The U.S. Education Department is proposing changes to Obama-era rules that offer debt relief for students who were defrauded by their colleges. If you attended a school that misled you or engaged in misconduct, theres a government program called Borrower Defense to Repayment that helps get relief from your federal student loans. The rules that…
With the recent news that Marks & Spencer, Debenhams and House of Fraser are to close stores across the UK amid heavy falls in profit, it has raised questions around what employees rights are when a business decides to restructure. Contributor Kirsten Cluer, HR Consultant and owner Cluer HR. House of Fraser, the most recent established…
New London Ten years ago, on July 28, 2008, federal regulators arrived early in the morning at the tiny New London Security Federal Credit Union to close down the more than 70-year-old institution, only to find that someone apparently had broken in to the office overnight. “It looked like somebody had tried to get past the…
Jonathan Ames, Legal Correspondent Kevin Cash with his wife, Carla, a former model. North Aston Hall is up for sale but it may be beyond the reach of creditorsVAGNER VIDAL/INS; NICK HARVEY/GETTY IMAGES A little more than a year ago, he had it all expensive houses, the trappings of luxurious living and a trophy wife. He…
exclusive A former banker from RBSs Global Restructuring Group is alleged to have demanded cash from customers in return for forbearance on their debtsPhilip Toscano/PA Allegations that a former Royal Bank of Scotland manager solicited bribes from small business owners in return for showing leniency towards their troubled companies are being investigated by police, The…
Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…