Five years ago, as death, panic, and viruses were spreading across the globe, the Trump administration announced it was halting collections of college debt. At the time, almost everyone agreed this was a good idea. “It is going to make a lot of students happy,” President Donald Trump remarked.
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It’s no secret that medical bills can pile up fast, especially in the current healthcare landscape, where even a short emergency room visit or a necessary procedure can easily cost thousands of dollars. According to the Consumer Financial Protection Bureau (CFPB), about $88 billion worth of outstanding medical bills are currently in collections, with this type of debt impacting one in five…
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IMF says Nigeria repays $3.4 billion COVID-19 funding Reuters
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This week, an entire Biden administration later, Trump’s Department of Education began throwing the full force of the federal government against people who had defaulted on their student loans. Employers will be contacted, wages garnished, and debt collectors deployed.
The move came a week after House Republicans released plans for a massive overhaul of student financial aid policy. Their bill would reduce the number of students eligible for…
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Labor’s federal election win means university fees and costs are set to change. But some of these changes will not be immediate.
Prime Minister Anthony Albanese has already said planned cuts to student debt will be a top priority for the new parliament. A new student debt repayment system will follow soon after.
But humanities students paying nearly A$17,000 a year for their studies – thanks to the Job-ready Graduates scheme introduced by the Morrison government – will probably have to wait until 2027 for lower fees.
Reduction in student debt
People with student debt will benefit from a 20% cut to how much they owe. As the Greens support wiping student debt entirely, Labor is likely to only need one or two other…
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- Ex-Italy international took decisive action
- Son forced to learn the hard way
- Avoid repetition of the same words & topics
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Retirement home in Ganshoren declared bankrupt The Brussels Times
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Aberdeen woman ‘forced to go on Universal Credit’ after £12k course when firm collapsed Aberdeen Live
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As per a Ministry of Corporate Affairs (MCA) filing reviewed by Inc42, the board of Bengaluru-based startup 10Club has approved filing for insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016. The company also held a board meeting to seek shareholder approval for the same.
The development was first reported by Entrackr.
In an explanatory note, 10Club stated that its assets are insufficient to repay outstanding debts, and that the company appears to be insolvent on the surface.
Founded in 2020 by Bhavna Suresh, Joel Ayala, and Deepak Nair, 10Club operates as a roll-up ecommerce startup, partnering with Indian ecommerce sellers by acquiring their businesses and helping them scale.
Backed by investors such as Fireside…
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An Australian bridal company beloved by stars and the high fashion world has entered voluntary administration unwelcome news for brides across the globe.
Sydney based Pallas Couture, which is stocked in boutiques across London, Italy, Los Angeles and New York City, entered voluntary administration on May 1.
Administrators are now scrambling to restructure and secure the future of the business, which was founded in 2001 by designer Joy Morris.
Pallas Couture, known for its intricate, hand-crafted gowns,…
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Vinyl Me, Please has confirmed that it’s entered liquidation after reports of unfulfilled orders and ghosting customers this year.
The Denver-based vinyl record club (registered as Offbeat Ventures, LLC) has assigned third party Vinyl Liquidators, LLC to handle resolving customer complaints and control VMP’s assets in the Assignment for the Benefit of Creditors (ABC) process, an alternative to filing for Chapter 7 bankruptcy, Pitchfork reports. One VMP subscriber shared a screenshot of an email notifying customers, or creditors, of the ABC on Reddit. Creditors have until 1st October to file a Proof of Claim for any outstanding orders or refunds.
Last month, the Denver Post reported several instances of VMP, launched in…