Faith-based organizations are commending a new pastoral letter from the Canadian Conference of Catholic Bishops (CCCB) pressing the Global North to wipe out low-income countries’ crippling debt and consider the ecological burden it has placed on the Global South. Forgive us our Debts: Pastoral Letter on Debt Forgiveness in the Jubilee Year, authored by the…
A new report by FinCap says the ongoing cost-of-living crisis has led to an increased debt burden for many people. Photo: RNZ Financial mentors say problem debt isn’t only a problem for the lowest-paid New Zealanders, and action is needed to stop debt collectors “deliberately distressing” struggling people. FinCap, which represents the country’s financial mentors,…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
Education Minister Jason Clare is delighted his student debt relief bill has passed both houses of parliament. Photo: Facebook. Labor’s student debt relief legislation has passed the Senate, guaranteeing a 20 per cent cut for higher education students currently owing the government money for their studies. The HECS Bill, the first piece of legislation the…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
LOGAN, Utah — This week, 21 human service professionals across Utah completed a 10-week training program and are now provisionally certified as Community Justice Advocates. These advocates will begin a 10-week intensive supervision period under the direction of licensed attorneys, during which they will support people navigating legal challenges related to debt collection that often…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
Small businesses are experiencing elevated debt stress at more than double the rate of non-business owners. Photo: 123RF Consumers are getting on top of their debts, but it is a different story for small businesses, with liquidations on the rise. Credit reporting firm Centrix said June’s data paints a complex picture, with a slight year-on-year…
Timaru company owes IRD more than $900k The Press Read the original article here