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This story is part of a series in support of America Saves Week 2021. Since 2007, this initiative has provided a call to action for U.S. consumers to save intentionally. Todays theme is: Save by Reducing Debt.

Theres no question that 2020 was a difficult year for most. And for those who lost their jobs or saw their wages reduced, it added financial strain to an already challenging time. By the third quarter of 2020, the average American had debt of $5,315 on their credit cards, according to Experian, one of the three major credit reporting bureaus. In addition to credit cards…

Read the full article at: https://www.forbes.com/advisor/credit-cards/steps-to-take-to-save-more-and-reduce-debt/

At his recent town hall, Joe Biden made a series of convoluted and condescending comments about American student debt. His remarks cast doubt on his ability, or willingness, to confront this countrys ballooning student loan crisis. Within hours, #cancelstudentdebt was trending on Twitter.

Bidens rambling justification of the status quo was peppered with straw men, invocations of false scarcity and non-solutions. He pitted working-class Americans against each other, implying that people who attend private schools arent worthy of relief, as though poor students dont also attend such schools. He said that money would be better spent on early childhood education instead of debt cancellation, as if educators arent themselves drowning in studen…

Read the full article at: https://www.theguardian.com/commentisfree/2021/feb/25/joe-biden-student-debt-american-students

Two religious leaders, including the chairman of a U.S. bishops’ committee, urged the Biden administration to support the release of $3 trillion in global reserve funds to help developing countries respond to the coronavirus pandemic.

Writing Feb. 23 to the White House, the leaders also called on the Group of 20 nations, or G-20, and private groups to cancel all debt and increase aid for the poorest developing countries, stop tax avoidance and create a permanent global bankruptcy process to prevent future economic crises.

“The letter lays out a road map on how to deal with the structures that cause poverty, inequality and the challenges we now face in this great economic crisis,” said Eric LeCompte, executive director of Jubilee USA, a…

Read the full article at: https://angelusnews.com/news/world/religious-leaders-urge-biden-to-support-global-coronavirus-aid-debt-relief/

The enactment of the Insolvency and Bankruptcy Code 2016 (Code) has had significant ramifications on the corporate insolvency landscape. Over time, the Code has witnessed a manifold increase in litigation, and consequently in the number of decisions. This has made it difficult for insolvency practitioners to stay updated with developments in the field. The purpose of this column is to fill this gap by providing brief summaries of latest decisions, from the various fora dealing with Insolvency Law.