movie production – caligarimovie http://caligarimovie.com/ Thu, 26 Aug 2021 09:30:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 EnerDynamic Receives Final Approvals for Acquisition, Debt Settlement and Financing of Windular https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular-2/ https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular-2/#respond Wed, 25 Aug 2021 20:01:00 +0000 https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular-2/ NIAGARA FALLS, ON / ACCESSSWIRE / August 25, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”), a global leader in solar and wind renewable energy technologies, is pleased to announce that it has now received final approval from the Stock Exchange of TSX Venture (“TSXV”) to complete the following transactions: The […]]]>


NIAGARA FALLS, ON / ACCESSSWIRE / August 25, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”), a global leader in solar and wind renewable energy technologies, is pleased to announce that it has now received final approval from the Stock Exchange of TSX Venture (“TSXV”) to complete the following transactions:

The acquisition

The Company is pleased to announce that it has successfully completed the previously announced acquisition of Windular Research and Technologies inc. (“Windular”) (the “Acquisition”) and its advanced “Smart Tracking” turbine system designed for the telecommunications industry.

The Company acquired all of the issued and outstanding shares of Windular in a stock transaction valued at $ 15 million. Pursuant to the Acquisition, the Company issued 21,428,572 common shares (the “Issued Shares”) to the shareholders of Windular at a deemed price of $ 0.70. Certain holders of issued shares have agreed to enter into lock-up agreements whereby 25% of their issued shares will be freely traded upon closing of the acquisition, 25% of their issued shares will be held for a period of four months and one. day after the closing of the acquisition, and the balance of their issued shares will become free for trading eight months after the closing of the acquisition.

The combination of the company and Windular will offer a full range of clean energy technology solutions to the global “tower” market.

Actions for the debt operation

The Company has entered into agreements with certain debtors and creditors, including certain holders of debentures, to settle a total indebtedness of $ 14,228,109.94 by issuing 20,325,871 common shares of the Company (the “Settlement Shares”). ”), At a deemed price of C $ 0.70 per settlement. Action in accordance with the policies of the TSXV (the “Debt Settlement”). As a result, the Company has completed the Debt Settlement and the Settlement Shares are subject to the legal hold period of four months and one day after their issue. EHT will continue to work with the few remaining debenture holders to settle their amounts owed over the coming months.

The offering

The Company has closed its previously announced non-intermediary private placement offer (the “Offer”). In connection with the offering, the Company issued 5,094,857 units (each, a “Unit”) at a price of Cdn $ 0.70 per unit for total gross proceeds of $ 3,566,399.90. Each unit consists of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each warrant allows the holder to purchase one additional share at the price per share of C $ 1.00 until August 25, 2023. The amount currently raised is more than sufficient to start EHT projects that are ready to go. , with less dilution for shareholders and will be used to fund EHT and Windular’s ongoing projects as well as for general working capital purposes.

As part of the Offer, the Company paid finder’s fees consisting of 7% in cash and 7% of non-transferable share subscription warrants allowing their holders to purchase Company Shares at a price per share of $ 1.00 up to 24 months after closing. The Company issued 3,150 warrants and paid $ 2,205 in cash research fees to Leede Jones Gable Inc.

An insider of the Company participated in the offering by subscribing for 142,857 units. The subscription of units to insiders as part of the offering is considered a “related party transaction” under Multilateral Instrument 60-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) , but the Company intends to rely on the available exemptions from the formal assessment and minority shareholder approval requirements set out in sections 5.5 (a) and 5.7 (a) of NI 61-101 on the basis that the Participation in the Offer by insiders will not exceed 25% of the fair market value of the Company’s Market Capitalization. The action disclosed herein has been approved by the Board of Directors of the Company.

Other topics

EHT is also pleased to have been able to considerably clean up its balance sheet as part of this set of operations and as is currently the case with a new balance sheet consolidation. Over the next few months, EHT will voluntarily upgrade its EnerDynamic Hybrid Technologies Inc. subsidiary of EnerDynamic Hybrid Technologies Corp. bankrupt. The division has not done any business in recent years and will further reduce the company’s consolidated liabilities by more than $ 12,000,000.

John Gamble, CEO of EHT, commented: “This is a historic day for the company. It’s been a long process, but now we have the core of the best new renewable energy technologies and we are able to move forward on many fronts. “

About EnerDynamic Hybrid Technologies

EHT (TSXV: EHT) provides exclusive turnkey energy solutions that are smart, bankable and sustainable. Most energy products and solutions can be implemented immediately where they are needed. EHT sets itself apart from its competitors by combining a full line of solar photovoltaic, wind and battery storage solutions, which can provide power around the clock, both on a small and large scale. In addition to traditional support to established power grids, EHT excels where there is no power grid. The organization provides advanced solutions for various industries in combination with energy saving and power generation solutions. EHT’s expertise includes the development of module structures with full integration of smart energy solutions. These are transformed through EHT’s production technologies into attractive applications: modular homes, cold storage facilities, schools, residential and commercial outbuildings and emergency / temporary shelters. Windular Research and Technologies Inc. (WRT) provides cutting-edge wind technology to the global telecommunications market whereby the WRT system can be implemented directly on any existing or new tower configuration. WRT provides a source of renewable energy in remote and rural areas where the primary source of energy is diesel. WRT’s innovative system offers customers a lower overall cost of ownership as well as a reduced carbon footprint.

