Tag: Distressed Debt
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‘Magnificent Seven,’ meet the ‘Junk Bond Five’ spurring rally in distressed debt
[ad_1] “Magnificent Seven,” meet the “Junk Bond Five.” The stock market isn’t the only place where a handful of companies are driving powerful gains. It’s happening too in distressed high-yield, or “junk bonds.” Debt issued by Altice USA Inc. ATUS, -2.30%, Carvana Co. CVNA, -4.02%, Community Health Systems Inc., CYH, +3.43% Lumen Technologies Inc. LUMN,…
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Court-imposed fines and fees are ‘entrapping’ poor people: Justice Department
[ad_1] The Justice Department urged state and local court systems in a recent letter to re-examine their policies surrounding fines and fees, emphasizing that “unjust” sanctions cause low-income people “profound harm,” leave communities of color drowning in prolonged periods of debt, and even violate adults’ and children’s civil rights. “The unfettered imposition of fines and…