Insolvency Guardian Media Centre
Mother is like God; pay back her debt, says DKS Deccan Herald
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If you’re having trouble paying your credit card bills every month, a debt management plan from a nonprofit credit counseling agency might be the help you need.
A debt management plan has less effect on your credit score than other debt payoff options, like debt settlement or bankruptcy, and can help you pay down credit card debt while saving on interest.
What is a debt management plan?
A debt management plan is a type of financial product offered by credit counseling agencies that can help you pay off unsecured debts, like credit cards and personal loans. Secured debts — such as mortgages or car loans — and student loan debt aren’t covered.
A debt management plan lumps your debt payments into a single payment, reduces your interest…
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While the festive season is a time of joy and celebration for many, it often brings financial strain for families already grappling with the cost-of-living crisis. In December, household spending typically rises by an average of £713 – an eye-watering 29% increase compared to other months. This seasonal surge can lead to significant stress, underscoring the widening gap between the holiday cheer and the financial burdens it imposes.
To help, a new tool is offering hope to those struggling to manage their finances in London. SuperFi, an innovative app designed to identify early signs of financial distress and prevent problem debt, has officially launched. The app provides incentives like cashback rewards to encourage timely bill…
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Major Australian fashion retailer collapses into voluntary administration The Northern Daily Leader
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Major construction company goes into voluntary administration MSN
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500 jobs gone as iconic fashion retailer shuts down The Australian
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Popular Australian craft beer company Hawkers entered voluntary administration in early 2024, but its founder has insisted “it’s business as usual” for the team.
The independent brewing company, based in Reservoir in Melbourne, announced in February it had appointed administrators.
Hawkers founder and managing director, Mazen Hajjar, said the decision was made due to an increase in distribution costs and restrictions on market access.
“Post-Covid has been a challenging period with bigger players increasingly restricting access to taps and shelf space, combined with broader economic pressures, including increased input costs and taxes,” he said.
Founded in 2014, Hawkers went on to become one of the largest manufacturers and…
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Consumers in These 10 States Seek the Most Debt Help — What Programs Are They Using? Nasdaq
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Whether you owe a lot or a little, paying off your credit card debt is always a good idea. Before and after you make a big purchase, whether you’re using it to pay for bills and groceries, or even if you only use it for the points. Make sure that slate is clean as often as you can. And if you can’t do that, you may consider using your credit less, if you can.
Roughly 60% of Americans are living paycheck to paycheck, according to a Pymnts.com report. And as inflation continues on, credit card customers continue to struggle to make their minimum payments, leading to damaged credit scores and the increased interest that consumers will need to pay.
The average credit card balance for Americans is $5,910, according to CNET sister…
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The Bulgarian Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% by the end of 2025, 29.3% by the end of 2026, 31.0% in 2027, and 32.8% by 2028.
The government plans to assume new debt to the tune of 16.9 billion BGN in 2025, 9.4 billion BGN in 2026, 10.4 billion BGN in 2027, and 10.9 billion BGN in 2028. This will cover both the refinancing of outstanding debt, which is estimated at 3.7 billion BGN in 2025, and the financing of the state budget deficits. The Ministry of Finance…
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Decade-high business insolvency figures may not speak for themselves, says NSW Small Business Commissioner Chris Lamont, who fears that ample data on SME hardships may go unconsidered by policymakers.
Speaking at the Council of Small Business Organisations Australia (COSBOA) annual summit on Wednesday, Lamont said better regulation is equally as important to small businesses’ performance as extra financial incentives.
The problem, Lamont said, is that reams of data outlining the struggles of small business may not easily translate to pro-small business policies.
“I would insist upon a better evidence base,” Lamont said.
The “highest level of insolvencies [since 2015] should influence policy decisions, but my fear is that’s…
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