Insolvency Guardian Media Centre
Pemex Bonds Surge as Mexico Mandates Debt Deal to Support It Bloomberg.com
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Credibur emerged from stealth Wednesday (July 23) and announced it secured $2.2 million in pre-seed funding to launch its platform for debt facility management.
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The major bank will disregard student debts of $20,000 when assessing mortgage applications.
National Australia Bank has become the latest lender to confirm that it will ignore some Higher Education Loan Program (HELP) debt repayments when assessing home loan applications.
From 31 July, if someone owes $20,000 or less in student debt, it will not affect how much they can borrow for their new home with NAB.
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The major bank said the move could boost the…
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PETALING JAYA, July 24 — Many cancer patients in Malaysia are falling into bankruptcy or turning to illegal moneylenders to finance their treatment, according to the National Cancer Society Malaysia (NCSM).
Dr Murallitharan Munisamy, managing director of NCSM, said that people living with cancer are increasingly among those seeking debt restructuring or filing for bankruptcy through the Credit Counselling and Debt Management Agency (AKPK).
“A lot of people who go to AKPK to declare bankruptcy are actually people with cancer conditions,” Dr Murallitharan said at the Cancer Financing Summit 2025 here last June 20. “The largest number of people with ah long problems — ah long are your…
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(InvestigateTV) — Credit card debt is a tough cycle to break, and a recent survey found many people are feeling like they’re falling further behind.
“It’s something that is kind of plaguing most Americans. It’s definitely not going away any time soon,” WalletHub Managing Editor John Kiernan said.
Kiernan said he’s heard countless stories from people struggling to keep up with rising credit card interest rates. And the numbers bear this out.
An April survey by WalletHub found that nearly 1 in 3 Americans expect to end the year with even more credit card debt.
It also found that half of Americans are concerned that tariffs could make their credit card debt worse and that 46 percent don’t have a plan to pay down their debt.
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Young Australians say they are still facing decades of repayments for their student loans, despite Labor introducing a bill to slash HECS debts by 20 percent.
Education Minister Jason Clare tabled the bill on Wednesday as the re-elected Albanese government’s first act in parliament.
Clare said the legislation would cut the debt of three million Australians, with the average HECS debt of $27,600 being reduced by around $5500.
The reform will also raise the minimum amount before people have to start making HECS repayments from $54,435 to $67,000 and reduce minimum repayments.
“This is a big deal for three million…
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She believes that if university education is going to saddle students as young as 17 with this level of debt, which could follow them around for life, extra measures need to be put in place.
“I think it should be either compulsory financial literacy training or there should be compulsory financial disclosures and all the rest of it, just like credit cards have to do.”
The cost of some degrees increased sharply with the introduction of former prime minister Scott Morrison’s Job-ready Graduates Package in 2021, with the cost of a humanities degree rising to $50,000.
The current government has stopped short of immediately reforming university fees and will take advice on fees from the yet-to-be-opened Australian Tertiary Education…
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From 31 July, NAB will disregard student debts when assessing home loan applicants if the outstanding amount is $20,000 or less.
Beneficiaries could see the amount they can borrow increase, with their income no longer assessed including compulsory student loan deductions.
NAB Executive for Home Ownership Matt Dawson says the change will allow more people to buy a home sooner than they otherwise would have.
“For too long HELP debt has been a roadblock for many Australians looking to buy a home,” he said.
NAB is the second of the big four to relax how student loans are assessed after Commonwealth Bank announced earlier in the year it will no longer consider a borrowers student debt if it is due to be fully repaid within a year.
CommBank…
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She believes that if university education is going to saddle students as young as 17 with this level of debt, which could follow them around for life, extra measures need to be put in place.
“I think it should be either compulsory financial literacy training or there should be compulsory financial disclosures and all the rest of it, just like credit cards have to do.”
The cost of some degrees increased sharply with the introduction of former prime minister Scott Morrison’s Job-ready Graduates Package in 2021, with the cost of a humanities degree rising to $50,000.
The current government has stopped short of immediately reforming university fees and will take advice on fees from the yet-to-be-opened Australian Tertiary Education…
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Martine McCutcheon has filed for bankruptcy just 11 months after splitting from her husband Jack McManus.
The couple, who married in a romantic ceremony at Italy’s Lake Como in 2012, had been together for five years before tying the knot and share a nine-year-old son, Rafferty.
Now, it has been revealed that the former EastEnders actress has filed a petition for insolvency due to a debt she owes to a finance company, according to official documents.
It comes just two months after Martine, 49, sold her family home in Surrey at a reduced rate, knocking £250,000 off the £1.5million price.
According to MailOnline, Martine’s bankruptcy order was made in her married name—Martine McManus—despite her being single at the time.
The order was…
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[SINGAPORE] Catalist-listed ST Group Food plans to liquidate its indirect subsidiary in the UK, GCTea Outlets 2B, which operates a food and beverage outlet under the Gong Cha brand in the country.
This comes amid the Australian-headquartered company’s plans to exit from the Gong Cha brand in the UK, as the unit has been loss-making and is in a net liabilities position as at end-December 2024.
“It has been determined that it is no longer viable for GCTea Outlets 2B to continue its business due to amongst others, (its) liabilities… and the challenging economic situation in the UK,” the food and beverage company said on Wednesday (Jul 23).
While the liquidation will result in some losses on a pro-forma basis, it will likely have a…
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Overseasidol.com — On July 16, 2025, Chinese actor Jacky Heung became the center of controversy following reports claiming he was being sued by MGM Macau for allegedly defaulting on a HK$1.4 million gambling debt.
The news quickly went viral, sparking widespread discussions online.
In response, Jacky’s studio issued a statement via their official account, “Jacky Heung Information,” declaring the rumor baseless.
The studio emphasized, “Rumors stop with the wise,” and clarified that Jacky was not the debtor himself, but had acted as a credit guarantor for a third party.
MGM China later released an official statement published in Macau Daily, confirming that all debts have been repaid and legal proceedings have been terminated.
The…