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
Today, at the 2024 United Nations Biodiversity Conference, Conservation International, The Nature Conservancy, The Pew Charitable Trusts, Re:wild, The Wildlife Conservation Society, and World Wildlife Fund in the US announced the formation of a coalition to scale climate and conservation outcomes through the use of sovereign debt conversions. The Context The world is facing dual…
A report presented to the Corporate Services Committee revealed that West Dunbartonshire Council’s debt management team collected 97.29 per cent of the £92.1 million owed in non-domestic business rates. However, members agreed to write off £637,211 of non-domestic business rates dating back to 2019, after all collection avenues were exhausted. The majority of this sum…
Trump claims Elon Musk’s DOGE ‘geniuses’ have found ‘very fraudulent stuff’ Fortune Read the original article here
Trump expresses confidence Democrats will help extend tax cuts The Hill Read the original article here