Can you have debt forgiven before you miss a payment?

A common misconception about debt forgiveness could cost borrowers valuable time and money. PM Images/Getty Images Household budgets have been under increasing amounts of pressure recently as sticky inflation, elevated borrowing costs and record levels of consumer debt squeeze many people’s budgets to their limits. That, in turn, is putting many borrowers at risk of…

IBC Moratorium Against Company Doesn’t Bar Consumer Complaints Against Promoters, Directors : Supreme Court

The Supreme Court on Monday (July 27) observed that an operation of a moratorium under the Insolvency & Bankruptcy Code, 2016, against a residential project development company would not be a ground to reject the consumer complaints against its promoters/directors. “In the present case, Respondent No.1 alone is the corporate debtor against whom the CIRP…