VERIFY: Yes, the recent student debt forgiveness change is just a tiny fraction of total student debt – WKYC.com

Debt Help

Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…

IBC activity likely to see gradual rise after resumption, say experts – Business Standard

Liquidation

Business Standard The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 TopicsInsolvency and Bankruptcy Code|Indian companies|Indian corporates After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are…

Grocon administrators advise against liquidation, large creditors to get 3c in the dollar under proposed plan – NT News

Liquidation

Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries – many of them dormant – in the hands of KordaMentha, blaming its plight on the…

Debt relief is just the first step toward racial equity in agriculture, say senators – Successful Farming

Debt Help

The federal promise of $4 billion in debt relief for minority farmers, part of the Biden administrations $1.9 trillion pandemic relief package, is a step toward justice, said three Democratic senators on Monday. They said the next step should be passage of legislation to root out discrimination at the USDA, transfer up to 32 million…