Amid an epidemic of mortgage stress, a perfect financial storm is on the way, experts warn – ABC News

As Australia’s levels of household debt hit historic highs, experts are warning of a perfect financial storm on the horizon for struggling home owners with a surge in repayments set to hit interest-only home loans over the coming 12 months. Key points: Mortgage stress is surging as household finances become increasingly stretched The situation…

Luby’s to close more restaurants to help pay off debt amid declining sales – KTRK-TV

HOUSTON, Texas (KTRK) — Luby’s announced it plans to shutter more restaurants after closing eight properties in May due to declining sales. The sale totaled $11.6 million, helping the company pay down its $39.5 million outstanding debt. President and CEO Chris Pappas says the company plans to sell off more properties. It’s also looking at…