Tag Archives: loans

Several contestants from “The Bachelor” and “The Bachelorette” were asked this past week to explain to their fans why they applied for government loans during the COVID-19 pandemic. The Bachelor subreddit was abuzz after posts drew attention to public records that showed that several contestants had applied to the government’s Paycheck Protection Program. Some were able to receive loans in excess of $20,000. As the numbers circulated on Reddit and later in Vulture, fans questioned… Source link

(Bloomberg) — Alibaba Group Holding Ltd.’s largest individual shareholders Jack Ma and Joe Tsai pledged parts of their combined $35 billion stake in the e-commerce giant in exchange for significant loans from banks, the Financial Times reported, citing company documents. The share pledges were made by offshore companies controlling more than half of the duo’s stake in Alibaba, which stood at 5.8% as of December, according to the FT. The documents didn’t disclose the amount of the share… Source link

A grandmother who had nearly $90,000 in student debt had her loans cancelled by a bankruptcy court in Nebraska, adding to an emerging trend of student loan borrowers successfully finding relief through personal bankruptcy. “Most of my clients are surprised to hear that they can get their student loans discharged,” the debtor’s lawyer, Lea Wroblewski, an attorney and the director of the debt and finance unit at Legal Aid Nebraska, told Yahoo Finance. Jamie Mudd attended college in… Source link

A medical graduate with more than $440,000 in student debt recently saw nearly 99% of his loans cancelled by a bankruptcy court in California, highlighting the growing trend of certain student loans being dischargeable. San Diego-based Seth Koeut was born to Cambodian refugees who came to the U.S. when he was a child and later pursued a medical degree in hopes of becoming a doctor. After he failed to obtain a residency role — a required part of the transition from medical school graduate to… Source link

The stimulus bill that President Donald Trump signed on Sunday includes $284 billion in new aid for small businesses, and key stakeholders hope the rollout of a “second draw” will be less chaotic than an initial round of loans granted under the Paycheck Protection Program (PPP) this spring. Last time around, the PPP was a plane still being built even after it took off. Businesses began applying for the forgivable loans on April 3 — just days after the initial stimulus bill was signed… Source link