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Brazil's Senate voted 78 to 0 on Thursday to erase federal debts of micro-firms, 3.6 million with registered debts, and lift their revenue cap. The post Brazil Approves Small-Business Debt Relief appeared first on The Rio Times.
Brazil's Chamber of Deputies passed debt relief and a higher revenue cap for one-person firms, a bill from Lula's government that now goes to the Senate. The post Brazil Lawmakers Back Small-Firm Debt Relief appeared first on The Rio Times.
Brazil's government wants to cancel about US$2.5 billion in micro-entrepreneur tax debts and offer grants of up to US$1,000 before the runoff. The post Lula Offers Small-Business Debt Relief Before Runoff appeared first on The Rio Times.
The G-20 Common Framework, a global toolkit to help poorer nations avoid chaotic defaults faces a fresh test in Senegal. Amid mounting debt strains, the nation plans to use an improved version of the framework to secure a fair distribution of relief across creditors in what will be seen as a key test of its effectiveness. Bloomberg's Matthew Hill reports from the annual IMF & World Bank meeting in Bangkok. (Source: Bloomberg)
Pool supplier Leslie’s Inc. filed for bankruptcy on Wednesday, with a plan to cut about 90% of the debt and hand control to creditors, after encountering mounting challenges for its. industry.
Lula's Desenrola 3.0 will buy defaulted family debts from creditors at up to 90% discount, targeting about US$29 billion; first relief reaches families from February 2027. The post Brazil: Desenrola 3.0 to Buy Up US$29 Billion in Family Debt at Up to 90% Discount appeared first on The Rio Times.
President Luiz Inácio Lula da Silva will sign two provisional measures on Friday, one banning online betting and another aimed at renegotiating individual debts, according to two people with knowledge of the matter.