More big firms are likely to go bust next year amid the double whammy of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another…
By the time registration ended yesterday, 113,859 informal debtors had registered seeking government help to mediate their combined 7.35 billion baht in debt to 84,313 informal lenders. According to Interior Permanent Secretary Suttipong Juljarern, officials have already mediated settlement agreements for 933 borrowers, amounting to 131 million baht, and have taken legal action against creditors…
As of 2023 Americans owe more than $1 trillion in credit card debt, but being proactive and completing four key steps can help consumers avoid credit card debt. Joining PennyWise this week is personal finance writer at WalletHub, Chip Lupo, to describe in detail how to accomplish the four steps. Read more on WalletHub here!…
Education Minister Jason Clare has set a debt trap for struggling university students after dramatically weakening his support for students scheme which fails to deliver the safeguards he promised, Shadow Minister for Education Sarah Henderson has warned. The support for students scheme, adopted under the cover of darkness the week before Christmas, is now so…
This article was co-authored with Queenie Mok. In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…
This article was co-authored with Queenie Mok. In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…
Measurable: How much do you want to pay down, or save? For example, you may decide to repay half of your remaining student loans or save $85 a month for emergencies. Did you know that by saving $85 a month, you would have a little over $1,000 saved in one year? BDO Debt Solutions Fresh…
Susan Edmunds/STUFF Get rid of debt No one likes to go into the new year with last years unpleasantness hanging around. But there are ways to shake off short-term, consumer debt so that last years decisions dont become 2024 headaches. Here are a few tips to get you started. Get a clear picture of the…
More big firms are likely to go bust next year amid the double whammy of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another…