For more information, please contact:

John gamble
Chief Executive Officer
EnerDynamic Hybrid Technologies Corp.
Phone. : 289-488-1699
Email: info@ehthybrid.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements contained in this document that are not historical facts are forward-looking statements. Forward-looking information relating to the sales of products (the “Opportunities”) involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, for the Opportunities to differ materially from those expressed. or implied by these perspectives. information search. Although EHT believes that the assumptions used in preparing forward-looking information about the opportunities described in this press release are reasonable, one should not place undue reliance on such information, which only applies as of the date of this press release. press release, and no assurance can be given that such events will occur within the disclosed time frame or not at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

THE SOURCE: EnerDynamic Hybrid Technologies Corp.

See the source version on accesswire.com:
https://www.accesswire.com/661392/EnerDynamic-Receives-Final-Approvals-For-The-Windular-Acquisition-Debt-Settlement-Financing



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EnerDynamic Receives Final Approvals for Acquisition, Debt Settlement and Financing of Windular https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular/ https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular/#respond Wed, 25 Aug 2021 20:01:00 +0000 https://caligarimovie.com/enerdynamic-receives-final-approvals-for-acquisition-debt-settlement-and-financing-of-windular/ NIAGARA FALLS, ON / ACCESSSWIRE / August 25, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”), a global leader in solar and wind renewable energy technologies, is pleased to announce that it has now received final approval from the Stock Exchange of TSX Venture (“TSXV”) to complete the following transactions: The […]]]>


NIAGARA FALLS, ON / ACCESSSWIRE / August 25, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”), a global leader in solar and wind renewable energy technologies, is pleased to announce that it has now received final approval from the Stock Exchange of TSX Venture (“TSXV”) to complete the following transactions:

The acquisition

The Company is pleased to announce that it has successfully completed the previously announced acquisition of Windular Research and Technologies inc. (“Windular”) (the “Acquisition”) and its advanced “Smart Tracking” turbine system designed for the telecommunications industry.

The Company acquired all of the issued and outstanding shares of Windular in a stock transaction valued at $ 15 million. Pursuant to the Acquisition, the Company issued 21,428,572 common shares (the “Issued Shares”) to the shareholders of Windular at a deemed price of $ 0.70. Certain holders of issued shares have agreed to enter into lock-up agreements whereby 25% of their issued shares will be freely traded upon closing of the acquisition, 25% of their issued shares will be held for a period of four months and one. day after the closing of the acquisition, and the balance of their issued shares will become free for trading eight months after the closing of the acquisition.

The combination of the company and Windular will offer a full range of clean energy technology solutions to the global “tower” market.

Actions for the debt operation

The Company has entered into agreements with certain debtors and creditors, including certain holders of debentures, to settle a total indebtedness of $ 14,228,109.94 by issuing 20,325,871 common shares of the Company (the “Settlement Shares”). ”), At a deemed price of C $ 0.70 per settlement. Action in accordance with the policies of the TSXV (the “Debt Settlement”). As a result, the Company has completed the Debt Settlement and the Settlement Shares are subject to the legal hold period of four months and one day after their issue. EHT will continue to work with the few remaining debenture holders to settle their amounts owed over the coming months.

The offering

The Company has closed its previously announced non-intermediary private placement offer (the “Offer”). In connection with the offering, the Company issued 5,094,857 units (each, a “Unit”) at a price of Cdn $ 0.70 per unit for total gross proceeds of $ 3,566,399.90. Each unit consists of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each warrant allows the holder to purchase one additional share at the price per share of C $ 1.00 until August 25, 2023. The amount currently raised is more than sufficient to start EHT projects that are ready to go. , with less dilution for shareholders and will be used to fund EHT and Windular’s ongoing projects as well as for general working capital purposes.

As part of the Offer, the Company paid finder’s fees consisting of 7% in cash and 7% of non-transferable share subscription warrants allowing their holders to purchase Company Shares at a price per share of $ 1.00 up to 24 months after closing. The Company issued 3,150 warrants and paid $ 2,205 in cash research fees to Leede Jones Gable Inc.

An insider of the Company participated in the offering by subscribing for 142,857 units. The subscription of units to insiders as part of the offering is considered a “related party transaction” under Multilateral Instrument 60-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) , but the Company intends to rely on the available exemptions from the formal assessment and minority shareholder approval requirements set out in sections 5.5 (a) and 5.7 (a) of NI 61-101 on the basis that the Participation in the Offer by insiders will not exceed 25% of the fair market value of the Company’s Market Capitalization. The action disclosed herein has been approved by the Board of Directors of the Company.

Other topics

EHT is also pleased to have been able to considerably clean up its balance sheet as part of this set of operations and as is currently the case with a new balance sheet consolidation. Over the next few months, EHT will voluntarily upgrade its EnerDynamic Hybrid Technologies Inc. subsidiary of EnerDynamic Hybrid Technologies Corp. bankrupt. The division has not done any business in recent years and will further reduce the company’s consolidated liabilities by more than $ 12,000,000.

John Gamble, CEO of EHT, commented: “This is a historic day for the company. It’s been a long process, but now we have the core of the best new renewable energy technologies and we are able to move forward on many fronts. “

About EnerDynamic Hybrid Technologies

EHT (TSXV: EHT) provides exclusive turnkey energy solutions that are smart, bankable and sustainable. Most energy products and solutions can be implemented immediately where they are needed. EHT sets itself apart from its competitors by combining a full line of solar photovoltaic, wind and battery storage solutions, which can provide power around the clock, both on a small and large scale. In addition to traditional support to established power grids, EHT excels where there is no power grid. The organization provides advanced solutions for various industries in combination with energy saving and power generation solutions. EHT’s expertise includes the development of module structures with full integration of smart energy solutions. These are transformed through EHT’s production technologies into attractive applications: modular homes, cold storage facilities, schools, residential and commercial outbuildings and emergency / temporary shelters. Windular Research and Technologies Inc. (WRT) provides cutting-edge wind technology to the global telecommunications market whereby the WRT system can be implemented directly on any existing or new tower configuration. WRT provides a source of renewable energy in remote and rural areas where the primary source of energy is diesel. WRT’s innovative system offers customers a lower overall cost of ownership as well as a reduced carbon footprint.

