Insolvency Guardian Media Centre
(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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In this episode of Corporate Finance Explained, we explore the most common causes of corporate bankruptcy and financial distress, backed by case studies of Lehman Brothers, Toys “R” Us, WeWork, and more.
Learn how finance teams use metrics like interest coverage, working capital trends, and debt ratios to assess risk, and how FP&A and treasury roles are critical in crisis management.
Okay. Think about this for a second. What do companies like Lehman Brothers, Toys R Us, WeWork, maybe even Kodak, what do they all have in common?
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Well, they were all huge names, obviously. Right. Exactly. They dominated the headlines, but not always for the best reasons, right? They all face these really dramatic financial collapses. Yeah. Deep,…
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Workers leave the Department of Education building during a rain shower in Washington, D.C., on Wednesday, May 21, 2025.
Wesley Lapointe | The Washington Post | Getty Images
Education Dept. says it’s responding to court order
Student loan forgiveness is paused for IBR borrowers because of court actions involving the Biden-administration-era SAVE, or Saving on a Valuable Education, plan, the department said.
Former President Joe Biden touted SAVE as the most affordable income-driven repayment plan in history, but its generous terms soon became a point of controversy for Republicans.
In February, the 8th U.S. Circuit Court of Appeals sided with GOP-led states that sued to block the SAVE plan rule, which had sweeping impacts on student loan…
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Legislation was introduced to parliament on Wednesday to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in.
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HECS debt relief nears as Labor eyes further uni reform Dungog Chronicle
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Student-loan forgiveness just got more complicated.
President Donald Trump’s Department of Education quietly updated its guidance on student-loan forgiveness for borrowers on income-based repayment plans, which give enrolled borrowers monthly payments based on their income and family size with the promise of forgiveness after 20 or 25 years.
According to Federal Student Aid data, just under 2 million borrowers were enrolled in IBR as of the second quarter of 2025.
A notice posted on FSA’s website said that ongoing litigation with former President Joe Biden’s SAVE plan is preventing the administration from processing IBR forgiveness.
“Currently, IBR forgiveness is paused while our systems are updated to…
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It is understood that 16 of the company’s staff will lose their jobs as a result.
Since its launch in 2012, Proof & Company Spirits has been instrumental in the development of the Singapore and Asia Pacific hospitality sector through its distribution of independent spirits in the region.
In an online statement, a spokesperson for the company said: “The decision follows a period of mounting challenges for the F&B and hospitality industry in Singapore, including the closure of some of the company’s longest-standing restaurant and bar customers.
“We are doing all we can to ensure a well-managed and productive outcome, while keeping our partners informed every step of the way.”
Singapore has been hit with a rash of hospitality…
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The first quarter of 2025-2026 (April to June) saw corporate insolvencies in Scotland rise by 17.3% year-on-year, totalling 332.
The new figures come from Accountant in Bankruptcy, Scotland’s insolvency service, which showed that there was a quarter-on-quarter increase of 12.9% corporate insolvencies, with the last quarter of 2024 having 294 total insolvencies.
Personal insolvency numbers (bankruptcies and protected trust deeds) in Scotland for the first quarter of 2025 decreased by 5.8% compared with the first quarter of 2024, to a total of 1,935.
Compared with the previous quarter, from January to March 2025, the number of personal insolvencies rose 15.8%.
“Corporate insolvency activity in…
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It’s no surprise that so many are struggling with debt. After all, rising costs over the past several years have pushed more families to rely on credit cards. And with credit card interest rates sitting above 21% on average, borrowers are struggling to catch up. Not to mention, when the federal government resumed collections on student loans, it created a whole new financial burden for many people.
“Household debt in 2025 is…
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Insolvency pressure mounts on Scottish firms insider.co.uk
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Sussan Ley has hinted the opposition could cause trouble for the Albanese government’s signature student debt-slashing legislation.
Education Minister Jason Clare introduced the bill on Wednesday – the first of the new parliament.
The proposed relief would cut HECS by 20 per cent for some 3 million graduates, or wipe off $5500 from the average student debt.
The changes would also raise the repayment threshold for student loans from $54,000 to $67,000.
It was central to the Albanese government’s youth-focused re-election pitch.
But asked if the Coalition would back it given Labor’s federal election landslide, the Opposition Leader on Wednesday would not confirm.
“It’s an area where we can be constructive,” Ms Ley told Sky News….