Student loan help on the way to tackle debt crisis

The new Education Secretary has signalled plans to overhaul the student loan system to cut graduates’ cost of living – opening the door to another multi-billion-pound spending commitment. In an interview on Monday, Lucy Powell indicated ministers were considering changes to both the repayment threshold and the interest rate on Plan 2 loans. Interest is…

Arconic Foundation helps eliminate medical debt

The  Arconic Foundation, through a partnership with national nonprofit Undue Medical Debt, has helped abolish nearly $30 million in medical debt for communities near Arconic facilities in Iowa, Pennsylvania, Indiana, New York, and Tennessee. (The Arconic Davenport Works in Riverdale employs about 2,500 workers.) Individuals who qualified received a letter in Undue Medical Debt-branded envelopes…

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Scottish family-run restaurant in HMRC court liquidation

A petition against Café Gandolfi Limited, of Albion Street, was presented to Glasgow Sheriff Court for His Majesty’s Revenue and Customs in April. Now a liquidator of the company was appointed. Liquidator appointed to restaurant after HMRC court action (Image: Gordon Terris) Colin Murdoch, an insolvency practitioner at Murray Stewart Fraser, was appointed liquidator, according to a…