Current and former students who have HELP or the old HECS debt will see their fees reduced by 20 per cent at the end of next week as the Federal Government honours an election commitment.

Around the country, this will affect more than 3 million people, wiping almost $16 billion in total. Today alone, more than 1.5 million Australians will see their student debts cut by 20 per cent. That’s around half of all people with a student debt.

For someone with the average HELP debt of $27,600 this will see around $5,520 wiped from their debt.

Backdated to 1 June 2025 before the last indexation, it will reduce the burden for Australians with a student debt, including HELP, VET Student Loans, Australian Apprenticeship Support Loans, Student Startup…

Black Friday has a reputation for fueling spending sprees thanks to doorbuster deals and limited-time discounts, which increase the pressure to buy at a lower price while you can. But at a time when the Black Friday promotions are ramping up, many households are also carrying more debt than they’d like to, especially in terms of their credit card debt. And, with credit card APRs hovering…

By Joe Cash and Shi Bu, Reuters

• Tonga’s King Tupou VI visits China
• Beijing is vying with West for influence across Pacific
• The Pacific Island nation is heavily indebted to China
• Tonga also receives millions each year in Australian, US aid

China’s President Xi Jinping pledged fresh investment in Tonga when he met King Tupou VI of the South Pacific island nation in Beijing on Tuesday, as the Asian giant works to extend its influence across the Asia-Pacific.

Home to about 108,000 people, Tonga is among the small states at the centre…

Together, using a 1-million-pound (about $1.3 million) grant from Fair4All Finance, the organizations will promote ReFi, Experian’s technology that combines multiple debts into a single loan, they said in a Wednesday (Nov. 26) press release emailed to PYMNTS.

“Unlike traditional consolidation loans, ReFi settles existing debts directly with creditors, so lenders access only the new loan — removing the issue of ‘double counting’ and improving access to credit,” the release said.

Double counting is an issue in which both the original debts and the consolidated…

Medical debt has long been one of the quietest financial burdens in the U.S., but lately, it’s become almost impossible to ignore the issue. After all, rising healthcare costs, inflation-driven household budgets and insurance premium increases and coverage gaps are converging at the same time, so for many Americans, that pressure is showing up in the form of growing medical…

MADISON, Wis., Nov. 26, 2025 /PRNewswire/ — Madison Liquidators proudly marks its 10th anniversary, celebrating a decade of helping businesses and homeowners create stylish, comfortable workspaces. Founded by Nick and Kelly Niesen, the company began as a small liquidation firm and has since grown into one of the largest online office furniture marketplaces in the United States. The company has remained committed to providing customers with expert tools, resources, and guidance on all things office furniture.

MADISON, Wis., Nov. 26, 2025 /PRNewswire/ — Madison Liquidators proudly marks its 10th anniversary, celebrating a decade of helping businesses and homeowners create stylish, comfortable workspaces. Founded by Nick and Kelly Niesen, the company began as a small liquidation firm and has since grown into one of the largest online office furniture marketplaces in the United States. The company has remained committed to providing customers with expert tools, resources, and guidance on all things office furniture.

In the early years, the company centered on liquidation and resale, establishing a strong work ethic that continues to define the…

• Chancellor Rachel Reeves announced funding boost for the Insolvency Service 

• The government will invest £25 million over the next five years to enable the Insolvency Service to disqualify more rogue company directors

The Insolvency Service has welcomed news in the Budget that the agency will receive an extra £25 million over the next five years to help it tackle rogue directors. 

The funding announced by the Chancellor today will fund a new Abusive Phoenixism Taskforce which will be staffed by 50 people investigating suspicious company insolvencies.

The service’s Director of Investigation and Enforcement Services, Dave Magrath, said:  

This is welcome funding which will help the Insolvency…

MADISON, Wis., Nov. 26, 2025 /PRNewswire/ — Madison Liquidators proudly marks its 10th anniversary, celebrating a decade of helping businesses and homeowners create stylish, comfortable workspaces. Founded by Nick and Kelly Niesen, the company began as a small liquidation firm and has since grown into one of the largest online office furniture marketplaces in the United States. The company has remained committed to providing customers with expert tools, resources, and guidance on all things office furniture.

In the early years, the company centered on liquidation and resale, establishing a strong work ethic that continues to define the company’s core values today. In 2020, a pivotal transition…

The UK Supreme Court has reinstated a €67 million award to the Krys Global liquidators in Mitchell & another v Sheikh Mohamed Bin Issa Al Jaber & others, confirming that a director who acts after a company’s liquidation can assume fiduciary duties and be held accountable for misappropriation. The Court clarified that there is no set time from which equitable compensation must be measured, and the burden is on the fiduciary to prove any events reducing that loss.

1. Mitchell and another v Sheikh Mohamed Bin Issa Al Jaber and another

The UK Supreme Court handed down its judgment this afternoon in the above case, in which the Insolvency and Reorganisation…

Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks.

Strategy, the world’s largest corporate Bitcoin BTCUSD holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims to have another 70 years’ worth of dividend payment runway to service its debt, even if Bitcoin’s price remains flat.

“If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x,” said Strategy in a Tuesday X post.

The move comes as investors grow…