the stay of proceedings until June 10. As of May 14, Baffinland owes a total of $2.6 billion to creditors according to a list submitted to the courts.
https://www.cbc.ca/news/canada/north/baffinland-creditor-protection-billions-debt-9.7225846?cmp=rss

Home - CBSNews.com | 3 unexpected downsides of debt relief to know before enrolling

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Before enrolling in a debt‑relief program, especially debt settlement, borrowers should weigh three often‑overlooked drawbacks: the process usually requires stopping payments, which can cause missed‑payment marks, delinquencies and charge‑offs that dent credit scores more severely and for longer than expected; any forgiven portion of the debt may be treated as taxable income, potentially creating a surprise tax bill unless you qualify for an insolvency exception; and the timeline is often longer and less predictable than advertised, since funds must be saved before negotiations begin and creditors may respond at different speeds, leaving you vulnerable to collection calls, fees, or lawsuits during the wait. Understanding these risks helps determine whether debt relief, credit counseling, debt management or consolidation is the best option.

Read more: https://www.cbsnews.com/news/debt-relief-downsides-to-know-before-enrolling/

#IRS #creditors #debtrelief #taxliability #creditscore

3 unexpected downsides of debt relief to know before enrolling

The right debt relief strategy can reduce what you owe, but the process has tradeoffs that aren't always obvious.

Ontario court extends Hudson’s Bay’s reprieve from creditors
An Ontario court has extended the reprieve Hudson’s Bay has from creditors after Judge Jessica Kimmel pushed the end of the collapsed retailer’s stay from March 31 to June 30.
#Canada #Creditors #HudsonsBay #Ontariocourt
https://globalnews.ca/news/11737864/hudsons-bay-creditors-extension/
Ontario court extends Hudson’s Bay’s reprieve from creditors
An Ontario court has extended the reprieve Hudson’s Bay has from creditors after Judge Jessica Kimmel pushed the end of the collapsed retailer’s stay from March 31 to June 30.
#Canada #Creditors #HudsonsBay #Ontariocourt
https://globalnews.ca/news/11737864/hudsons-bay-creditors-extension/
Ontario court extends Hudson’s Bay’s reprieve from creditors
An Ontario court has extended the reprieve Hudson’s Bay has from creditors after Judge Jessica Kimmel pushed the end of the collapsed retailer’s stay from March 31 to June 30.
#Canada #Creditors #HudsonsBay #Ontariocourt
https://globalnews.ca/news/11737864/hudsons-bay-creditors-extension/

February 12, 2026, witnessed millions of workers across India participating in a nationwide general strike called by the joint platform of central ...

February 12, 2026, witnessed millions of workers across India participating in a nationwide general strike called by the joint platform of central trade unions. Measured purely by participation, the…#CADTM #ComitépourlAnnulationdesdettesillégitimes #dette #dettetiersmonde #dettedutiersmonde #ladettedutiersmonde #dettepublique #detteexterne #detteillégitime #detteodieuse #odieuse #G8 #FMI #IMF #clubdeparis #banquemondiale #banquedusud #PPTE #IADM #créanciers #afrique #néolibéralisme #finance #Nord-Sud #globalisation #multinationales #ComitéparalaAnulacióndelasdeudasilegítimas #deuda #ladeuda #ladeudadeltercermundo #tercermundo #deudapública #deudaexterna #ladeudaodiosa #elG8 #elFMI #elClubdeParís #BancoMundial #elBancodelSur #paísespobresmuyendeudados #acreedores #África #elneoliberalismo #lasfinanzas #lasrelacionesNorte-Sur #laglobalización #lasmultinacionales #CommitteefortheAbolitionofIllegitimateDebt #debt #IllegitimateDebt #thirdworlddebt #odiousdebt #publicdebt #externaldebt #ParisClub #WorldBank #SouthBank #HIPC #MDRI #creditors #Africa #neoliberalism #North-Southrelations #globalization #multinational #ComitéparaaAnulaçãodasdívidasilegítimas #dívida #dívidadoterceiromundo #dívidaodiosa #dívidailegítima #dívidapública #dívidaexterna #oG8 #oFMI #ClubedeParis #oBancoMundial #BancodoSul #paísespobresaltamenteendividados #credores #aÁfrica #oneoliberalismo #finanças #relaçõesNorte-Sul #aglobalização #multinacional
After the Labour Codes : the political meaning of India's February 12 strike – CADTM

After the Labour Codes: the political meaning of India's February 12 strike – CADTM

February 12, 2026, witnessed millions of workers across India participating in a nationwide general strike called by the joint platform of central trade unions. Measured purely by participation, the…

CADTM
“The true Achilles’ heel of the #U.S. is its exposure to its #creditors and #foreign #investors, with its net foreign #debt – public and private – now standing at more than $27-trillion, compared to only $8-trillion a decade ago.”

RE: https://bsky.app/profile/did:plc:5zca2ola2zxpkw37w4f3wxtu/post/3meydmgqp5226
Creditors accept ex-Montreal mayor Denis Coderre’s debt-repayment plan
Creditors of former Montreal mayor Denis Coderre have unanimously accepted a proposal for him to pay back less than a quarter of his roughly $1.1-million debt.
#debt #repayment #creditors #Montreal #Canada #Montrealpolitics
https://globalnews.ca/news/11639648/denis-coderre-debt/
Creditors accept ex-Montreal mayor Denis Coderre’s debt-repayment plan
Creditors of former Montreal mayor Denis Coderre have unanimously accepted a proposal for him to pay back less than a quarter of his roughly $1.1-million debt.
#debt #repayment #creditors #Montreal #Canada #Montrealpolitics
https://globalnews.ca/news/11639648/denis-coderre-debt/