These are the areas most hit by personal debt

A new study has identified the UK areas where residents are struggling most with unmanageable debt, with Halton in Cheshire emerging as the most financially stressed location. The research analysed official government data on insolvency rates, bankruptcies, debt relief orders, individual voluntary arrangements, and breathing space registrations across 84 UK areas to create a comprehensive…

Student-loan forgiveness delays will soon become a bigger problem for borrowers

The Department of Education is working through a backlog of income-driven repayment applications. Advocates are urging quick processing before borrowers face new taxes on student-loan forgiveness next year. Debt relief through income-based repayment plans is also delayed until the winter. The clock is ticking for President Donald Trump’s administration to work through a student-loan forgiveness…

Debt-for-nature swaps | Latin America | Global law firm

With the debt burden in certain emerging markets approaching unsustainable levels, Eurobond maturities requiring active management and with a climate crisis advancing, governments, creditors and the official sector are exploring new and innovative ways to restructure and reprofile sovereign debt, while simultaneously supporting opportunities to tackle climate-related challenges. Debt-for-nature swaps offer a solution. …