Tuesday March 11, 2025
By Liban Obsiye

On 13th December 2024, Somalia reached the Highly Indebted Poor Countries Initiative (HIPC) Completion Point to attain debt relief from the major creditors including the World Bank, African Development Bank and International Monetary Fund (IMF). This was a historic moment which showcased the Somali governments capacity to consistently deliver reforms in the most challenging circumstances and unchain its people from over 4.5 billion US Dollars of unsustainable debt. This was even more remarkable as the Somali authorities achieved this in amidst an active campaign against international terrorism in the form of Al-Shabaab, one of Al-Qaeda’s most dangerous affiliates globally. Moreover, alongside the…

Tuesday March 11, 2025
By Liban Obsiye

On 13th December 2024, Somalia reached the Highly Indebted Poor Countries Initiative (HIPC) Completion Point to attain debt relief from the major creditors including the World Bank, African Development Bank and International Monetary Fund (IMF). This was a historic moment which showcased the Somali governments capacity to consistently deliver reforms in the most challenging circumstances and unchain its people from over 4.5 billion US Dollars of unsustainable debt. This was even more remarkable as the Somali authorities achieved this in amidst an active campaign against international terrorism in the form of Al-Shabaab, one of Al-Qaeda’s most dangerous affiliates globally. Moreover, alongside the…

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Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection.

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While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take such a step.

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The Bandra tenant enjoying the bungalow vibe in a 1BHK home | The Tenant


Step into the world of Pooja Sable, a lawyer living in Bandra—India’s celebrity hub—where she enjoys the charm of a bungalow-style apartment. From Portuguese villas and coffee shops to the ease of commuting via the Coastal Road, find out why she believes there’s no place like Bandra! She shares insights on rental agreements, her journey from a ₹16,000/month rental to ₹1 lakh/month, and her next goal—a 2BHK in Bandra. Watch her story in this episode of The Tenant!

Credit card debt has reached 1.21 trillion according to the Federal Reserve Bank of New York while Texas continues to be on of the top states with residents struggling with credit card debt. If you are an upper-middle to high-income earner carrying $50,000 to $300,000 or more in credit card debt, there are option to free up cash flow and resolve the debt faster than making minimum payments.

Debt Consolidation Loans

While interest rates are still high, a debt consolidation loan might allow you to pay off high-interest credit card debt with a lower rate. The lower rate might provide a lower monthly cost compared to combined minimum payments and provide a shorter term to pay off the debt. Qualifications will be depended on your…

Experian has launched a major debt relief initiative, committing $5 million to assist 5,000 families in Louisiana and aiming to expand to other locations. The effort, carried out in partnership with public benefit corporation ForgiveCo, seeks to ease the financial burdens of households grappling with credit card and personal loan debt.

Steve Hartmann, vice president of Integrated Marketing at Experian, said in an interview with Black Press USA that the initiative goes beyond advertising and directly helps consumers. “Consumer debt is at an all-time high—credit card balances are soaring, and minimum payments are shrinking. We wanted to do more than just advertise our products. We needed to actively engage with the…

All Louisiana locations of this business are closing, and right now, there is a huge liquidation sale going on. At each location throughout Louisiana, massive sales with discounts of up to 80% are taking place at this time.

The deals are available at the location here in Lafayette.

The end of an era is coming for a retailer specializing in helping people celebrate, which means that several locations of this business in Louisiana will also be closing by the end of February.

In December of 2024, the retailer that provides the tools needed to throw a party announced that they would be going out of business. According to CNN, it was in this same month that they filed for bankruptcy for the second time.

Medical debt harms people in different ways. It can lead them to seek payday loans, take money out of their retirement accounts, or delay medical care.

For people who give birth, financial worries can affect major decisions about what their family ultimately looks like.

A Penn State study of 2,169 first-time Pennsylvania moms with private insurance found 8.3% had childbirth bills sent to collections. These women were less likely to have a second child in the following two years compared to those who didn’t have debt in collections, it found.

“I have patients all the time who will tell me, ‘I had no idea. I have insurance. I have good insurance,’” Sarah Horvath, an OB-GYN who practices in central Pennsylvania, said of surprise…

This story first appeared in How We Care, a weekly newsletter by Spotlight PA featuring original reporting and perspectives on how we care for one another at all stages of life. Sign up for free here.

Medical debt harms people in different ways. It can lead them to seek payday loans, take money out of their retirement accounts or delay medical care.

For people who give birth, financial worries can affect major decisions about what their family ultimately looks like.

A Penn State study of 2,169 first-time Pennsylvania moms with private insurance found 8.3% had childbirth bills sent to collections. These women were less likely to have a second child in the following two years compared to those who didn’t have debt in…