Debt relief improves psychological and cognitive function, enabling better decision-making – EurekAlert

While many of the poor are burdened with debt, helping them financially is controversial because their debts are often believed to result from bad habits. A new study by the Social Service Research Centre (SSR) at the National University of Singapore (NUS) demonstrates that reducing the number of debt accounts lowers the mental burden of…

Democratic State Senators Propose Student Loan Debt Relief – 90.5 WESA

Three Pennsylvania state senate Democrats are launching a plan to help people with student loan debt. Sen. Vincent Hughes, who represents parts of Philadelphia and Montgomery counties, is working with Sen.Katie Muth, who represents parts of Montgomery and Chester counties, and Lindsey Williams, who represents Allegheny County, to co-sponsor thePA Student Higher Education Lending Protection…

Majority of Corporate Insolvency Cases Settled, Next Move is to Resolve Personal Insolvency: Injeti Srinivas – – Accommodation TAccimes

Image for representation By Accommodation Times Bureau NEW DELHI: Injeti Srinivas, Secretary, Ministry of Corporate Affairs on Monday said the majority of corporate insolvency, which has led to a burgeoning of NPAs, has been settled and the accent is now on resolving personal insolvency. He was speaking at CII-British High Commission organised National Conference on…

Good outcome from creditors-company negotiations better than insolvency: Centre on Jet crisis – The Hans India

NEW DELHI: As Jet Airways battles acute financial woes, a senior government official Monday said a “good outcome” from the negotiations between the creditors and the company would be better than moving for proceedings under the insolvency law. “I think creditors and the debtor are in discussion. That is the best process,” Corporate Affairs Secretary…

Queensland Brickworks Enters Administration Amid Market Headwinds – The Urban Developer

A Queensland brickworks company formed in the 1800s has entered voluntary administration, the latest collapse in an industry contending with high energy costs and a rapidly slowing property market. Claypave, which operates a brick manufacturing plant in Ipswich, has appointed insolvency firm Worrells as administrators. Up to 50 employees risk losing their jobs at the…