Category Archives: Debt Settlement

SPAIN: Financial Obligation Settlement Companies Can Make Things Worse

Sniper Resources Debt Settlement

(via Thenewswire.ca)

Vancouver, British Columbia/ TheNewswire/ October 5, 2015 – Scott Baxter, President and CEO of Sniper Resources Ltd. (TSX-V: SIP) (Sniper or the Company) is pleased to reveal:

Debt Settlement

Sniper has actually arranged a shares-for-debt settlement with Royce L. Hackworth of Reno, Nevada, an arms length creditor, to settle debt connected to mandatory reclamation/remediation services carried out on the Companys prior and currently owned mineral claims in Nevada.

A total of 241,000 shares will be provided at a price of $0.05 per share to settle C$ 15,775 (= US$ 12,050) of debt. The shares go through a 4 month hold period from the date of issuance. The financial obligation settlement goes through regulative approval.

About Sniper Resources Ltd.

. Sniper Resources Ltd. is engaged in the recognition, acquisition and exploration of gold properties in the State of Nevada, UNITED STATE. Sniper owns a 50.01 % interest with the right to obtain the continuing to be 49.99 % interest in the Weepah gold property, Nevada.

For more info about Sniper Resources and its Nevada job please contact Mr. Scott Baxter, President and CEO at -LRB-604-RRB- 263-5614 or through e-mail [email # 160; protected]

Sniper Resources Modified Financial Obligation Settlement

Vancouver, British Columbia / TheNewswire / October 6, 2015 – Scott Baxter, President and CEO of Sniper Resources Ltd. (TSX-V: SIP) (Sniper or the Company) is delighted to reveal:

Debt Settlement (Modified).

Sniper has actually organized a shares-for-debt settlement with Royce L. Hackworth of Reno, Nevada, an arms length lender, to settle financial obligation associated with obligatory reclamation/remediation services performed on the Companys prior and presently had mineral claims in Nevada.

An overall of 482,000 shares will be provided at a rate of $0.05 per share to settle C$ 31,550 (US$ 24,100) of financial obligation. The shares are subject to a four month hold duration from the date of issuance. The debt settlement undergoes regulatory approval.

About Sniper Resources Ltd.

. Sniper Resources Ltd. is engaged in the identification, acquisition and exploration of gold buildings in the State of Nevada, U.S.A. Sniper possesses a 50.01 % interest with the right to get the continuing to be 49.99 % interest in the Weepah gold home, Nevada.

For additional details about Sniper Resources and its Nevada project kindly contact Mr. Scott Baxter, President and CEO at -LRB-604-RRB- 263-5614 or via e-mail This e-mail address is being secured from spambots. You require JavaScript allowed to view it.

Kiri Ind Signs Pact With PNB For Financial Obligation Settlement

Kiri Industries has entered into an agreement with Punjab National Bank for settlement of financial obligations. According to the settlement terms, Kiri Industries, which had total outstanding financial obligation of # 8377; 156.85 crore settled the same at # 8377; 86.50 crore. Of this, the company paid # 8377; 21.25 crore in advance and the balance # 8377; 65.25 crore will be payable in 12 equivalent monthly installations together with 10 per cent per annum easy interest. If the business fails to pay 2 successive installments to PNB, then the settlement will certainly stand cancelled and the company will be liable to pay the entire exceptional debt of # 8377; 156.85 crore in addition to interest. Shares of Kiri Industries jumped 15.93 percent at # 8377; 114.60 on the NSE.

Soupman Announces Restructuring Of Its Senior Protected Financial Obligation, Settlement Of …

New York City, Oct. 9, 2015 (GLOBE NEWSWIRE)– Soupman, Inc. (OTCQB: SOUP), makers of the best-tasting soup on the planet, reveals that it has actually completed the restructuring of all of its senior secured financial obligation. The Companys balance sheet will now reflect an overall of $1 million of senior protected debt payable over three years bearing a 5 % annual rate of interest, with a balloon payment due upon maturity. The Business has likewise settled all litigation with its senior secured lender. Under the leadership of its new CEO, Jamieson Karson, the company is focused on more decreasing its liabilities and growing its distribution channels.

This restructuring is a substantial step in relaunching our company and brand as it considerably enhances the financial condition of the business and ought to position us for future development. We thank our lenders for their cooperation in reaching this arrangement and long-standing support of the Company and its brand, mentioned Jamieson Karson, CEO of Soupman, Inc.

