Insolvency Guardian Media Centre
Paying off student loans can seem like an impossible task, especially when high interest rates mean loan amounts keep increasing. But student loan relief can provide a lifeline for borrowers in need.
Learn More: I’m a Retirement Planner: 7 Ways I Am Guiding Clients Now That Trump Won
Discover More: How To Financially Plan for the New Year Under the New Trump Presidency
A 2024 survey by the Consumer Financial Protection Bureau revealed that nearly 61% of borrowers who received debt relief reported the relief gave them the opportunity to make a beneficial change in their life sooner than they otherwise could have.
But with President-elect Donald Trump poised to take office in January, existing student loan relief programs are in jeopardy,…
Read the original article here
Discount retailer Big Lots is poised to close all of its remaining Connecticut stores after the company’s bankruptcy restructuring plans collapsed, according to the company.“The company is preparing to commence going out of business sales at all remaining Big Lots store locations in the coming days to protect the value of its estate,” Big Lots […]
Originally Published:
Read the original article here
Australia to slash $10 billion off student debt amid cost of living pressures Reuters
Read the original article here
usatoday.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.
Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on usatoday.com
Read the original article here
EL PASO, Texas (KFOX14/CBS4) — Big Lots is set to begin “going out of business” sales at its remaining 963 locations after a deal to save the bankrupt retailer fell through.
The company announced in September that it was selling its assets to private equity firm Nexus Capital Management.
However, Big Lots said Thursday it does not anticipate completing the sale.
As a result, the retailer will start liquidation sales at all remaining stores in the coming days. Despite the setback, Big Lots plans to explore other options to save the company, including negotiating with Nexus or another buyer, with the goal of completing a sale by early January.
Big Lots attributed its bankruptcy to several economic factors, including high inflation and…
Read the original article here
A petition for Forsyth Marine Consultancy Ltd, which has a registered office on Rose Street in the city, was presented on December 3.
It requested that the firm be wound up and a liquidator appointed.
READ MORE: Jeremy Corbyn calls on Labour to say who minister met on Israel trip
The court action was on behalf of the commissioners for His Majesty’s Revenue and Customs.
All parties claiming an interest must lodge answers with the court within seven days.
Liquidation is the process of closing a limited company, selling the assets to pay off debts and dissolving the company from the official register at Companies House.
In short, it will stop doing business and employing people.
In general terms…
Read the original article here
Major construction company goes into voluntary administration MSN
Read the original article here
Interestingly, some banks could potentially emerge as net beneficiaries if they receive subsidies for previously provisioned loans.
Compared with the extensive borrower-relief measures implemented during the Covid-19 pandemic, this scheme’s modest scope may have limited effectiveness in addressing Thailand’s substantial household debt, which stood at 90% of GDP as of June. The continuation of regulatory controls, including retail interest-rate caps, suggests a measured approach to debt management.
Thailand’s unique position as one of few Asia Pacific markets extending regulatory relief measures during the post-pandemic recovery period highlights the persistent challenges within…
Read the original article here
The Queensland government has made a final bid to save the Mount Isa Rodeo — the largest event of its kind in the southern hemisphere — after it entered voluntary administration in October.
In November, a final report by administrators SV Partners found at least 83 creditors were owed $1.9 million with a shortfall of about $1 million.
The government has confirmed it will bolster the Mount Isa Transition Fund, an initiative worth $20 million, designed to strengthen the economy ahead of the closure of a major industry next year.
Deputy Premier Jarrod Bleijie said an extra $2 million will be tipped into the pot for Mount Isa City Council to allocate to the event.
“[We’re] proud to support the Mount Isa Rodeo, as it attracts 25,000…
Read the original article here
Historic Australian beverages brand Billson’s has been thrown a lifeline by the Coca-Cola Company after going into voluntary administration earlier this year.
The multinational soft drink manufacturers are currently in the process of purchasing the company, based out of Beechworth in Victoria, according to owners Nathan and Felicity Cowan.
The pair said they had been working closely with Coca-Cola over the last few months and that they were “delighted” that Billson’s popular drinks range would live on.
Know the news with the 7NEWS app: Download today 
“It’s truly an honour that the world’s most iconic beverage company sees a bright future for Billson’s,” the couple said on Friday.
“We believe wholeheartedly that the brand…
Read the original article here
DG DMO, Patience Oniha, at the Debt Management Forum for Africa (DeMFA) in Abuja on December 17, 2024 Debt Management Office Nigeria
Read the original article here
Topline
The Biden administration announced Friday about 55,000 student loan borrowers will have their debts forgiven, totaling nearly $4.3 billion in relief, marking the latest wave of student loan forgiveness under a program intended to benefit public service workers.
The Biden administration estimates about $180 billion in student loan debt has been forgiven for … [+]
Key Facts
Borrowers enrolled in the Public Service Loan Forgiveness Program (PSLF) will have their student debts canceled, the Education Department said Friday.
The program is designed to provide debt relief for those working in public service roles, including teachers, nurses, social workers, first responders,…