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Almost 796,000 Colorado borrowers hold more than $29 billion in federal student loan debt, contributing to the nation’s $1.6 trillion student debt load.
To help borrowers understand how to manage their debt, Young Invincibles and other Colorado advocates and government officials have held a series of clinics over the last several days. These services are especially important now that payments have restarted after a pandemic pause and new college graduates are beginning to repay their loans.
Cameron DeTello, Young Invincibles’ Rocky Mountain engagement manager, said the goal of the clinics…
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Australia’s business landscape has seen a steady rise in the number of insolvencies in recent months as cost-of-living pressures bite and economic conditions slow down. Although numbers had declined for several years, business collapses are now back above pre-pandemic trends, putting the spotlight on the growing problem.
According to data from corporate regulator ASIC, appointment of external administrators…
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Image: Science Museum’s Science Fiction Exhibition (Elmwood Projects Ltd)
The Glasgow company, which had a long history of museum and heritage fit-outs, calls in liquidators after 50 years in business.
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Basic budget apps typically connect with your financial accounts, track spending and categorize expenses so you can see where your money is going. But many apps do much more than that.
A smart view of your financial health
Get a quick read on how you’re set up to meet expenses and money goals.
Why we recommend it: This app is designed so that users plan ahead for their financial decisions, rather than track past transactions. YNAB follows the zero-based budgeting system, which has you make a plan for every dollar you earn.
As soon as you get paid, you tell YNAB how much of your income should go toward various categories, including spending, savings and debt. The idea is that you…
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ReutersProperty giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
The move comes as problems in China’s property market add to concerns about the world’s second largest economy.
China Evergrande Group made the Chapter 15 bankruptcy protection filing in a New York court on Thursday.
Chapter 15 protects the US assets of a foreign company while it works on restructuring its debts.
Evergrande did not immediately respond to a request for comment from the the BBC.
The group’s real estate unit has more than 1,300 projects in more than 280 Chinese cities,…
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The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed.
The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business.
“We are in the very early stages of our administration process, and our focus right now is on speaking with the Australian and US-based teams and getting across all the relevant operational and financial data,” said Resnick.
He added that it is still “too early” to comment on the details of the company’s financial position. The…
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The following article appeared in the August 12, 2024, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.
All of the state’s biggest hospital systems — including Atrium Health and Novant Health — have opted into a new medical debt relief initiative that aims to wipe out old medical debt for up to 2 million North Carolinians.
The program promises higher federal payments to hospitals that agree to forgive medical debt deemed uncollectable for low- and middle-income patients.
Hospitals must also provide charity care and specific discounts to low-income patients based on their income, take proactive steps to make sure eligible…
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John Arne Riise’s legacy on the pitch sees him remain a modern Norwegian great who has a number of distinguished honours under his…
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On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise and enhance the competitiveness of Luxembourg’s insolvency framework. The bill has been under discussion for a number of years and aims to curtail the use of bankruptcy as an insolvency solution in favour of the preemptive preservation or reorganisation of financially distressed companies. It implements Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks into national law.
The New Insolvency Law has come into force on 1 November 2023 and introduces novel…
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All Qualifying North Carolina Hospitals Are Joining Debt-Reduction Effort, Governor Says U.S. News & World Report
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Companies are collapsing at the fastest clip in years, as soaring interest rates push their borrowing costs sharply higher, while slowing economic activity is causing sales to languish.
The move by troubled US chemist chain Rite Aid Pharmacy to file for bankruptcy on Sunday has added another name to the list of US corporate casualties for 2023.
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Gold Coast build company owes $500k to 22 staff – in liquidation Gold Coast Bulletin
