IF YOU’RE struggling with runaway debt, be careful who you turn to for help. There’s no shortage of “debt management firms promising rapid solutions to overwhelming debt. Their services typically include bankruptcy advice, formal and informal debt agreements and debt consolidation. Others advertise “cleaning, “repairing, or “washing away default listings on personal credit reports. For…
GET YOUR COMPANY TO HELP Some private companies offer student debt payments — say, $100 a month directly to the loan principal — as an employee benefit, similar to health insurance or 401(k) contributions. A 2016 report from the Society for Human Resource Management found that 4 percent of member companies and organizations surveyed offered…
Applications for personal insolvency arrangements more than doubled in the first three months of this year when compared to the equivalent period in 2016. The total received between last January and April was 1,144. The number of arrangements finalised in the same period rose by almost one-fifth to 179. The Insolvency Service of Ireland said…
Source: Montenegro Airlines PODGORICA (Montenegro), May 25 (SeeNews) Montenegro’s tax authority said it has rejected the tax debt restructuring proposal of flag carrier Montenegro Airlines as the company receives state aid. In this way, Montenegro Airlines tops the blacklist of tax debtors to the country’s treasury, with liabilities worth 15.4 million euro ($17.3 million), the…
Retail giant Marks & Spencer has seen annual profits tumble by nearly two thirds and revealed sales across its under-pressure clothing arm have plunged back into reverse. Chief executive Steve Rowe admitted the group’s overhaul has “come with a cost” as he posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on…
One of Australia’s largest vocational education providers, Careers Australia, has been placed into voluntary administration. It leaves an uncertain future for its 15,000 students, 1,000 staff members and 13 campuses across the country, from Melbourne to Townsville. At its height Careers Australia was raking in hundreds of millions of dollars in taxpayer funding for…
SAN FRANCISCO (KGO) — The family of a missing Uber driver missing for a week and a half is not giving up hope that he’ll be found. Police so far aren’t talking about the case, except to say they’re serving search warrants. According to a source with knowledge of the SFPD investigation, foul play is…
The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances OGrady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt which…
Britain’s best-known fashion retailer Sir Philip Green is expected to come to the rescue of TOPSHOP Australia by taking over the local operations. The administrators of TOPSHOP Australia, which was placed into voluntary administration on Wednesday night, are in talks with Sir Philip’s Arcadia Group, which owns the TOPSHOP and TOPMAN brands, about taking back control of…