More than 275,000 borrowers enrolled in Saving on a Valuable Education (SAVE), public service loan forgiveness (PSLF), and others who benefit from previously announced income-driven repayment plan adjustments will see student debt relief amounting to $7.4 billion applied on their accounts, the Biden Administration announced Friday. The decision comes on the heels of a separate…
On Friday, President Joe Bidens administration announced its latest student debt relief effort, authorizing $7.4 billion in student loan debt forgiveness for 277,000 borrowers. This latest round of debt forgiveness takes place under Bidens Saving on a Valuable Education (SAVE) program, which ties monthly student loan payments and debt forgiveness to income and family size. …
If you’re feeling overwhelmed by high-interest debt, these payoff strategies can help you tackle what you owe. Getty Images If you’re carrying variable-interest debt on credit cards or other credit products, you’ve likely noticed an uptick in interest over the past few years. The Fed implemented a series of rate hikes throughout 2022 and 2023…
What to Know Ippei Mizuhara faces federal bank fraud charges in the the theft of millions of dollars from the account of Dodgers star Shohei Ohtani. In criminal complaint filed in support of the charges, Ippei Mizuhara is accused of placing about 19,000 wagers between December 2021 and January 2024. He is accused of stealing…
Personal guarantees can lead small and medium businesses into bankruptcy, warns national insolvency and turnaround firm Jirsch Sutherland. Youre out of free articles for this month To continue reading the rest of this article, please log in. Create free account to get unlimited news articles and more! The firm said owners of small and medium…
NEW YORK, April 12, 2024–(BUSINESS WIRE)–Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse. Barkhouse will lead Krolls Offshore Restructuring business internationally and co-lead Krolls Cayman Islands and British Virgin Islands operations with Mitchell Mansfield. Based in the…
A company involved in the construction industry has gone bust leaving it $2.5 million in debt. Melbourne-based company MadeCo, which was responsible for kitchen manufacturing, went into voluntary administration with 30 employees impacted. Its failure has left 70 creditors left with unpaid debts including $620,000 owed to employees for annual leave, long service leave and…
Deccan Charters had repaid some amount which was adjusted into the accrued interest | Photo: Wikipedia 2 min read Last Updated : Apr 12 2024 | 2:39 PM IST The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing.…
Tough action taken against directors to tackle Covid loan misconduct A total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up more than 80% on the previous year The average length of director disqualification for Covid misconduct in 2023-24 was almost 10 years More than 800 company directors have been…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath‘s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed initiation of Corporate Insolvency Resolution Process (CIRP), admitting a plea of financial creditor Krone…