. We have actually been working diligently these past couple of months to decrease our exceptional liabilities, continued Karson, and expect that when our audited financials for financial year ending 8/31/2015 are completed, they will certainly show a reduction in our exceptional liabilities by more than $4.5 million. The Business is scheduled to release its year-end outcomes by 11/30/15.

Mr. Karson is arranged to appear on Maria Bartiromos TELEVISION program, Mornings With Maria on Fox Business News on Tuesday, October 13.

The Initial Soupman provides over 50 ranges of soups consisting of such popular flavors as Lobster Bisque, Crab Bisque, Chicken Gumbo, Crab Corn Chowder, Mulligatawny, Butternut Squash, Jambalaya, Shrimp Bisque, Italian Sausage, Eggplant Parmigiana, Tomato Basil and lots ofa lot more. The Original Soupman soups are likewise readily available in 6 varieties in 17 ounce Tetra Pak cartons in grocery shops including Publix, Kroger, Ralphs, Vons, Pavilions, HEB and Safeway among lots of others. The soups can likewise be ordered online and at Amazon. For a store tracker or to buy, go to www.originalsoupman.com.

Consumers can visit the Soupman at his initial store in NYC on 55 Street amp; 8th Ave, on soupmobiles at regional events throughout the country and ladling soup for fans at MetLife arena during the football period.

About Soupman, Inc.

. In 1984, The Original Soupman opened its doors at 55th Street amp; 8th Avenue in Manhattan and quickly ended up being a worldwide location. Rated # 1 by Zagat and commended by the New york city Times as Art, not Soup, it set the requirement for development and quality long before the well-known Seinfeld episode made it a cultural icon. We sell soup across America to in Tetra Pak cartons grocery storessupermarket alongside Campbells and Progresso as well in our franchise dining establishments, soupmobiles and foodservices. Shaquille ONeal is an advisor and equity partner, as are Mr. October, Reggie Jackson and the prize-winning star, Jason Alexander. Jamieson Karson, former CEO of Steve Madden Shoes, is our Chairman and CEO. Soupman Inc., is a completely reporting public business trading under the sign SOUP. For additional details on our business kindly check out: www.originalsoupman.com OriginalSoupMan and Like us on Facebook.

Safe Harbor Declaration:

This press release might contain positive statements within the meaning of Section 27A of the Securities Act of 1933 and Area 21E of the Securities Exchange Act of 1934. The forward-looking statements are based upon current expectations, estimates and estimates made by management. The Company plans for the forward-looking statements to be covered by the safe harbor provisions for positive declarations. Words such as prepares for, expects, plans, strategies, believes, looks for, approximates or variations of such words are intended to recognize such forward-looking declarations. The positive declarations included in this news release consist of, declarations relating to the anticipated benefitstake advantage of the restructuring of the Companys senior secured financial obligation and the predicted reduction in impressive liabilities to be reflected in our audited financial declarations when finished. All forward-looking declarations in this news release are made as of the date of this news release, and the Business presumes no commitment to update these forward-looking declarations aside from as required by law. The forward-looking declarations are subject to risks and uncertainties that might trigger real outcomeslead to vary materially from those set forth or implied by any forward-looking statements such as any changes to the amount we expect to be reported as decrease in our outstanding liabilities in our monetary statements as an outcome of the conclusion of our audit, our capability to position the Business for future growth, and the threat factors gone over in the Business and Managements Discussion and Analysis sections in our Quarterly Reports on Type 10-Q, Annual Reports on Type 10-K and Current Reports on Form 8-K. Copies of these filings are offered www.originalsoupman.com.

All trademarks and logo designs referenced herein come from their particular business.

CONTACT: For More InfoFor more details Contact:
Diane Lilli
Bender Group PR
973.744.0707
Diane.Lilli@BenderGrouppr.com!.?.! Source: Soupman, Inc.

DMO – How To Stay Afloat In Times Of Financial Crisis

On the reason for organising the enlightenment workshop, he said the aim was to work together and seek the participation of civil society organisations to motivate transparency, effectiveness, accountability, openness and responsiveness with public debt.

He included that it belonged to what he termed DMOs democratisation of public financial obligation understanding because 2006 in order to assist the public comprehend the essentials of public financial obligation so about enable them require transparency and accountability that would lead to economic growth and advancement.

