The Trump Administration Has Yet to Approve a Single Student Debt Relief Claim – Mother Jones

Debt Help

Susan Walsh/AP For-profit college magnates Corinthian Colleges and ITT Technical Institute shuttered operations in recent years after facing state and federal investigations into fraudulent and predatory practices. After the school chains closed, tens of thousands of students who borrowed money to attend them found themselves with worthless diplomas and saddled in debt. The Department of Education under…

Insolvency and Bankruptcy Code not to be amended: Government sources – Hindustan Times

Bankruptcy

The Insolvency and Bankruptcy Board of India (IBBI) has opined that sector-specific amendment cannot be done to the Insolvency and Bankruptcy Code (IBC), said government sources. They also ruled out any new provisions to protect homebuyers of real estate firms such as Jaypee Infratech and Amrapali Silicon City project. The housing ministry had recommended amendments…

Freedom Debt Relief Promotes Jason Pack to Senior Vice President of Operations – PR Newswire (press release)

Debt Help

In his new position, Pack will be responsible for customer service, payment operations, settlement negotiations and underwriting. Based in FDR’s Tempe, Arizona, office, he will manage the company’s fast-growing operations. FDR recently became the first company in its industry to surpass the $7 billion mark in total consumer debt resolved, and continues to grow at…

General Electric’s turnaround plan has investors dumping the stock – Business Insider Australia

Restructuring

General Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan. The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged. GE is looking for a shot in the arm, having fallen…