For more information, please contact:

John gamble
Chief Executive Officer
EnerDynamic Hybrid Technologies Corp.
Phone. : 289-488-1699
Email: info@ehthybrid.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements contained in this document that are not historical facts are forward-looking statements. Forward-looking information relating to the sales of products (the “Opportunities”) involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, for the Opportunities to differ materially from those expressed. or implied by these perspectives. information search. Although EHT believes that the assumptions used in preparing forward-looking information about the opportunities described in this press release are reasonable, one should not place undue reliance on such information, which only applies as of the date of this press release. press release, and no assurance can be given that such events will occur within the disclosed time frame or not at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

THE SOURCE: EnerDynamic Hybrid Technologies Corp.

See the source version on accesswire.com:
https://www.accesswire.com/661392/EnerDynamic-Receives-Final-Approvals-For-The-Windular-Acquisition-Debt-Settlement-Financing



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Brex deploys debt financing tool https://caligarimovie.com/brex-deploys-debt-financing-tool/ https://caligarimovie.com/brex-deploys-debt-financing-tool/#respond Wed, 25 Aug 2021 20:00:05 +0000 https://caligarimovie.com/brex-deploys-debt-financing-tool/ Silicon Valley FinTech Brex is launching a new product to extend debt financing with longer terms and faster due diligence to some of its selected business clients. CEO and co-founder of Brex Henrique Dubugras said in a Press release Wednesday, August 25 that the startup still aims to “support growing companies” and launches new products […]]]>


Silicon Valley FinTech Brex is launching a new product to extend debt financing with longer terms and faster due diligence to some of its selected business clients.

CEO and co-founder of Brex Henrique Dubugras said in a Press release Wednesday, August 25 that the startup still aims to “support growing companies” and launches new products as its customer base continues to grow.

See also: FinTech Brex asks for a banking charter

“Our risky debt solution was created with scale in mind so we can help founders take their businesses to the next level while minimizing dilution,” added Dubugras.

The company strives to be the ‘all-in-one financing solution for growing businesses’, and with Brex Venture Debt it is able to provide access to debt financing to a wider customer base. .

See also: Brex leads busy week in B2B FinTech financing

Brex Venture Debt is extended to selected clients with “scalable and recurring revenues in high growth industries” that include software as a service (SaaS) and FinTech, the statement said. The product is different from what a traditional bank currently offers in that it has longer durations and faster approvals.

One of Brex’s first clients was Welcome co-founder and CEO Roberto Ortiz, who is now considering bringing in Brex Venture Debt to help develop his company’s virtual events platform. “The Brex offer is much more suited to the needs of growing companies than what previously existed in the market,” Ortiz said.

See also: B2B FinTech Brex Acquires API Weav Trading Platform in $ 50 Million Deal

Founded in 2018, Brex began by offering a business card developed with startups in mind. Since then, the business has grown rapidly by offering faster onboarding times, seamless integration, faster settlement speeds, and real-time visibility.

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NEW PYMNTS DATA: 58% OF MULTINATIONAL COMPANIES USE CRYPTO-CURRENCY

On: Despite price volatility and regulatory uncertainty, a new study from PYMNTS shows that 58% of multinational companies are already using at least one form of cryptocurrency, especially when transferring funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, probing 500 executives about the potential and pitfalls that crypto faces as it becomes part of the mainstream financials.



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The insurer is not obliged to defend the law firm in debt collection https://caligarimovie.com/the-insurer-is-not-obliged-to-defend-the-law-firm-in-debt-collection/ https://caligarimovie.com/the-insurer-is-not-obliged-to-defend-the-law-firm-in-debt-collection/#respond Wed, 25 Aug 2021 18:30:14 +0000 https://caligarimovie.com/the-insurer-is-not-obliged-to-defend-the-law-firm-in-debt-collection/ An insurer was not required to defend a debt collection law firm that was sued after pursued by mistake the wrong person under an exclusion in its coverage, a federal appeals court ruled Wednesday. Rodenburg LLP, a Fargo, North Dakota law firm primarily engaged in debt collection, has obtained a default judgment on a debt […]]]>


An insurer was not required to defend a debt collection law firm that was sued after pursued by mistake the wrong person under an exclusion in its coverage, a federal appeals court ruled Wednesday.

Rodenburg LLP, a Fargo, North Dakota law firm primarily engaged in debt collection, has obtained a default judgment on a debt owed by a “Charlene Williams,” according to the ruling. 8th United States Court of Appeals in St. Louis in Rodenburg LLP v. Certain Underwriters at Lloyd’s of London, The Cincinnati Insurance Co.

In early November 2016, Rodenburg served a notice of intent to garnish Ms Williams’ salary at the residential address associated with the debt, but not receiving a response, he then served on Ms employer. Williams a notice of garnishment.

Ms Williams reportedly informed Rodenburg in December that she was not the debtor he had a default judgment against, but the law firm allegedly ignored that information and garnished her salary for six weeks. After a lawyer informed the firm that he was wrong about Charlene Williams, the latter stopped the garnishment and returned the seized funds.

Ms Williams then sued the law firm, citing in part violations of the Fair Debt Collection Practices Act, alleging that her actions caused her emotional distress, among other impacts. The case has been settled, according to the decision, which did not disclose the amount of the settlement.

