Jackson owed about $40 million to the tour promoter A.E.G. in 2009, his estate’s executors said in a court filing. They said all the debts have been eliminated.
Category: Credit and Debt
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$29 Trillion: That’s How Much Debt Emerging Nations Are Facing
A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are expected to leave interest rates unchanged at their meeting this week. They will also release a fresh set of economic projections.
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They Spent Their Life Savings on Life Coaching
Some people who wanted to improve their lives and careers through coaching found themselves trapped in what they described as a pyramid scheme.
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Alzheimer’s Takes a Financial Toll Long Before Diagnosis, Study Finds
New research shows that people who develop dementia often begin falling behind on bills years earlier.
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‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule
Shoppers who use the popular installment loans will be guaranteed some of the same consumer protections that traditional credit cards provide.
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Ampla, a Lender to Consumer Brands, Faces Financial Struggles
Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer.
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China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.
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High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.