Government-Backed Investment Funds to Help With Deleveraging – Caixin Media

(Beijing) Central and local governments are setting up investment funds that are expected to take part in the debt restructuring of state-owned enterprises (SOEs) by making equity investments, buying debts and participating in debt-to-equity swaps, among other activities. In February, the State-Owned Assets Supervision and Administration Commission (SASAC) selected China Chengtong Holdings Group Ltd. and…

Investigations Into Businesses Linked to Debt-Relief Advocate Howard Dvorkin intensify – Wall Street Journal

Oct. 27, 2016 6:23 p.m. ET Federal and state investigators are intensifying their scrutiny of businesses connected to Howard Dvorkin, a prominent advocate for consumer-debt relief. Mr. Dvorkin is the founder and former president of Consolidated Credit Counseling Services, a nonprofit in Fort Lauderdale, Fla., that advises borrowers on how to reduce their debts. He…

Want to aid vocations? Help reduce debt, Laboure Society says – Catholic News Agency

St. Paul, Minn., Oct 24, 2016 / 05:19 pm (CNA/EWTN News).- Personal and student debt can slow down or prevent prospective seminarians and aspirants to religious orders from pursuing their vocations, but one organization with national scope aims to change that. The Laboure Society’s work is critical because thousands of discerning men and women are…