You deserve relief: President Biden wipes out another $1.2 billion in student debt for borrowers on the SAVE plan House Republicans call move ‘unlawful’ Another wave of student debt relief has rolled in for nearly 153,000 borrowers in the U.S. The Biden administration announced on Wednesday it will wipe out $1.2 billion in student debt…
DetailsMore than two dozen migrant workers at labour hire company, Buildhub, who used their life savings to move to New Zealand say their future is in limbo after the firm went into liquidation a week ago. The company, an approved employer under Immigration New Zealands (INZ) Accredited Employer Work Visa scheme, has been actively recruiting…
DetailsUniversity course fees may be changed and students given more support in paying their Hecs and Help debts, as part of a proposed massive overhaul of the tertiary education system being considered by the education minister, Jason Clare. The changes may include paying some students to complete work experience as the government plans for the…
DetailsAnalysis and Commentary on the Insolvency Statistics Q2 2023 The quarterly insolvency statistics for April to June 2023 show that corporate insolvencies across the UK1 are at a 14-year high. Increased insolvencies appear to be continuing with the monthly statistics for both August and September 2023, showing corporate insolvency numbers were higher than the same…
DetailsA 50-year-old gambler under pressure to repay loan sharks carried out an armed robbery at a garage threatening to kill a young man behind the counter if he did not hand over cash. Judge Colin Daly gave Conor Murray, of 37 Avoncore Place, Midleton, Co Cork, a fully suspended two-year sentence at Cork Circuit Criminal…
DetailsThe England and Wales Court of Appeal recently handed down its first judgment relating to a restructuring plan under Part 26A of the UK Companies Act 2006: Re AGPS Bondco Plc [2024] EWCA Civ 24. Restructuring plans were a 2020 innovation in UK insolvency law, as described in our earlier alert. At first instance, the…
DetailsGrowing credit card debt and steep interest rates are becoming a significant burden for many in our area, with a notable surge in individuals seeking assistance. Sharice Nwankwo, who found herself with over $20,000 in credit card debt. “I was using my credit card, and after a while, I couldn’t pay the minimum payment,” Nwankwo…
DetailsIrvine, California–(Newsfile Corp. – February 23, 2024) – Verify Debt Solutions, a renowned leader in the financial services industry, proudly unveils its latest innovation: the Debt Resolution Program. This revolutionary program is designed to provide individuals with a clear and effective pathway to potential financial freedom, offering comprehensive solutions aiming to help individuals break free…
DetailsBasic competence in government makes too few headlines. But to four million Americans, it was exactly what they needed to escape a lifetime of financial burdens. Any president could have done it, but Joe Biden actually got it done. On Wednesday, Biden spoke at a Culver City, California, library about how the new round of…
DetailsAn Australian music company led by a director with a criminal conviction has been spared from going into liquidation, for now. News.com.au previously reported that NSW-based music company, Blue Pie Records, with offices in Australia and the US, had landed itself in hot water over claims from musicians that the record label had used their…
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