Insolvency Guardian Media Centre
Ofgem may have announced up to £500million in energy debt will be paid off for thousands of households, but MPs has slammed the efforts as “inadequate” amid the wider cost of living crisis.
To pay for “debt relief scheme”, the energy regulator has confirmed that households will be hit with a £5 hike to their energy bills which the the Energy Security and Net Zero (ESNZ) Select Committee has criticised for “barely scratching the surface”.
Household energy debt has surged to £4.43billion, Ofgem figures showed last month. This figure has more than tripled in the last five years.
Read the original article here
A cross-party group of MPs has criticised Ofgem’s plans to tackle growing household bill debt as “completely inadequate”.
The energy regulator announced that up to £500 million in debt will be paid off through bill increases spread across millions of UK households.
The UK faces an energy affordability crisis after electricity and gas prices soared from late 2021, driven by the reopening of economies following the pandemic and Russia’s invasion of Ukraine.
Household energy debt has surged to £4.43 billion, Ofgem figures showed last month – a record figure which has more than…
Read the original article here
A cross-party group of MPs has criticised Ofgem’s plans to tackle growing household bill debt as “completely inadequate”.
The energy regulator announced that up to £500 million in debt will be paid off through bill increases spread across millions of UK households.
The UK faces an energy affordability crisis after electricity and gas prices soared from late 2021, driven by the reopening of economies following the pandemic and Russia’s invasion of Ukraine.
Household energy debt has surged to £4.43 billion, Ofgem figures showed last month – a record…
Read the original article here
The government introduced legislation on July 23 that will enact its election promise to reduce student debt by 20 per cent.
This legislation will:
• Provide a one-off, 20 per cent reduction to Higher Education Loan Program (HELP) debts in the Higher Education Support Act 2003, and other student loans provided under the Student Loans Acts that were incurred on or before June 1 this year.
• Increase the minimum repayment threshold from $54,435 in 2024-25 to $67,000 in 2025-26.
• Introduce a marginal repayment system where compulsory student loan repayments are calculated only on income above the new $67,000 threshold, rather than having it based on a percentage of the repayment income.
In other news for businesses, the $20,000…
Read the original article here
Muhammad Aqib/Getty Images
After years of high (and climbing) credit card rates, many Americans are running out of ways to keep up with their rapidly growing balances. A major part of the issue is that the average credit card APR has hovered near or above 22% for most of 2025, and card balances have reached new highs, according to the Federal Reserve. In turn, the interest charges can compound rapidly,…
Read the original article here
Lysaker, 30 October 2025
An extraordinary general meeting of AMSC ASA (under liquidation) (the Company)was held today as a digital meeting with online participation.
All resolutions were made in accordance with the proposals set out in themeeting notice published on 9 October 2025.
The general meeting resolved to approve the liquidation settlement and thus tofinally liquidate the Company. The Norwegian Register of Business Enterpriseshas been notified of the resolution, and the Company will shortly be deletedfrom the register.
Minutes of the meeting are attached and will be made available onwww.amscasa.com.
About AMSC ASA:
Established in 2005 and listed on the Euronext Oslo Stock Exchange, AMSC is amaritime investment company. Further…
Read the original article here
Trump administration to reduce eligibility for major student-loan forgiveness program MarketWatch
Read the original article here
Ofgem’s debt relief plans have ‘lost gravitas’ Utility Week
Read the original article here
SEATTLE, WA – Two women who tried to get debt relief and down payment assistance through the Urban League of Metropolitan Seattle are speaking out about what they call “unfair treatment” and “lies” from members of the organization.
When The Center Square ran an article this week featuring a whistleblower who detailed alleged self-dealing within ULMS as part of the state’s Community Reinvestment Program, as originally reported by “unDivided” podcast host Brandi Kruse, the women reached out to share their stories.
The Community Reinvestment Program was created by majority-party Democrats in 2022 and initially given $200 million in taxpayer funds to lift communities “disproportionately harmed by the war on…
Read the original article here
EU readies company law overhaul but hesitates over tax, bankruptcy changes Business Post
Read the original article here
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Setubandhan Infrastructure Ltd ( (IN:SETUINFRA) ) has provided an update.
Setubandhan Infrastructure Limited, currently under Corporate Insolvency Resolution Process (CIRP), has been facing challenges in meeting regulatory compliance due to financial constraints. The company’s resolution plan was rejected by the National Company Law Tribunal, and an appeal is pending. Consequently, the company is unable to submit several compliance documents for the quarter ended September 30, 2025, including the shareholding pattern and investor complaints,…
Read the original article here
There’s a certain irony in the world of self-help—a world built on confidence, success, and the promise that you too can “manifest” your dream life. Behind the perfectly lit YouTube videos and booming conference speeches, some of the loudest voices in personal development have faced financial chaos of their own. The gurus who once sold thousands of copies of “abundance mindset” books quietly found themselves deep in debt, filing for bankruptcy, and doing everything possible to keep it under wraps.
It turns out, even those who preach prosperity aren’t immune to the pitfalls of poor money management. Let’s pull back the curtain on nine self-help figures who fell from financial grace—and what their stories reveal about the…