Can a COVID-stricken Business Walk Away from a Bounce Back Loan Debt? – Lawyer Monthly Magazine

While businesses recover from cash shortfalls and adapt to constantly shifting public health measures, the financial health of all sized businesses remains at serious risk. Larger businesses with naturally more cash reserves than smaller businesses are well equipped to withstand the pressures posed by the pandemic, however, the impact is likely to be grave following…

‘It’s time to go big’: Elizabeth Warren makes aggressive push for student-debt cancellation – MarketWatch

What would it mean to cancel student debt? A variety of opinions were on display during a hearing convened Tuesday by Senator Elizabeth Warren, a Massachusetts Democrat, her first as chair of the subcommittee on economic policy. For Warren, who has been urging President Joe Biden to cancel up to $50,000 in student debt since…

Business – Nobiskrug’s insolvency explained – Superyacht News – The Superyacht Report

The provisional insolvency administrator isin the process of analysing the companys financial position Nobiskrug, the German shipyard that specialises in the construction of custom superyacht projects over 60m, has filed for insolvency. The Neumnster district court has appointed Hendrik Gridmann, a restructuring expert from Hamburg law firm, Reimer, as the provisional insolvency administrator. Gridmann and…

The student debt burden and its impact on racial justice, borrowers, and the economy – Brookings Institution

Chair Warren, Ranking Member Kennedy, and Members of the Committee, thank you for the opportunity to testify today. Federal student loans impose a crushing burden on many borrowers, particularly those who enroll in programs where most students dont finish, programs where most graduates are unable to find a job, or programs where debts incurred are…