The National Assembly has passed the Eskom Debt Relief Amendment Bill, as part of ongoing interventions to rescue the power utility from years of operational challenges and financial crisis.

During a debate on the bill in the National Assembly, the Chairperson of the Standing Committee on Appropriations, Dr Mmusi Maimane, tabled the committee’s report on the bill, which aims to adjust the allocation that was done for the 2025/26 financial year from R40 billion to R80,2 billion and introduce an additional R10 billion in 2028/29.

He said the bill was more than just a financial instrument, but a commitment to recovery, structured oversight and irreversible reforms. “We want to continue to act as a…

In Clark County, more than 5,200 residents owe $9.1 million in such debt. Now, however, community leaders and organizations have launched the Clark County Medical Debt Relief Campaign to help these citizens.

“We want to see people relieved of debt that’s a burden so we can help them have a better life,” said Kristy Kohl McCready, president of the Mercy Health Foundation for Clark and Champaign counties. “We’re trying to get people out of poverty so they have a chance to have homes, to have a car so they can get back and forth to work.”

The campaign has partnered with regional think tank The Collaboratory, which in turn has teamed with the national nonprofit Undue Medical Debt as part of The Collaboratory’s Community of…

A 30-year-old man, like most Indians, took out a home loan and is in a 1.2 crore debt. He has turned to Reddit for help, admitting he has been feeling “paranoid” ever since. The reason, he said, is that he never had a single EMI over a decade, and the sudden financial burden has become “overwhelming” for him. 

He also shared his monthly take-home income, which is around Rs 2.2 lakh and gave a breakdown of his expenses. 

‘1.2 cr debt’

In his post on Reddit’s “ThirtiesIndia” community, he said, “I recently bought a house for Rs 1.6 crore. I took a loan of Rs 1.2 crore (Rs 1 crore from a bank and Rs 20 lakh from relatives).”

“I have been getting paranoid since I took out the loan. It’s been over a…

After approval of the resolution plan, the appellant moved an application before the adjudicating authority, seeking rectification of certain figures in the resolution plan. The counsel for the appellant submitted that all the figures have been rectified by the CoC, and then it has moved the application before the adjudicating authority for approval of the resolution plan. However, the approved rectification was omitted from the resolution plan when it was placed before the adjudicating…

An error has occurred

Your request was blocked by Link11 Web Application Security.
If you believe this is the result of an error, contact the administrator of
www.tipranks.com.

ID: 957ead3b4a38a1aa884f962796b4c327, IP Address: 110.232.115.214, Status Code: 471
Timestamp: 2025-07-28T07:37:29.059222943+00:00

When a retail tenant enters voluntary administration, it creates a complex situation for landlords because the landlord’s usual rights are restricted. Separately from the various tenant protections contained in retail leases legislation, the Corporations Act 2001 (Cth) the Act, prescribes how administrations are conducted, which places limits on landlords’ rights.

What is voluntary administration?

Administration is a process where a company which is, or is likely to become, insolvent appoints an insolvency practitioner – known as an administrator – to take full control of its affairs. It allows the company’s directors or third parties time to find a way to save the business from being liquidated.

Once…

An error has occurred

Your request was blocked by Link11 Web Application Security.
If you believe this is the result of an error, contact the administrator of
www.tipranks.com.

ID: 8250b6a3ce8c8a77a68b94a98c6f1259, IP Address: 110.232.115.214, Status Code: 471
Timestamp: 2025-07-28T07:25:29.921217252+00:00

Having a lot of debt can be stressful at any age. But if you’re retired or about to live on a fixed income, paying off debt can sometimes be more challenging. As you explore your options, know that scammers might promise to take away your debt — for a fee. If you pay them before they help you, you’ll likely lose money instead of getting a fresh start. So, what’s the best way to pay down debt while avoiding scams?

• Take a look at your household budget. Use this worksheet to help you get organized.
• Call companies you owe money to, before a debt collector gets involved. Explain why you’re having trouble paying and ask for a payment plan. Some companies might agree to accept less than what you owe.
• Consider a credit counselor or…

After three years of crippling hikes in student debt under the Albanese government, young Australians deserve better protections and greater certainty when entering into a student loan.

That is why I am proposing an amendment to Labor’s student debt discount bill with a HELP (Higher Education Loan Program) loan inflation guarantee.

Anyone who takes out a HELP loan must not pay the price for Labor’s failure to control inflation.

Australians with a student loan or those planning to undertake tertiary studies should not be blindsided by high indexation driven by high inflation, as has occurred under Labor over the past three years.

That is why I am proposing that HELP indexation should be the lesser of the consumer price index or…