Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
Enlarge this image Education Secretary Betsy DeVos is proposing new rules to the Borrower Defense program. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images The U.S. Education Department is proposing changes to Obama-era rules that offer debt relief for students who were defrauded by their colleges. If you attended a school that misled…
Rising domestic demand coupled with slack utilization rates will help debt-burdened India Inc to draw some relief over the next two years as earnings will grow faster than debt, enabling them to meet higher demand without further investments, says a report. “We foresee a profit upcycle for India Inc, as revenues expand but capital expenditure…
Debt consolidation loans are appealing as they will help you to get the most out of paying off many debts. There are five great points about these loans that make them so indispensable and necessary for your life. 1. It is easier for you to manage your debts with a debt consolidation loan. The…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday, July 25, 2018 resolved the stay order against Chennai based, Shriram EPC in connection with a petition filed by ACRE (Asset Care & Reconstruction Enterprises) under Corporate insolvency Resolution process of the corporate debtor. The NCLAT accepted the stand that there was no default on…
In probably the first petition to be filed after an ordinance brought homebuyers on par with financial creditors, an investor has moved the National Company Law Tribunal, Delhi, seeking to initiate corporate insolvency resolution process in respect of a builder who not only failed to handover possession of residential unit despite missing the deadline five years…
KUALA LUMPUR (BERNAMA) – The staff at Malaysia’s national palace, the Istana Negara, on Friday (July 27) banded together to launch the collection of funds to help pay the country’s national debt. Comptroller of the Royal Household Wan Ahmad Dahlan Ab Aziz said the launching of the Tabung Harapan Malaysia (THM) at the Istana Negara was a…
The number of people declared insolvent hit a six-year high in the three months to June as the squeeze from high inflation, meagre wage rises and benefit cuts hit the finances of low-paid workers. Individual insolvencies totalled 28,951 in the second quarter, a jump of 4.4% on the previous quarter and 27.3% on the same…
new Alex Ralph BTs adjusted earning rose, helped by restructuring-related cost savings and bigger margins on its EE mobile phone handsetsPHIL NOBLE/REUTERS The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform…
The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform the telecoms groups operating model had led to the reduction of about 900 roles and improved its cost performance. Adjusted earnings rose…