Insolvency Guardian Media Centre
Tips to help break the credit card debt cycle KSWO 7News
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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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Read the original article here
The number of corporate bankruptcies observed between 2020 and 2021, at the height of the COVID-19 pandemic, was particularly low. While 51,145 insolvency proceedings (receivership or liquidation) were recorded in 2019, there were only 31,217 in 2020, and just 27,582 in 2021.
The support measures for businesses that were swiftly put in place during the pandemic enabled many companies to stay in businesses. These likely included businesses enterprises that were fragile and unproductive even before the pandemic hit. However, by its very nature, low productivity – i.e. the low ratio between output and the resources used to generate it – increases the risk of bankruptcy. The cleansing process, which in principle leads to the exit of the…
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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.
Read the original article here
Tax collections drive rise in corporate failures dailybusinessgroup.co.uk
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Tips to help break the credit card debt cycle WAVE News
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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.
Read the original article here
(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.
Read the original article here
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?
(…)
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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Read the original article here
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…