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Daily Archives: August 23, 2024

Man raises money to pay off school lunch debt – KOLD

Debt HelpBy EditorAugust 23, 2024

Man raises money to pay off school lunch debt  KOLD Read the original article here

Here’s why Adani Power’s shares are in news today; check details | News on Markets

LiquidationBy EditorAugust 23, 2024

2 min read Last Updated : Aug 23 2024 | 10:58 AM IST Shares price of Adani Power rose as much as 2.24 per cent at Rs 689 per share on the BSE in Friday’s intraday deals. The Adani share price soared after the Hyderabad Bench of the National Company Law Tribunal (NCLT) approved…

Online Gaming Addiction Fuels Dangerous Debt Cycle Among Hubballi Teens

Debt HelpBy EditorAugust 23, 2024

By B Kishan Singh, Hubli EXPRESS News: A recent incident in Hubballi has brought to light a disturbing network of illegal money lenders operating in the twin cities, specifically targeting minors. The case involves a ninth-grade student who borrowed money from a classmate in the tenth grade, who had obtained the funds from a private…

IBBI’s self-regulatory guidelines for CoC may not be effective: Experts | Finance News

BankruptcyBy EditorAugust 23, 2024

5 min read Last Updated : Aug 23 2024 | 5:55 PM IST The recently announced guidelines by the Insolvency and Bankruptcy Board of India (IBBI) for the committee of creditors (CoC) are a step in the right direction, but Insolvency and Bankruptcy Code (IBC) experts feel that they will not be effective unless…

Number of bankrupt firms is at highest level in six years – Insolvency Service report – Insider Media

LiquidationBy EditorAugust 23, 2024

Number of bankrupt firms is at highest level in six years – Insolvency Service report  Insider Media Read the original article here

I Tried ChatGPT to Help Knock Out an $18K Debt. It Went Comically Wrong

Debt HelpBy EditorAugust 23, 2024

In a society that normalizes debt, most people have multiple repayment responsibilities every month: credit cards, mortgages, car loans, student loans, lines of credit and personal loans.  Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall…

Company insolvencies rise 17% on year in England and Wales – Reuters UK

BankruptcyBy EditorAugust 23, 2024

Company insolvencies rise 17% on year in England and Wales  Reuters UK Read the original article here

How the changes to higher education debts will affect you

Debt HelpBy EditorAugust 23, 2024

How will the change work? The government will make the change retrospective, once it passes legislation. Given the wage price index up until September last year had been below 4 per cent, it means the indexation rate for June 1, 2023, will be slashed from 7.1 per cent to 3.2 per cent, and the rate…

Debt payments by countries most vulnerable to climate crisis soar | Debt relief

Debt HelpBy EditorAugust 23, 2024

Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the start of the coronavirus pandemic and now stand at their highest level in more than three decades, campaigners have warned. The Debt Justice charity said countries at the highest risk of being affected by global heating were paying 15.5%…

SC refuses to stay CoC operations in Byju’s insolvency case | Latest News India

BankruptcyBy EditorAugust 23, 2024

The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders. A bench, led by Chief Justice of…

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