Couple has $520,000 in debtand wife had no idea: 'We've been living a life maybe we shouldn't be living' – CNBC

It’s not uncommon for people to keep financial secrets from their partners. Nearly 1 in 4 Americans in relationships admit to keeping a money-related secret from their significant other, according to a 2023 Bankrate survey. A $520,000 secret is a pretty big one, though. That’s how much debt Aldo was hiding from his wife Cassandra,…

Debt-for-nature swaps: A viable alternative for vulnerable economies amid global challenges – White & Case LLP

The concept of debt-for-nature swaps (DFNSs) was first introduced in the 1980s for conversion of debt owed to creditors by developing countries that were unable to service their external debt. Over the past 30 years, a whole range of different debt treatment operations has been developed under the umbrella of DFNSs involving both commercial debt…

Cabinet allocates 4.9 billion baht to help ease debt burden of small businesses – Nation Thailand

Kharom Polpornklang, a deputy government spokesman, said on Tuesday that the approved package comprises three key measures, namely: Debt moratorium for SMEs: A debt moratorium will be offered to small businesses grappling with financial challenges in the wake of the Covid-19 pandemic. Soft loans for loan shark victims: Soft loans will be provided to debtors…

Thailand approves debt support for smaller firms, debtors – PM – Marketscreener.com

BANGKOK, Dec 19 (Reuters) – Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address the country’s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service…