Here's how unpaid debts are handled when a person passes away
Several factors determine how unpaid obligations are treated at death, including the type of debt and whose name is on it, as well as applicable state laws.
Several factors determine how unpaid obligations are treated at death, including the type of debt and whose name is on it, as well as applicable state laws.
Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "black holes" in surveillance systems, industry officials say.
LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world's top spot for airline financial ruin.
Dollar General Corp reported its biggest rise in quarterly sales in at least 14 years on Thursday, benefiting from a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.
Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall.
Dollar Tree Inc reported a surge in quarterly same-store sales on Thursday, joining rival Dollar General , as the discount retailer benefited from consumers stockpiling on groceries and other essentials due to the coronavirus crisis.
British department store group Debenhams has cut "hundreds" of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation told Reuters.
As the spring semester comes and goes, the future looks even more uncertain for colleges and universities across the country.
Thousands of business owners have received coronavirus aid through the Economic Injury Disaster Loan program. The terms may catch some off guard.
The top two U.S. dollar store chains reported better-than-expected quarterly sales and profit on Thursday, benefiting from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic.
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Nissan Motor Co's cash situation is "tough" as the coronavirus has sapped car sales, and the automaker must be vigilant in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida told Reuters on Thursday.
Several factors determine how unpaid obligations are treated at death, including the type of debt and whose name is on it, as well as applicable state laws.
The U.S. economy could take years to rebound as it faces longer-term challenges from sharpest downturn in history, according to Moody's Analytics chief economist Mark Zandi.
Hundreds of workers burning tyres and shouting "war" blockaded Nissan Motor Co's Barcelona plant on Thursday after the Japanese carmaker announced it would shut it from December as part of a global restructuring plan to slash costs.