With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.

Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.

1. UNIVERSITY OF PITTSBURGH

The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.

The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the…

Read the full article at: https://ottawacitizen.com/pmn/news-pmn/3-colleges-that-help-you-handle-student-debt/wcm/eb44f535-30ba-41bf-8231-b3996fb78b4d

Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the first Meeting of Committee of Creditors (COC) was held on January 11, 2019 to discuss inter alia the agenda item relating to continuation/appointment of Mr Shailendra Ajmera appointed as the Interim Resolution Professional by the Honble Adjudicating Authority, National Company Law Tribunal, New Delhi Bench in respect of Kwality Limited under Section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC), as the Resolution Professional for Kwality Limited during corporate insolvency resolution process period under the IBC.

Pdf Link:
Kwality Limited – Corporate Insolvency Resolution Process (CIRP)-Outcome of mee…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/kwality-limited-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26015370.ece

The Central Insolvency Commission, a Romanian state institution dealing with personal insolvency, has calculated that a two-parent family with two children, residing in the city, can live reasonably on RON 2,600 (EUR 557) per month. This is the minimum value of the consumer basket that provides a reasonable monthly living for a family of four, according to the institution.

For a family of four living in rural areas, the sum goes down to RON 2,100 (EUR 450).

The commission came up with the numbers based on a study of a task group including representatives from the Labor Ministry, the Romanian Academy, the National Prognosis Commission, the National Institute for Scientific Research on Labor and Social Protection, and the …

Read the full article at: https://www.romania-insider.com/two-kid-family-eur-550-per-month/

• LuLaRoes chief clothing supplier, Providence Industries, has demanded that a court immediately seize nearly $US34 million in assets from the company.
• The demand, made in court filings on Tuesday, cites testimony from nine former LuLaRoe consultants who claim LuLaRoe collectively owes them more than $US63,000 in refunds for unsold inventory that they returned to the company.
• The filings come after Providence Industries sued LuLaRoe for nearly $US63 million, alleging the multi-level-marketing company has failed to pay its bills for months.
• James Lee, the co-president of Providence Industries, claimed in new testimony that during a meeting in September, LuLaRoe CEO Mark Stidham allegedly …

  Read the full article at: https://www.businessinsider.com/lularoe-lawsuit-supplier-demands-34-million-claims-company-is-liquidating-2019-1

  

  This move will reduce the burden on the NCLT to hear cases and pass an admission order and hence the tribunals can focus on the core issues of insolvency cases

  Mumbai: The government is mulling introduction of a procedure of deemed admission of companies under the Insolvency and Bankruptcy Code (IBC). In certain cases where financial creditors have approached the National Company Law Tribunal (NCLT), their petition could be admitted and the resolution professional (RP) could be appointed for quicker resolution, said Injeti Srinivas, Corporate Affairs Secretary, on the sidelines of an event on bankruptcy.

  If the proposal is implemented then after the deemed admission of companies for resolution, there would not be any immediate load on the…

  Read the full article at: https://www.livemint.com/Companies/GxvYjPBkrmXA0kJrRbtVMN/Govt-mulls-deemed-admission-of-companies-under-insolvency-la.html

  GREEN BAY, WIS. Shopko announced on Wednesday that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.

  The company is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in the U.S. Bankruptcy Court for the District of Nebraska.

  During the restructuring process, Shopko will continue to operate and serve its customers, vendors, partners and employees.

  This decision is a difficult, but necessary one, said Russ Steinhorst, Chief Executive Officer. In a challenging retail environment, we have had to make some very tough choices, but we ar…

  Read the full article at: https://m.austindailyherald.com/2019/01/shopko-announces-financial-restructuring-austin-store-not-listed-among-closing-locations/

  With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.

  Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.

  1. UNIVERSITY OF PITTSBURGH

  The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.

  The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the …

  Read the full article at: https://theprovince.com/pmn/news-pmn/3-colleges-that-help-you-handle-student-debt/wcm/eb44f535-30ba-41bf-8231-b3996fb78b4d

  Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, believes personal insolvencies may have reached their peak, but addressing the stigma of debt is vital to achieve better outcomes for consumers.

  Debt is at record levels with personal credit now exceeding 215 billion or 4,100 for every adult in the UK. However, having reached unprecedented levels in 2018, we believe the growth in personal insolvency may have peaked, and with an increased focus on debt advice, volumes will likely stabilise through 2019 and 2020.

  In recent years, as Individual Voluntary Arrangements (IVAs) have grown to record levels, the number of personal insolvency providers has almost halved. This has resulted in a market dominated by…

  Read the full article at: https://www.lawyer-monthly.com/2019/01/have-we-passed-the-peak-in-personal-insolvencies/

  Are
  you finding it pretty difficult to save money despite trying really hard? You
  are certainly not the only one. Today, more and more people are finding it
  difficult to get out of debt. They are overwhelmed by the vicious cycle of
  debts and many of them are not able to maintain a comfortable lifestyle as
  debts go on getting accumulated and life becomes really more troublesome each
  day. People are under incredible pressure to repay all their outstanding
  balances.

  The
  insurmountable loans are compromising the quality of life. If you are feeling
  as though you are drowning in debts and you have absolutely no power to combat
  this onslaught of never-ending debts, it is high time, you opted for debt
  consolidation using a personal loan fro…

  Read the full article at: https://thriveglobal.com/stories/some-silly-mistakes-to-avoid-while-choosing-a-personal-loan-for-debt-consolidation/

  The full release is below, but in the list of store closures, neither the Wenatchee or Quincy location was listed, so they will remain open for now. The Summitview Ave. location in Yakima is scheduled to be closed.

  Green Bay, WI Shopko (the Company), a leading operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., today announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.

  The Company is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in the U.S. Bankruptcy Court for the Dis…

  Read the full article at: https://www.kpq.com/shopko-files-for-chapter-11-bankruptcy-restructuring/

  The hail-ravaged apple and pear industry will receive a $1.3 million lifeline after the State Government agreed to waive a growers co-operative debt.

  Lenswood Cold Stores Co-operative Society chairman Iain Evans said the debt write-off was great news for Adelaide Hills growers, who had faced two years of poor seasons followed by crops being damaged in hailstorms in 2017 and 2018.

  All of the industry in SA is facing financial stress, Mr Evans said.

  Theyve got heavily damaged crops, which will attract a lower retail price so theyre in for another very difficult 12 months.

  More fruit will be sold as second-grade fruit or for juice.

  Growers at a recent industry meeting heard that in the Adelaide Hills, Novembers storm had impacted more than 60 pe…

  Read the full article at: https://www.news.com.au/national/south-australia/13m-debt-waiver-a-boost-for-sas-hailravaged-apple-growers/news-story/64f309c9c7637a4e4c448558418c441d