The Albanese government is promising to make it easier for young Australians with student debts to buy a home by urging regulators to reassess the role of those debts for banks granting mortgages. Student debt is often taken into consideration by lenders who consider the impact of the debt on income. The federal government has…
Treasurer Jim Chalmers has revealed how Aussies with HECS debt could find it easier to get a home loan, while mortgage broker Maddie Walton explained how the system works now. (Source: Getty/Supplied) Australians with HECS debt may find it easier to buy a property after a “common sense” government push for student loans to be…
ABA Welcomes Further Clarity On Treatment Of HELP Debts The National Tribune Read the original article here
(Bloomberg) — If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the US bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal…
SYDNEY (Reuters) – Australia’s centre-left Labor government has asked financial regulators to help would-be home buyers with student loans to enter the property ladder as it faces a tough election where sky-high housing costs have seen its popularity plunge. At the request of Treasurer Jim Chalmers, financial regulators said they would make it easier for…
The government has extended its “You Fight, We Help” project, offering further support to small non-bank debtors. Deputy Finance Minister Phaophum Rojanasakul announced that the Cabinet has approved the extension with two key measures. Measure 1: “Pay Directly, Preserve Assets” This measure targets non-bank debtors in arrears as of October 31,…
A MAN who had over $70,000 drained from his account by his wife the year she divorced him is now facing terrible debt problems. Nicholas, a small business owner in Boston, Massachusetts, owes six figures in tax and has been struggling to make ends meet for several years. 3 Nicholas, a small business owner in…
Steven Church and Reshmi BasuBloomberg News (TNS) If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in…
Australians with debt should be treated fairly when they want to buy a house, the treasurer says. (Dave Hunt/AAP PHOTOS) Home ownership will be made easier for Australians with outstanding student debt after financial regulators promised to update their guidance on lending restrictions. Regulators ASIC and APRA have agreed to clarify their guidance to lenders,…
Cannabis Industry Faces Debt Reckoning Without Bankruptcy Help Bloomberg Read the original article here