Finance News – Repayments
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Zilch hikes provisions amid ‘record year’ for customer growth
UK-based fintech Zilch significantly increased its financial reserves to manage expected credit losses, reflecting the rapid expansion of its user base and heightened demand for it...
Read Full Article →‘It would destroy me’: fear of student loan default haunts US borrowers
The resumption of federal student loan repayments has placed significant financial strain on borrowers, many of whom are confronted with overwhelming combined debts that seem diffi...
Read Full Article →FTX to begin next creditor distribution on Sept. 30 after court frees $1.9B
Following the court’s release of $1.9 billion, FTX is scheduled to start its subsequent round of payments to creditors on September 30, marking further advancement in the ongoing b...
Read Full Article →Chinese creditor challenges FTX motion to halt payouts in restricted countries
A dispute involving a Chinese lender opposing the suspension of funds to specific regions introduces further complications to the ongoing financial proceedings surrounding FTX’s re...
Read Full Article →FTX continues to exclude Nigeria and China in remaining creditor repayments but includes Payoneer
By incorporating Payoneer as a payment channel while excluding Nigeria and China, FTX aims to diversify asset distribution and potentially enhance recovery options for eligible cre...
Read Full Article →FTX Will Hand Out Over $5 Billion in Bankruptcy Repayments This Month
Starting May 30, creditors of FTX are expected to receive distributions totaling more than $5 billion as part of the ongoing bankruptcy resolution process.
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