Borrowers may look to sinking funds as a way to help plan for potential student loan debt cancellation. These specialized funds are money set aside for specific goals, and the payment of student loan debt could be one of them. In the event that a borrower has their student loans canceled, a sinking fund can be a fallback option for paying any resulting tax bills.

Why It Matters

According to Federal Student Aid, an office of the U.S Department of Education, some federal student loan borrowers could be eligible to have their student loans discharged, forgiven or canceled. If this happens, a borrower may not be required to pay back a canceled loan balance. The Public Service Loan Forgiveness program (PSLF) is one of the most common pathways…

As he addressed the faithful in St Peter’s Square, Pope Francis urged world leaders of wealthy nations to cancel or decrease the debts of less privileged nations, on the occasion of the Vatican’s 2025 Jubilee Year.

“The Jubilee asks to translate this remission of debts on a social level so that no person, no family, no people is crushed by debts. I, therefore, encourage the rulers of countries with a Christian tradition to set a good example by cancelling or reducing as much as possible the debts of the poorest countries,” the Pontiff insisted.

In addition touching on debt relief, the Pope also voiced his hope for an end to conflicts around the world in 2025.

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Thai banks’ credit standing unlikely to be affected as scope of programme is narrow. By Fitch Ratings

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Bill Maher confronted Jay Leno , 74, with a “conspiracy theory” that the former Tonight Show host’s spate of accidents in recent years were the result of a gambling addiction gone wrong.

“It’s a conspiracy theory since you’ve had three accidents that you actually have gambling debts and are being beaten up by the mob,” Maher told Leno, who laughed off the suggestion as he appeared on the Club Random podcast.

“I love the idea that the mob would drive to Greenberg, Pennsylvania, wait outside the Hampton Inn on a kind of sleety, rainy day to throw me down a hill,” Leno joked, referring to the most recent accident—which left him with a bruised face and sporting an eyepatch after he says he…

MicroStrategy MSTR was a Wall Street star in 2024, with shares rising 334% over the past 52 weeks and more than 2,000% over the past two years. Although the Virginia-based company has its roots in software, it has attracted far more investor attention for its digital currency strategy. MicroStrategy, under the leadership of founder Michael Saylor, has been rapidly buying up Bitcoin BTCUSD and is now the largest corporate holder of BTC. After its latest purchase, the company now holds 446,400 BTC on its balance sheet. 

This has been a popular strategy with investors because it has allowed MicroStrategy to leverage the rally in BTC prices in 2024, with the leading cryptocurrency hitting a new all-time high above $108,000. Wall Street has…

An investigation by The Hunts Post heard from a number of employees who claim Chi “withheld” wages and pension contributions from employees across the East of England.  

Senior figures who approached this newspaper claim this is just the “tip of the iceberg”, with dozens potentially impacted as early as 2022. 

It comes as Providence Bay Restaurants, which trades as Chi, announced it had entered liquidation with more than £1.7million of losses. 

The chain, which had a restaurant in Huntingdon, commenced winding up on September 12, 2024, with UK-based restructuring firm Begbies Taylor appointed as voluntary liquidators.

Chi, which is synonymous with pan-Asian cuisine, has since been forced to close its…

Escalating cost pressures and assertive Tax Office collection activities is driving small businesses into insolvency, according to the latest ScotPac SME Growth Index Report.

ScotPac has released the latest version of its SME Growth Index report, indicating that thousands of Australian SMEs were facing a ‘survival test’ as rising costs and ATO collections accelerate insolvencies.

The report, an established pulse check of SME confidence and growth prospects, found 25 per cent of Australian SMEs said they could be tipped into insolvency risk if they suddenly lost just one key client or supplier.

ScotPac said this came off the back of a year of surging business…

The appeals before the Apex Court were filed under Article 136 of the Constitution challenging the judgment of the Karnataka High Court exercising power of judicial review interdicting the Corporate Insolvency Process which culminated in the acceptance of a resolution plan by the Committee of Creditors.

The Division Bench comprising Justice Pamidighantam Sri Narasimha & Justice Manoj Misra clarified, “Adherence of protocols and…