Puerto Rico power debt relief deal falls apart – Bristol Herald Courier (press release) (blog)

SAN JUAN, Puerto Rico (AP) A deal to restructure Puerto Rico’s troubled power utility’s $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the proposed bond swap, including putting a debt payment charge directly on customers’ bills. … Read the full article at: http://www.heraldcourier.com/news/world/puerto-rico-power-debt-relief-deal-falls-apart/article_6c1d5a9f-5f7a-5a1f-bf41-a38492c1d3c2.html

debt consolidation – CHOICE

Following an in-depth investigation, ASIC is warning consumers to steer clear of debt management businesses that promise to clean up your financial life in one fell swoop. The kicker is that many such operations also called debt consolidation firms charge high upfront fees for services you could do yourself for free, including challenging incorrect information…

Raiding super to pay off HELP debts would compromise retirement outcomes: ASFA – Professional Planner

The Association of Superannuation Funds of Australia (ASFA) has urged caution regarding a proposal to allow individuals with a tertiary education fees debt (HELP debt) early access to superannuation to pay off that debt, citing its negative impact on retirement outcomes. ASFA recommends that before any proposal to extend the uses of superannuation is considered,…