Rodenburg’s insurer Cincinnati Financial refused to defend or indemnify Rodenburg, and the law firm sued him in Fargo U.S. District Court, which granted the insurer summary judgment dismissing the case.

The decision was upheld by a unanimous three-judge appeals court, which cited a policy exclusion for violating any law, other than the Consumer Telephone Protection Act or the CAN-SPAM Act of 2003, ” that prohibits or restricts the sending, transmission, communication or distribution of material or information.

The panel agreed with Cincinnati that this included the FDCPA. “Cincinnati therefore did not breach its contractual obligation to defend Rodenburg, and so we do not need to consider whether Cincinnati had a duty to compensate Rodenburg for the Williams lawsuit,” said the ruling, upholding the judgment. of the lower court.



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Is A Debt Management Plan Right For You? https://caligarimovie.com/personal-loan-for-debt-consolidation-debt-consolidation-easy-approval/ https://caligarimovie.com/personal-loan-for-debt-consolidation-debt-consolidation-easy-approval/#respond Wed, 25 Aug 2021 16:51:50 +0000 https://caligarimovie.com/is-a-debt-management-plan-right-for-you/ Do you want to repay your debts with lower interest rates? A Debt Management Plan or DMP might be just what you need! The process of repaying your debt can seem overwhelming. There are multiple creditors, many companies calling, and you don’t even have to ask about the interest you pay. A debt management system is a […]]]>

Do you want to repay your debts with lower interest rates? A Debt Management Plan or DMP might be just what you need!

The process of repaying your debt can seem overwhelming. There are multiple creditors, many companies calling, and you don’t even have to ask about the interest you pay.

A debt management system is a tool for paying down your unsecured debts over 3 to 5 year periods, mostly credit card debt. A DMP will allow you to negotiate a lower rate of interest. Once you have made one monthly payment, you can put your debt behind.

Here’s everything you need about a debt plan. Check it out https://dedebt.com/

What is a Debt Management Plan?

A debt management plan can be a way to get rid of your unsecured debt quickly. This option is for those who can’t pay off their debts in full or are severely overwhelmed by debt. Your creditors can be contacted directly by debt management firms. They will work with you to lower your monthly payments and get penalty relief.

The plan is usually created by a business like a credit card provider, or a debt management agency. They can help with managing your expenses. You will pay off your debts in an average of 3-5years. But, you’ll save money long-term because there are fewer interest charges and penalties.

A debt management strategy is used for paying off credit cards, medical expenses, and other types unsecured debt.

Why are you looking for a debt management strategy?

One of the most efficient ways to get rid debt is through debt management plans. They lower monthly payments and allow you to plan your budget better. They can help organize debts to make them pay off faster and they waive late fees.

The debt management plan is a way to manage your finances. It consolidates all of your debts into one loan that requires a monthly lump-sum payment. This is a great choice because they can save money on interest and create budget plans.

Your monthly income will determine how much you can afford. Also, you will need to accept the amount you are being charged before you can begin paying.

The average time it takes to manage debt is 3 to 5 Years. It begins with calculating a person’s income. Then they decide how much they will spend each month.

Debt Management Plans – The pros and cons

Here are the many benefits of a good debt management plan.

  • Professional advice can help you.
  • Lowering interest payments means paying off your debt faster. This reduces interest rates often in dramatic ways.
  • Because you only have to deal directly with one party, your debts can be consolidated with a single company. The company will split your monthly payment. You will also receive one monthly payment.
  • There will be fewer calls and letters from debt collection agencies.
  • Finally, you will have better long-term ratings in credit.

The purpose of debt management plans is to help people who can’t pay their debts. However, it can have its downsides.

  • The fee you pay is small, and is often offset by the higher interest rate. But it is still a charge.
  • DMPs will not cover all of your debt. Instead, they will focus on unsecured debt.
  • A missed payment can affect your interest rates.
  • The repayment will take 3-5 years. In that time, you can’t open credit lines like credit card accounts.
  • Most businesses tell customers to cancel their credit cards accounts and stop using credit cards. This will result in less credit available.

Best Debt Management Companies

Debt management firms offer different ways for people to get rid of their debts. A debt management program in turn receives compensation.

A debt management agency can help you budget, negotiate for creditors on your behalf, provide guidance, and give advice to anyone with trouble with debt.

These are the top-rated debt management companies, all rated a + by The Better Business Bureau.

To resolve

Resolve is a company which can assist you with a number of issues. They will contact creditors to settle fees, negotiate lower interest rates for you, defer your monthly payments, negotiate debt cancellation and stop collection calls.

To resolve costs you an average $ 2,738 for the first year. Plus, you can give them what you think it is right. Resolve gives you the ability to set your monthly subscription amount as well as tip their team whenever it feels right.

Money Management International, (MMI)

MMI is an internet-based non-profit debt management agency that is available in all 50 states. It also has offices in 25 states. Their debt management programs last between 3 – 5 years.

MMI charges between $ 0 – $ 75 to start up, and an average start-up cost of $ 35. The average monthly fee is $ 24, with a range of $ 0 – $ 50.

Cambridge

Cambridge, a non profit credit counseling agency, helps clients in 48-months. Interest rates can often be reduced from 22% down to around 8 percent. Credit counseling agencies usually offer a credit counseling service to assess your debt management plan and help you decide if it can work for yourself.

There are differences in the costs of startup and monthly fees depending on where you live. On average, start-up costs run $ 42. Their monthly costs average at $ 30. Cambridge’s services are available in all other states than Minnesota.

