Over 100000 borrowers seek help to settle informal debts – Thai PBS World

A total of 105,482 borrowers have signed up since the beginning of December for government assistance in tackling their informal indebtedness, estimated at about 6.5 billion, Government Spokesman Chai Wacharonke said on Friday. So far, authorities have succeeded in mediating debt settlements for 224 borrowers, out of the 1,294 cases currently in the mediation process,…

Couple has $520,000 in debtand wife had no idea: 'We've been living a life maybe we shouldn't be living' – CNBC

It’s not uncommon for people to keep financial secrets from their partners. Nearly 1 in 4 Americans in relationships admit to keeping a money-related secret from their significant other, according to a 2023 Bankrate survey. A $520,000 secret is a pretty big one, though. That’s how much debt Aldo was hiding from his wife Cassandra,…

Debt-for-nature swaps: A viable alternative for vulnerable economies amid global challenges – White & Case LLP

The concept of debt-for-nature swaps (DFNSs) was first introduced in the 1980s for conversion of debt owed to creditors by developing countries that were unable to service their external debt. Over the past 30 years, a whole range of different debt treatment operations has been developed under the umbrella of DFNSs involving both commercial debt…

Cabinet allocates 4.9 billion baht to help ease debt burden of small businesses – Nation Thailand

Kharom Polpornklang, a deputy government spokesman, said on Tuesday that the approved package comprises three key measures, namely: Debt moratorium for SMEs: A debt moratorium will be offered to small businesses grappling with financial challenges in the wake of the Covid-19 pandemic. Soft loans for loan shark victims: Soft loans will be provided to debtors…