Almost half of British adults are in currently in debt 46% of the population are living with an average of 6,465 in debt The rising cost of owning and running a home listed as the top causes of debt ALMOST HALF of UK adults are currently in debt and believe the rising cost of independent…
One man presides over most, if not all, of the corporate insolvency resolution cases in the country ever since the Insolvency and Bankruptcy Code came into force in 2016. Justice Sudhansu Jyoti Mukhopadhaya, a 69-year-old retired Supreme Court judge, has headed the National Company Law Appellate Tribunal since its inception in June 2016 and all…
Bernie Sanders and Elizabeth Warren have both said eliminating student debt would help black families attain more wealth. Currently, black college grads from four-year schools take on $US7,400 more in loans than their white peers. A 2018 analysis by the Roosevelt Institute found that white families have 12 times the amount of wealth as black…
Desperate Dundonians have the highest personal debts in Scotland after turning to credit cards and loans to survive. The average debt is an astonishing 20,000 and money experts blame a combination of the controversial Universal Credit system plus poor pay packets in the city. The latest figures for personal debt index (PDI) have been revealed…
Our wholly owned subsidiary, JSW Steel Coated Products Limited (JSWSCPL) had submitted a resolution plan for Asian Colour Coated Ispat Limited (ACCIL), a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (Code). The Committee of Creditors of ACCIL has issued a Letter of Intent (LOI) dated 6th July, 2019 to JSWSCPL…
By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective strategy for addressing consumer…
By Allan Sloan, With the Fourth of July just passed, this seems like a good time to bring some independent thought to bear on how to liberate millions of Americans from one of our countrys major problems. And to suggest a few ways to do this without setting off divisive disputes. The problem…