Green Way

GreenPath Financial Wellness aims to help people pay off their debts within 3-5 year. Their start-up fees range from $0 to $ 50, and an average debt management plan is $ 35. An average monthly fee of $ 29 is charged, and it ranges from $ 0.75 to $ 75.

GreenPath has offices in 50 states. This is a great option for anyone who wants to manage their debt online. If you live in one or more of the 21 states with physical offices, you can visit them in person.

Alternatives for a Debt Management Plan

There are many options to help you pay off your debt. Each plan is different. Here are the alternatives.

  • If you have smaller debts than you can pay on your own you can use debt avalanche to pay the remaining debts.
  • Consolidation loan are for those with excellent credit who want to consolidate all their loans into one low rate loan. A debt consolidation loan lets you decide how long the loan will last and opens up credit if you need it.
  • If you have debts that exceed half of your income, bankruptcy filings are a great way out. Bankruptcy will clear your slate and allow you to start fresh. An experienced bankruptcy attorney is available to assist you in this difficult process.

Frequently Asked Fragen

What is a typical approach to managing debt?

Debt management plans reduce your overall debt via a monthly repayment. They can be an excellent choice if your finances are not in order or you are experiencing difficulties paying.

You can consolidate your monthly debt management payments to reduce your credit card and other debts. This plan can be very beneficial for people with bad credit.

Is a Debt Management Plan bad for credit?

A debt management plan allows people with past due loans to pay off their debts in one lump payment. The program will typically reduce the interest that a person has to pay over the life-of their debt. This can be helpful for those who are having trouble paying.

Experian (TransUnion) and Equifax both agree that a credit management plan will not affect your credit score.

However, your score could drop immediately and it might take a few more months before you get your credit back. The reason is that your credit score will drop if you make lower payments. Your credit rating will bounce back over time with regular, timely payments.

How Long Can a Debt Management Strategy Last?

Plans for debt management typically last from three to five decades. This is how long it will take to pay off your debt and regain your financial stability.

Credit card companies may charge interest rates between 10-20%. This is why debt management programs are so attractive. When credit card companies agree only to charge a minimal interest rate on money used for debt repayment.

People often decide to aggressively manage debt and to use the extra money they get for debt repayment. This can cut down on the amount of time your DMP will last without any penalties.

Overall – Debt Management Plan

Are you looking for a way to consolidate your debts, reduce interest costs and improve your financial standing? The Debt Management Plan could be the right solution for you!

A debt management strategy is when you combine your debts with national foundations to lower interest rates and lower monthly payments. It also allows you to receive financial advice. This greatly reduces the amount of time needed to pay off debt. However, this plan does not cover all your debt.

A debt management plan will be best for you if it is possible to pay your monthly bills. If you have mostly unsecured debt, such as credit card and credit card debts, you can stop taking out new credit lines for three to five months. many years.

Resolve stands out as a leader in the field debt management. Resolve gives you the ability to decide how much you would like to pay each month. It also allows you save an average of $ 2,738 your first year.

You’ll be thankful that you started paying down your debt now!

Michael started Your Money Geek with the goal of making personal finance enjoyable. For over twenty years, Michael has been involved in personal financial planning. His goal is to help families save money, reduce taxes and increase their income. Michael is passionately interested in personal finances, side projects, and all things geeky.

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Brex Launches Brex Venture Debt to Help Existing Clients Scale https://caligarimovie.com/brex-launches-brex-venture-debt-to-help-existing-clients-scale/ https://caligarimovie.com/brex-launches-brex-venture-debt-to-help-existing-clients-scale/#respond Wed, 25 Aug 2021 14:00:00 +0000 https://caligarimovie.com/brex-launches-brex-venture-debt-to-help-existing-clients-scale/ SAN FRANCISCO – (COMMERCIAL THREAD) – American fintech company Brex, the all-in-one financing solution for growing businesses, today launched Brex Venture Debt, a new product that allows select clients to access debt financing. Brex already offers credit cards, cash management accounts, expense management and bill payment software all in one dashboard for its high-growth corporate […]]]>


SAN FRANCISCO – (COMMERCIAL THREAD) – American fintech company Brex, the all-in-one financing solution for growing businesses, today launched Brex Venture Debt, a new product that allows select clients to access debt financing.

Brex already offers credit cards, cash management accounts, expense management and bill payment software all in one dashboard for its high-growth corporate customer base. With the addition of Brex Venture Debt, the company strengthens its promise to offer financial solutions to clients at every stage of their growth.

“Our mission has always been to support growing businesses, and as our clients have grown rapidly, so have our offerings,” said Henrique Dubugras, co-founder and CEO of Brex. “Our venture capital debt solution was created with scale in mind, so we can help founders take their businesses to the next level while minimizing dilution. ”

Brex Venture Debt differs from traditional banking offerings by offering clients longer terms and a faster due diligence process. Brex Venture Debt will be offered to select clients with scalable and recurring revenue in high growth industries including software as a service, consumer and fintech. The entry of Brex into the risky debt market, a key need for growing businesses, is one of many new products the company is launching in response to customer needs.

“Brex Venture Debt will help fuel our growth,” said Roberto Ortiz, co-founder and CEO of the Welcome virtual event platform, one of the product’s first customers. “The Brex offer is much more suited to the needs of growing businesses than what previously existed in the market.

Brex was launched in 2018 by offering the first corporate card of its kind specifically designed to help startups, which historically had difficulty accessing corporate credit cards from incumbents in the industry. Brex has continued to aggressively evolve by providing customers with software that enables faster onboarding times, seamless integration, faster settlement speeds, access to tailor-made products and solutions, and real-time visibility. on all their data and money streams. Brex’s customer base includes tens of thousands of businesses across the United States.