He urged civil society organisation to rise to the difficulty of acting in waysmanner ins which assist citizens to live better lives by keeping track of public finance at the budgetary level.

The workshop which was tagged Comprehending Public Financial obligation Management had about 30 civil society organisations in attendence. Lectures were provided by different directors of DMO to sensitise those who participated in on locations of borrowing in external and domestic markets, procedures and treatments for borrowing and processes and treatments for debt settlement.

CFPB Wins Temporary Injunction Against Debt Settlement Business

Financial obligation settlement company World Law Group thought it might skirt FTC rules by partnering with a lawyer and rebranding its providings as “legal services.” That plan may not work much longer. The CFPB submitted fit versus World Law Group this month, alleging the business gathered some $67 million in up-front fees from almost 21,000 consumers considering that 2010 without doing much at all to assist any of those consumers with their financial obligation load. The US District Court of the Southern District of Florida appears to agree. The court provided a temporary injunction versus the financial obligation settlement business this week, freezing company assets.

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Daily Cheapskate: Exactly What To Do While You Await Things To Go Back To Regular

Life has actually never ever been ideal, but youd have a hard time persuading some individuals of that. Its not that they are oblivious. They just have selective memories.

Possibly you can identify if you wish for the way things utilized to be– when jobs were numerousabounded, home mortgages were basic, pension relocated only one instructions (up) and students might bring their 100-percent-financed college degrees straight into six-figure tasks.

Now that it appears things are no longer fairly so ideal, youve put your life on hold. Youre anxiously pacing the floor attempting to hang on until the stock market rebounds, actual estate sales recover, your loan adjustment comes through or some TELEVISION advertiser provides a debt-settlement plan that returns your life to the perfect way it was.

Heres what to do:

— Stop recalling. Regular is not an economic condition. Every minute you mourn the passing of the way things were is a minute lost in the present. Focus on where you are, and plan for how you will certainly face the future.

— Accept exactly what you can not change. If youve lost your house or business, or fileddeclared bankruptcy you can not change exactly what has actually occurred.

— Modification the things you can. Fortunately, far more elements of your life fall under this classification.

These days, it seems that for every single letter I get from a reader who is fulled of gratitude that I nagged them to death to obtain out of financial obligation, to build a contingency fund for emergency situations, to fund a flexibility make up irregular expenditures and to make that shift to living below their means, I get one from somebody who is beside herself/himself with regret for not navigating to it.

Mary Hunt: What To Do While Awaiting Things To Go Back To Regular

Life on earth has actually never ever been perfect, however youd have a tougha tough time persuading some people of that. Its not that they are ignorant. They have selective memories.Perhaps you can identify if you long for the method things made use of to be, when tasks were abundant, home loans were basic, pension moved in only one instructions( up)and students might carry their 100-percent-financed college degrees directly into six-figure jobs.Now that it appears things are no longer rather so best, youve put your life on hold. Youre anxiously pacing the floor tryingaiming to hang on till the stock market rebounds, real estate sales bounce back, your loan adjustment comes through or some TELEVISION marketer offers a debt-settlement plan that returns your life to the best method it was.Can we talk?Stop recalling. Typical might be a setting on your clothing dryer, however it is not an economic condition. Every minute that

you mourn the

passing of the method things were is a minute lost in the present. Concentrate on where you are, and strategy for how you will deal with the future.Accept what you can not change. As hard as it is for some of us to accept the fact that we can not manage everything, that is the truth.

If youve lost your house or company, or submitteddeclared bankruptcy, as dreadful as these events have actually been for you, you can not change exactly what has happened.Change things you can. Luckily, far more aspects of your life fall into this category.These days, it seems that for each letter I receive from a reader who is filled with gratitude that I scolded them to death to get from financial obligation, to construct a contingency fund for emergencies, to fund a Freedom Account for irregular expenses and making that shift to living listed below their means, I get one from somebody who is close to herself/himself with remorse for simply not getting around to it. The old it might never ever happen to me happens.Create your plan. If you are still in credit-card debt, nows the time to obtain major. Review Chapter 7 in my Debt-Proof Living book. Create your Quick Debt-Repayment Plan today, and commit to it like youve never ever dedicated before.Save more.

Start intensifying your savings, your contingency fund, pension or other cost savings cars. Even if all you can save right now is your pocket change, do it. Get significantBuckle down about cutting back even more than you think possible so you have more to conserve. I anticipate that in years to come, if you have one regret it will certainly be that you did not save more cash.