Struggling small and medium-sized enterprises (SMEs) would benefit from an umbrella organisation to coordinate the restructuring of debt, according to registered charity Credit Counselling Singapore president Kuo How Nam. The proposed organisation would work with all the creditors involved to assess the financial situation of the SME and develop a reasonable and practical restructuring plan.…
SMART City’s Diploma of Counselling was supposed to be Amy Waghorne’s ticket to a better life. The 29-year-old Toowoomba resident made personal sacrifices to try to complete the vocational course over 14 months, driving 450km a week to study while also caring for two relatives. Now Ms Waghorne and dozens of other students have been…
New South Wales community legal services are banding together to cope with the sheer number of Centrelink debt cases, as the states welfare rights body adds its voice to calls for the robo debt system to be scrapped. Vulnerable people who believe they have been wrongly targeted by the federal governments campaign to claw back…
WASHINGTON (NEWSPLEX) — U.S. Senator Mark Warner has introduced two pieces of legislation to provide relief to young people struggling with student loan debt. One bill would allow employers to make payments toward employees’ debt using pre-tax income. The second would make income-based repayment the default option for borrowers of federal student loans. “As the…
Counsel for Donna Magee asked that she be given a week before starting her sentence in order to make arrangements for her 14-year-old child. This was refused by Judge Martin Nolan, who said it was too serious an offence. Magee, with an address in Holyfields, Dungannon, Co Tyrone, pleaded guilty at Dublin Circuit Criminal Court…
Today, the Fiscal Control Board for Puerto Rico meets in San Juan. The board was established by bipartisan legislation last year, to help deal with the debt crisis on the island. Four of its seven members were appointed by the GOP leadership in Congress and three were appointed by the Democrats. The board has worked…
Jim Winsett of the BBB. Jim Winsett of the BBB. … Photo by Contributed Photo /Times Free Press. Q. I read and hear advertising from debt relief and repair businesses who claim that they can reduce and settle debt by 50 percent. Is this a true statement or false advertising? A. Clearly exaggeration enters the…
QUESTION: My partner and I are both in full-time employment but have struggled with credit card debt following the break-up of a previous relationship. As well as the credit card debt, I have a mortgage of £120,000 on my house at a cost of just under £700 per month. I also have a second charge…
The deadline to file your tax return is quickly approaching. But what if you’re one of the millions of Americans who owes the IRS more money than you can possibly pay? It can happen to anyone – even the most honest taxpayer. You miss something, or you make a mistake. And through no fault of…
Reuters * ICBC 2016 net profit up 0.4 pct * Bankers pledge more debt-to-equity swaps * Expect margin squeeze to ease later this year (Recasts, adds background, comments, details) SHANGHAI/BEIJING, March 30 (Reuters) – The world’s largest lender, Industrial and Commercial Bank of China (ICBC) <601398.SS> <1398.HK>, reported its slowest rate of annual…