About Brex

Brex is a powerful financial stack designed to serve the next generation of growing businesses. By integrating software, services and products into a single experience, we help customers effortlessly extend the power of every dollar, so they are free to focus on big dreams and rapid growth, without worrying. unnecessary expenses. We are proud to serve tens of thousands of businesses, from small private businesses to many of America’s most beloved public brands. Learn more about brex.com.



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Harmony provides product updates, announces debt settlements and issuance of stock compensation https://caligarimovie.com/harmony-provides-product-updates-announces-debt-settlements-and-issuance-of-stock-compensation/ https://caligarimovie.com/harmony-provides-product-updates-announces-debt-settlements-and-issuance-of-stock-compensation/#respond Wed, 25 Aug 2021 12:30:00 +0000 https://caligarimovie.com/harmony-provides-product-updates-announces-debt-settlements-and-issuance-of-stock-compensation/ New York, New York – (Newsfile Corp. – August 25, 2021) – Harmony Energy Technology Corporation (“Harmony“or the”Society“) is pleased to announce that its Smarten Portable Power Station (” Smarten PPS “) has passed all necessary tests and recently obtained UN38.3, FCC and RoHS certifications. As part of our research and development, the Smarten PPS […]]]>


New York, New York – (Newsfile Corp. – August 25, 2021) – Harmony Energy Technology Corporation (“Harmony“or the”Society“) is pleased to announce that its Smarten Portable Power Station (” Smarten PPS “) has passed all necessary tests and recently obtained UN38.3, FCC and RoHS certifications. As part of our research and development, the Smarten PPS will begin production and sales.

UN38.3 is the current United Nations standard that lithium batteries must meet to receive certification for safe transport and has been adopted by regulators and authorities having jurisdiction around the world. The protocol includes identification / classification of lithium batteries; testing / qualification requirements; design guidelines / conditions and packaging / shipping obligations.

FCC-compliant devices follow rules and regulations set forth by the United States Federal Communications Commission (“FCC”).

RoHS (“The Restriction of Hazardous Substances Directive”) applies to rules restricting the use of hazardous substances in electrical and electronic equipment in order to protect the environment and public health.

Harmony also announces the settlement of accounts payable to an insider of the Company for a total amount of $ 6,000.00 (the “Insider Debt Settlement”), in consideration for the issuance of a total of 60 000 shares (assumed price of $ 0.10 per share). The Board of Directors of the Company believes that this insider debt settlement is an appropriate form of compensation, as well as an effective means of preserving cash flow.

To compensate two consultants, the Company issues 70,000 common shares of the Company as one-time compensation, in lieu of cash consideration at a price of $ 0.10 per share.

About Harmony

Harmony Energy Technologies Corporation is an American technology startup focused on the development of energy storage activities.

DISCLAIMER: Certain statements in this press release may be forward-looking, including those regarding timing. Forward-looking statements deal with future events and conditions and therefore involve inherent risks, uncertainties and assumptions. Actual results may differ materially from those currently anticipated in these statements. The Company relies on litigation protection for forward-looking statements. The reader is cautioned not to place undue reliance on these forward-looking statements.

The Regulation Services Provider accepts no responsibility for the adequacy or accuracy of this release.

For more information, please visit www.hetcusa.com or contact:

Harmony Energy Technology Corporation
Nick Zeng, President and CEO
Email: info@hetcusa.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94328



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Will a personal loan affect your taxes? https://caligarimovie.com/will-a-personal-loan-affect-your-taxes/ https://caligarimovie.com/will-a-personal-loan-affect-your-taxes/#respond Tue, 24 Aug 2021 20:42:51 +0000 https://caligarimovie.com/will-a-personal-loan-affect-your-taxes/ Banks offer many types of loans to help their customers finance various purchases, including: Mortgages for houses Home equity loans for renovations or debt consolidation Auto loans to help finance cars and trucks Personal loans for financing needs that do not fall into a more restricted category. Most don’t require collateral, and you can usually […]]]>


Banks offer many types of loans to help their customers finance various purchases, including:

  • Mortgages for houses
  • Home equity loans for renovations or debt consolidation
  • Auto loans to help finance cars and trucks
  • Personal loans for financing needs that do not fall into a more restricted category. Most don’t require collateral, and you can usually use the money however you want.

Loans have their pros and cons, and when it comes to money it is always important to consider the tax implications. For example, mortgage interest is often deductible as an itemized deduction on your tax return. Tax savings can make a huge difference in the overall cost of owning a home.

Unfortunately, other types of loans generally do not offer tax benefits. Indeed, they can sometimes have negative tax consequences.

Below, we’ll take a closer look at personal loans to show you how they can affect your taxes.

Borrowed money is not taxable income – usually

The first thing to recognize is that when you take out a personal loan from a bank or other financial institution, it will not be treated as taxable income. Of course, you get the money now, but you also assume the obligation to pay it back at some point. Just as you will not be able to deduct the principal repayment when you repay the loan, you will not have to pay tax on the loan proceeds when you receive them.

An exception to this rule is when you get a personal loan from someone who has a relationship with you rather than an impartial third party financial institution. For example, if your employer gives you a forgivable personal loan and doesn’t expect to be repaid, the IRS might choose to treat that money as a form of compensation. In this case, you will need to record the amount “loaned” as income. However, such loans are extremely rare, and as long as you are expected to repay the loan in good faith, it would be difficult for the tax authorities to argue that you should treat the loan as income.

Another exception is interest income. If you borrow money and keep it for a period of time in your high yield savings account, the interest you earn is reportable and taxable.

