Student loan debt is a huge financial burden for many millennials entering the workforce. Because of it, young professionals are jumping from one job to another searching for bigger and better pay to help drive down their monthly bill. In an effort to retain young talent, employers such as PricewaterhouseCoopers are offering to assist with…
The number of student loan debtors owing over $100,000 under the federal government’s Higher Education Loan Program (HELP) is over five times higher than five years ago, according to the latest official figures. Taxation statistics released this month reveal a rapid escalation of student debt; nearly 11,000 people owe the government over $100,000 in 2015-16, up from…
A woman who admitted stealing almost £100,000 from her employers has been jailed for 18 months. Natalie Akinola, aged 32, of Owens Croft in Kings Norton, Birmingham, siphoned off payments into her own accounts – leaving the family-run ESS Electrical Contractors so deep in debt, it was forced into liquidation. Akinola began working for ESS…
NEW YORK, April 18, 2017 /PRNewswire/ — Teneo Holdings, the global CEO advisory firm, today announced that its Capital division (“Teneo Capital”) is expanding its Restructuring practice through the addition of several new team members. Teneo Restructuring advises debtors, creditors and key stakeholders in financial restructurings, distressed mergers and acquisitions, and other special situations, both…
State treasurer and gubernatorial hopeful John Chiang is wading into the increasingly high-profile debate over college affordability with a new push for California to play a role in alleviating the burden of high-interest private student loans. Chiang is sponsoring legislation that would create a $25-million fund that would offer a degree of protection to student…
Dive Brief: Hy-Vee recently announced it restructured corporate departments to focus on growth in its dedicated health and wellness sections, restaurant operations and information technology, according to a company release. The process will add 70 new staff positions in the weeks ahead. 50 of those jobs will go to Hy-Vees IT department, which will work…
The World Bank has ranked India 136 for insolvency resolution in 2017, down from its position in 2016 despite the Indian governments hard push towards new insolvency laws. A new regime to deal with insolvency and bankruptcy has been established. In theory, it looks great. But the ills that plague Indias corporate world have not…
MPs have accused the former owners of turkey ham producer Bernard Matthews of “lining their own pockets” in a deal that saw the company’s defined benefit pension scheme fall into the Pension Protection Fund. On Saturday (13 April), the Work and Pensions select committee published letters from the firm’s administrator which revealed Rutland Partners, the owners, had…
Analysts say that faster resolution of smaller cases would encourage investments in startups. In what could come as good news at a time when many startups are shutting operations, the Insolvency and Bankruptcy Board of India (IBBI) is considering a proposal to expedite the resolution of smaller and less complicated cases. This also includes those…