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A large and growing share of domestic-law public debt within the sovereign liabilities of many low- and middle-income countries in recent years has attracted much-needed attention to the topic. Starting from Reinhart and Rogoff (2008), who brought issues related to the scale and scope of domestic debt1 to the forefront of economics profession, Erce, Mallucci, and Picarelli (2022) demonstrated that domestic debt defaults and restructurings have been a rather common phenomenon in recent decades, while IMF (2021) and Grigorian (2023) highlighted the range of design and implementation issues needed to be explicitly factored in for a restructuring of domestic debts to succeed and provided a framework for…
The average American had just over $105,000 in total debt as of the third quarter of 2024, according to last data release from Experian.
Knowing how much you owe compared with others can give you a relative sense of your financial health.
If you’re wondering whether your debt is out of line with the average American, seeing if you’re above or below the benchmark of $100,000 in total debt is a good start.
As of the third quarter of 2024, the average American had about $105,056 in total debt, up 0.8% from the same time a year prior. The amount of outstanding debt in the country stood at $17.57 trillion, itself up 2.4% year-over-year, according to credit bureau Experian. Average loan payments as of the first quarter of…
Miyoko Schinner — the chef and activist who pioneered artisanal vegan cheese — is mounting a bid to buy back Miyoko’s, the plant-based dairy brand she founded in 2014 and was ousted from three years ago. After raising more than $70 million and helping bring cashew-based butter and cheese to grocery shelves nationwide, Miyoko’s has hit financial trouble. The California company is up for sale. Now Schinner is assembling a values-aligned team to rescue the company she built. “I believe I’m the best person to be the face of the brand,” she told AgFunderNews.
It’s been a turbulent journey for both founder and firm. Schinner’s 2022 departure sparked dueling lawsuits with the board, which were later settled through…
The National Company Law Tribunal (NCLT), New Delhi Bench, has approved the resolution plan submitted by JTL Industries Limited for the insolvent RCI Industries and Technologies Limited, bringing a conclusion to a corporate insolvency resolution process (CIRP) that lasted nearly three years. The plan, valued at ₹46.50 crore, was approved by the Committee of Creditors (CoC) with an overwhelming 98.05% majority vote. The tribunal’s order paves the way for JTL Industries to acquire a 95% stake in the corporate debtor, effectively reviving the metal manufacturing company.
A protracted process
The CIRP for RCI Industries was initiated on November 25, 2022, on an application filed by Standard Chartered Bank (Singapore)….
SCOTTSDALE, Ariz., Nov. 07, 2025 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (Cboe CA: TILT) (OTCID: TLLTF), a global provider of cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced it has reached agreement with the holders (the “Noteholders”) of senior secured notes of the Company (the “Senior Notes”), and that the Supreme Court of British Columbia (the “Court”) has issued an initial order (“Initial Order”) granting the Company protection under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (“CCAA”). The Initial Order provides for, among…
The government shutdown is wreaking havoc on U.S. travel. Essential airport workers, including air traffic controllers and TSA agents, have been working without pay since Oct. 1, leading to staffing shortages, delays and cancellations at airports nationwide.
This week, Transportation Secretary Sean Duffy cut flight capacity by roughly 10%, which is expected to ground up to 4,000 flights daily, including departures from Chicago’s O’Hare, Atlanta’s Hartsfield-Jackson, Los Angeles International, New York’s John F. Kennedy, and dozens of other major airports.
While travel insurance can be a lifesaver, it usually doesn’t cover cancellations or delays due to known events, like military conflicts, named hurricanes and, yes, government shutdowns….
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