Interest on personal loans is generally not tax deductible – with a few exceptions

Once you take out a loan, you will need to pay interest at regular intervals. Those accustomed to deducting interest on other types of loans – especially mortgages and home equity loans – might wonder if interest on personal loans is also eligible for the deduction.

The answer to this question depends on how you use the money.

The general rule of the IRS is that if you take out the loan for purely personal purposes, the interest on the loan is not tax deductible.

If the loan was taken out for an eligible deductible purpose, however, you can deduct the interest you pay on it.

For example, if you borrow money to make an investment, the interest paid may be treated as eligible investment interest eligible for a deduction from your investment income. This happens most often in the brokerage context, when you take out a margin loan against the value of your investment portfolio and use it to buy additional investment securities. In this case, the interest is almost always deductible because there is a clear and direct link between the loan and your investing activity.

With a personal loan, you are allowed to use the proceeds for any purpose you see fit. You will therefore have to prove that you used the loan to make an investment in order to deduct the interest accordingly. However, if you can do that, then you will have a reasonable argument that the interest should be deductible.

The same argument applies to other types of deductible expenses. Using a personal loan to start a business makes interest a business deduction.

Because there are many possible cases in which your interest payments may become a tax deduction, it is important to document your use of the funds.

Loan forgiveness usually creates taxable income

The tax-exempt nature of a personal loan depends on whether you will have to repay it. If the loan is later canceled, you will usually need to include the canceled amount as income. This is because of the provisions known as debt cancellation, which requires taxpayers in most situations to recognize the canceled debt as income.

However, the rules vary from situation to situation, depending on what prompted the creditor to give up your personal loan. If you file for bankruptcy and get a court order canceling your personal loan debt, specific bankruptcy laws prevent you from having to recognize the canceled debt as taxable income.

In contrast, a decision by your creditor not to force you to repay the loan may result in taxable debt income forgiveness. This can happen if you enter into a debt settlement agreement and your creditor gives up all or part of a personal loan. This is because likely tax liability makes settled debts much more costly than you might think just by looking at online listings from professional debt settlement companies.

It’s always worth checking to see if any special exemptions apply, but you’ll usually have to pay the IRS something if your loan is canceled.

Know the score with personal loans and taxes

Personal loans are designed to be flexible and easy to manage because they will have fewer restrictions and specific requirements than specialty loans like mortgages or home equity loans. However, the tax advantages are not always so great with personal loans. By knowing the general rules governing personal loans and the tax consequences, you will further avoid unpleasant surprises and manage your tax liability appropriately.



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Are you eligible for debt consolidation? Control List https://caligarimovie.com/are-you-eligible-for-debt-consolidation-control-list/ https://caligarimovie.com/are-you-eligible-for-debt-consolidation-control-list/#respond Tue, 24 Aug 2021 13:39:15 +0000 https://caligarimovie.com/are-you-eligible-for-debt-consolidation-control-list/ If you are wondering whether or not you will qualify for debt consolidation loans, you are already trying to deal with the debt problem, which is a good sign. If you are considering the benefits of debt consolidation and whether you will qualify for them, you are also on the right track. Naturally, there is […]]]>


If you are wondering whether or not you will qualify for debt consolidation loans, you are already trying to deal with the debt problem, which is a good sign. If you are considering the benefits of debt consolidation and whether you will qualify for them, you are also on the right track.

Naturally, there is a bit of uncertainty in taking out debt consolidation loans. Although people with the worst credit score are eligible for debt settlement programs, they are not eligible for debt consolidation.

So what are the factors that make you eligible for debt consolidation? Alpine credits has a few points to share with you in this regard.

Factors to Consider in Determining Eligibility for Debt Consolidation

There are three main factors you should keep in mind when determining your eligibility for debt consolidation. They are:

  • Your Secured Loans Cannot Be Consolidated With Debt Consolidation Loans
  • You can either have a good credit rating or find lenders who offer high interest loans even with low ratings.
  • The debt service ratio should be around thirty-five percent or less

Let’s take a look at each of these three criteria in detail.

Debt consolidation is only about unsecured debt

So, are you eligible for debt consolidation? You must understand that you are only allowed to consolidate debts on your unsecured loans. As a general rule, you cannot embed debts secured by collateral. These debts include:

  • Auto loans
  • Home equity lines of credit
  • Mortgages

You are allowed to consolidate all of your unsecured debts, which are debts that do not need collateral. These debts include:

  • An unsecured personal loan
  • Student loans
  • Tax arrears
  • Credit card debt
  • Personal line of credit

While consolidating to pay off your debts, incorporate all of your current accounts. This will greatly simplify your bill payments and pay off your debts faster. Think of it this way, rather than making multiple payments, you will only need to pay one bill per month. It will be especially useful for people with multiple lines of credit with a different monthly payment date.

Good credit scores deserve good interest rates

You must have a good credit rating to get the right interest rates for your debt consolidation loan. If the credit rating does not look good due to collection accounts and missed payments, it will be difficult for you to qualify for the loans.

In many cases, individuals have such a low score on their credit reports that they simply cannot find lenders who will approve their loan. Now, even if they eventually qualify for the loan, the interest rate is higher than usual.

Also, consolidation will not help you when the interest rate you are entitled to is higher than the interest rate you are paying on your current accounts. After all, lowering interest rates won’t help you save much, and you’ll continue to pay almost the same amount every month. A debt consolidation loan will only benefit you if the interest rates are not higher than your current payments.

It is also true that lenders have different criteria for borrowers to be eligible for debt consolidation loans. While some lenders accept high credit card balances and low credit scores, others have more stringent criteria.

