Leaders of 20 U.S. cities and counties, representing more than 1.2 million borrowers with nearly $50 billion in student debt, wrote to President Joe Biden on Thursday demanding swift action on long-promised and long-delayed relief. Biden’s first plan to cancel up to $20,000 per borrower was struck down by the U.S. Supreme Court in June.…
DetailsIn a challenging economic environment, like the one many businesses currently find themselves in, its an unfortunate truth that the number of corporate insolvencies spikes. Scottish Government figures show that there were 1,132 corporate insolvencies of all types during 2022/23. This was up 32.6% for the same reporting period the year before, and a rise…
DetailsBlockheating from Heerlen has been declared bankrupt. The company was active in placing mobile data centers next to greenhouses. Blockheating supplied growers with hot water at 60 degrees Celsius, including a data center next to a tomato greenhouse in northern Limburg. On the IT side, however, the startup encountered challenges. As is often the case…
DetailsThe restructuring agreement announced by online car dealer Cazoo this week to deleverage its capital structure and further improve its financial flexibility won’t yet smooth its investors’ journey, and stakeholders should “buckle up” according to one expert. It was revealed on Wednesday that the automotive e-commerce firm Cazoo and its bondholders agreed a debt-for-equity swap, replacing nearly $630m…
DetailsIn 1982, a Yale writing teacher named David Milch wrote a script for Hill Street Blues, a police procedural that Steven Bochco had cocreated the previous year. The script sold, and Milch joined the staff, where he soon became executive producer and began a celebrated career as a creator, writer and producer of TV dramas.…
DetailsDutch electronics retailer BCC was declared bankrupt by an Amsterdam court on Friday, a day after the chain reportedly filed for bankruptcy. Many of the companys 1,100 employees are expected to lose their jobs, but could return to work if some of BBCs business units are acquired by other companies. The company is owned by…
DetailsReality television personalities Kim Zolciak, 45, and her husband Kroy Biermann, 38, are embroiled in a bitter and very public divorce proceeding that has revealed their worrying financial state. Through legal documents made public, Biermann points a finger at his wife as the primary catalyst for their financial predicament. For all his eight seasons as…
DetailsThis article is the latest part of the FTs Financial Literacy and Inclusion Campaign Mortgage borrowers may have breathed a sign of relief this week as interest rates appeared to reach their peak. But look beyond the headlines and a much nastier, harder-to-solve debt problem is lurking. I am talking about the record 22bn UK…
DetailsJUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. National Debt Relief Overview How National Debt Relief Works How Much Does National Debt Relief Cost? How National Debt Relief Compares to the Competition National Debt Relief Frequently Asked Questions National Debt Relief Overview How National…
DetailsHome equity loans can help consolidate your debt, often at a lower interest rate than some alternatives. Getty Images/iStockphoto Home equity loans let you borrow against the equity you’ve built in your home. For example, if your house is worth $500,000 and you owe $300,000 on it, you’d have $200,000 in potentially tappable equity. “By…
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