State backs $38.5M in debt relief for SUNY Poly – Albany Times Union
… Read the full article at: http://www.timesunion.com/news/article/SUNY-Poly-getting-30-million-to-help-with-NFX-12208465.php
8.3 million UK families are living in debt right now – what you can do about it – Mirror.co.uk
More than eight million people across the UK are living with problem debts, according to the Money Advice Service (MAS). Some 8.3 million people across the UK are estimated to be living in the red, the report from the MAS and CACI found. In some parts of the UK, more than one in five adults…
Toys “R” Us Australia reassures staff, suppliers after parent files for bankruptcy – The Australian Financial Review
Toys “R” Us Australia is working with law firm Gilbert + Tobin to help navigate its future after its New York-headquartered parent filed for bankruptcy, Street Talk can reveal. It is understood G+T’s distressed debt team was retained by the company locally and has been advising in conjunction with restructuring law firm Kirkland & Ellis in the United States, which is acting…
This ex-Googler thinks she’s found the trick to ending Millennial job hopping – Business Insider
When Laurel Taylor launched FutureFuel in 2016, she had one goal in mind: Put a dent in the $US1.47 trillion in student debt (and growing) held across the United States. FutureFuel helps companies offer student debt repayment as an employee benefit. Among its customers are Mashable and Affinity. Users today prefer student debt repayment over…
‘They just kept topping it up’ – how one credit card user fell £28000 in debt – The Guardian
Tracy Banhams credit card limit was raised several times without asking, despite her making only the minimum payments. This left her with more than £28,000 of borrowing to repay alone. The mother of two from Radcliffe, Greater Manchester, used the cards to support her and her husband after their successful engineering company which supplied parts…
Sinking under a heavy debt load? There’s help – Chicago Tribune
Dear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in…
Britain’s debt timebomb: FCA urges action over £200bn crisis – The Guardian
The government needs to step in to help tackle the mountain of debt being racked up by the most vulnerable consumers in Britain, the chief financial regulator has warned, as new data shows that personal debt burdens are continuing to rise. New figures seen by the Guardian showed the worsening consequences of Britains borrowing binge.…
Britain’s debt hotspot: how Newham is making ends meet – The Guardian
Its only just gone 9am at the Stratford Centre in east London, but the debt advice centre in the shopping mall is already full. Three miles from the gleaming towers of Canary Wharf in a former clothes shop, the borough of Newhams Moneyworks service helps residents struggling to make ends meet. Problems with high cost…
Toys R Us could file for bankruptcy as soon as this week, sources say – CNBC
Toys R Us could file for bankruptcy as soon as this week, according to sources familiar with the matter. The sources noted that the bankruptcy plans are not definite, and both its plans to file and its timing could change. A bankruptcy would help simplify a capital structure made complex by its trio of financial…
Why are we talking about student debt but not benefit debt? – Open Democracy
Image: JobCentrePlus office. Wikimedia/Creative Commons This is a story about the preposterous demands for money made on people who rely on what we used to call the welfare state on councils, housing providers, and the Department for Work and Pensions. Organisations which are supposed to support, not fleece, people in the greatest need. Lets start…