The fact remains that eligibility for all loans, even secured mortgages using houses as collateral, is difficult to achieve with a credit score below 600. Credit score requirements are higher for unsecured loans because the lender has no collateral to fall back on. in case you don’t repay your loan.

Debt consolidation loans are not for you when your score is low. It is better to look for other means in this case.

Lenders Consider Your Debt Service Ratio

When assessing your debt consolidation application, lenders usually take your debt service ratio into account. The debt service ratio refers to the percentage of gross monthly income required to make the minimum debt payment, which includes payments on secured debt and unsecured debt.

For example, if you earn around $ 4,000 per month and pay a minimum of $ 1,500 per month to stay up to date on your debts, the debt service ratio rises to 37.5%.

Lenders generally have different debt service ratio limits for debt consolidation loans. They will factor your new loans into the debt service ratio calculation. You might have a hard time getting approval from a lender when the ratio is too high.

According to most experts, the ratio should stay at thirty-five percent. Depending on the requirements of the lender, you might get approval even with higher ratios. But you will need a high income percentage to cover the monthly debt payment. Ultimately, you will start to live paycheck to paycheck and never be able to make ends meet.

What Happens When You Do Not Qualify For Debt Consolidation Loans?

These loans are not for every individual. Many people who are looking for such loans have reached a point where even loans cannot help them. Their debt may be too high to qualify, and their credit rating may be too low to be approved.

It’s time to consider other options when the majority of lenders tell you no. In this case, you can contact a credit counseling business. They will assess your budget and your debts to indicate the solutions adapted to your needs.

In most cases, they ask people to go for debt management plans, which are basically repayment plans organized by credit counseling agencies. It lowers the interest rate charged on the balance and allows you to pay off the debts in a single monthly payment, much like a consolidation.

The bottom line

You may be eligible for unsecured debt consolidation if your credit ratio is good and the debt service ratio is not high. However, if you cannot qualify for a debt consolidation loan, it is best to go for a debt management plan from a credit counseling agency. But remember: you have to be prepared to make the spending changes necessary for any way of working.



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Review of 2021 Debt Relief Programs https://caligarimovie.com/review-of-2021-debt-relief-programs/ https://caligarimovie.com/review-of-2021-debt-relief-programs/#respond Mon, 23 Aug 2021 23:57:10 +0000 https://caligarimovie.com/review-of-2021-debt-relief-programs/ The first thing to tell yourself if you find yourself facing more debt than you can afford to pay off, is that you are not alone. Indeed, financial problems have plagued many people in the wake of the pandemic and the general confusion it has caused. Whether or not your dire situation is related to […]]]>


The first thing to tell yourself if you find yourself facing more debt than you can afford to pay off, is that you are not alone. Indeed, financial problems have plagued many people in the wake of the pandemic and the general confusion it has caused. Whether or not your dire situation is related to the global hiatus, dealing with it yourself might prove too difficult. If you mismanage the process, you could incur legal liability. Debt also seems to inevitably drain your budget, making settlement even more daunting.

The above concerns are exactly what is driving a growing number of debtors to engage in dedicated relief programs such as Stoppers‘. This article explores what is good and what is not about the debt settlement options available to people in 2021, with a focus on who is likely to benefit from which intervention.

The perils of being in debt

People who owe large amounts of money to other people and / or institutions often have difficulty paying their debt on time. The non-repayment of the amount owed can trigger legal proceedings (or less legal proceedings) involving all kinds of risks for the property and the financial situation of the person, in particular the following:

  • Foreclosure. This term refers to a situation where real estate used as collateral for a loan is forcibly sold to secure repayment, which means the homeowner will most likely lose their home due to debt.
  • Repossession. The word, often abbreviated as repo, refers to the self-help practice of withdrawing property you own from a debtor who currently has it, usually with a view to a future sale. This procedure is most often applied to cars and trucks.
  • Wage garnishment. This means that part of your salary is withheld and sent directly to your creditor rather than being remitted to you.
  • Harassment by creditors. Indeed, debtors are likely to feel wanted at times. The specific tools and practices are up to the creditor, but your overall experience will most likely be unpleasant, to say the least.
  • Loss of credit score. Especially true when it comes to credit card debt, this side effect can cast a shadow over your future even after your situation improves.

Relieve the burden

The US government has introduced amendments to its Bankruptcy Code to ease the burden on the country’s citizens in debt. In particular, new sections have been included, known as Chapter 7 and Chapter 13, allowing individuals to file for bankruptcy when debts accumulate beyond the point where they can repay them.

Under Chapter 7, you are supposed to sell part of your property in order to settle the debts. This is often the most viable option for people with limited incomes, as it still avoids the losses associated with not paying off your debt. More optimistically, Chapter 13 promises to let you keep your property through a reorganization – that is, establishing a new repayment plan.

Unfortunately, filing for bankruptcy under either chapter can be complicated, especially when your financial records aren’t particularly tidy or the situation is otherwise confusing. The debt reduction companies will take care of representing you in court and gathering all the necessary papers. Ideally, experts start by analyzing your debts to find the solution associated with the lowest costs.

The benefits and costs

A debt relief program can be extremely beneficial provided it is professional. The program should be tailored to your needs as a debtor, taking sufficient account of your income and structure, expenses and other relevant aspects.

Probably the biggest benefit of quality debt relief services is that they save your time and property. By delegating your responsibilities to an expert, you will finally stop receiving calls from aggressive collectors and forget about huge tax returns. The decision also increases your chances of resorting to the best possible solution based on your situation.

Quite naturally, the benefits come at a cost. Relief is provided on a paid basis, so it is advisable to seek out a company that offers free consultation before signing an agreement. This way you will know that you can count on the professionals.



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