Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
As of July 1, new legislation went into effect to help Vermonters struggling with medical debt.State Treasurer Mike Pieciak said the initiative is a two-step approach. The new law will erase $1 million of debt for working and middle-class Vermonters. This is an automatic entry, so people who are eligible do not need to apply.It will also remove medical debit from credit reports, regardless of income status.Pieciak said his office will be working with Undue Medical Debt, an organization that negotiates with hospitals and other healthcare centers.”Undue Medical Debt has a long track record of buying and forgiving medical debt across the country. They just surpassed $15 billion, but they also just announced that they’re eliminating…
The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the full amount of their wagering losses.
New rules included in the massive tax bill that was signed into law in July will reduce the tax deduction gamblers can claim on their losses, from 100 percent to 90 percent, starting next year.
Consider this: If a gambler wins $20,000 and loses $20,000 in the same year, this change in tax law affects how much of those losses they can deduct:
In tax year 2025, before the new rule, the taxpayer can deduct the full $20,000 in losses.
Three million Australians will have their student debt slashed as Labor passed the highly anticipated legislation through parliament.
As promised to voters, the Albanese government introduced the HECS debt bill to cut 20 per cent from existing university and TAFE debts as its first order of business last week.
It passed the Senate on Thursday morning, 36 votes to three. Crossbenchers David Pocock, Fatima Payman, and Tammy Tyrrell all voted with the government and the Greens.
Education Minister Jason Clare said the average $5,500 that Australians would save is a “big deal”.
“That’s a lot of weight off their back, and it will help a lot of young people that might be just out of uni, just out of home, just getting started,” he told reporters…
To find a reputable service, head to the National Foundation for Credit Counseling. It’s a trusted resource for accredited agencies nationwide.
GREENSBORO, N.C. — Got debt? You’re not alone. Business Insider estimated the average debt for each North Carolina resident last year. was $96,000+. This number includes mortgages, car loans, student loans, and credit card debt.
Debt consolidation may sound like the only way out of major credit card debt, but before you go with just any company that promises help, let’s look at what Consumer Reports recommends.
“The program combines your payments into one monthly…
Australian construction-industry insolvencies surged nearly 21 per cent last financial year to a new high, reflecting what the corporate regulator said was a greater use of insolvency appointments by small businesses restructuring debts in a way that would let them keep trading.
Figures published by the Australian Securities and Investments Commission on Monday showed economy-wide insolvency appointments for the year to June revealed a jump in construction-industry insolvencies – the single largest sector – from 2977 in FY24 to 3595, while total insolvencies rose 33 per cent to 14,716.
A company paid more than €720,000 twice by the Health Service Executive (HSE) on foot of the same invoice is now in liquidation.
The HSE said it was “engaged with the liquidator to recover and resolve this overpayment, among other matters”. So far the overpayment has not been recouped.
The HSE said that, at the time of the liquidation, the company had maintained it was owed additional money by the health service but this was not paid “pending the resolution of the double payment issue and other matters”.
The HSE identified the company that received the two payments as PMD Device Solutions Ltd.
In February, PMD Device Solutions Ltd petitioned the High Court for the appointment of provisional liquidators, acknowledging it was…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
Morris, 35, was arrested Sunday at a South Florida airport on a fraud charge stemming from what authorities described as a bounced check linked to casino debt. His agent, Yony Noy, called the situation “absolute insanity.”
In a series of candid social media posts Wednesday, Morris admitted he took out a marker to gamble — a practice he says he’s done for years — but insisted he never intended to dodge repayment or flee. Instead,…
