The High Court has approved personal insolvency arrangements (PIAs) allowing a separated couple who have worked in the pub and food industry to write off more than 2.8 million of debts. Mr Justice Alexander Owens on Monday approved the arrangements for Bernadette Canning, of Monknewtown, Slane, Co Meath, and Graham Canning, of Ledwidge Hall, Slane,…
DetailsThe Education Department opened public comments on its proposals to reform student-loan repayment. Over a thousand people flooded the section with identical comments opposing debt relief. The department hopes to implement the reforms to income-driven repayments plans this year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…
DetailsSource: Getty Images Rising credit interest rates have made it even more expensive to carry debts. But a proposal in Congress that would cap rates on consumer loans at 36% may not be an effective way of curbing those higher costs of borrowing, according to new research from the Urban Institute’s Financial Well-Being Data Hub.…
DetailsRoofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia. Firm: Gilbert + Tobin (Roofoods) Already have an account? Sign in below: Deal: Publicly listed UK entity Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia, following its decision to exit the Australian market amid challenging…
DetailsChinas EXIM Bank says in a letter to Sri Lanka that the latter need not pay back the principal and interest due on EXIM banks US$ 2.8 billion loan that were due in 2022 and 2023. Reuters reported on Tuesday that the Export-Import Bank of China has told Sri Lanka, through a letter, that it…
Details* China offers debt service relief in 2022, 2023 * Sri Lanka sources unclear if China letter will be enough for IMF * Broad agreement between IMF, China on Zambia could provide clues (Adds IMF spokesperson, source) By Devjyot Ghoshal and Uditha Jayasinghe NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has…
DetailsTwo months after Yasiel Puig withdrew a guilty plea in a comprehensive illegal sports betting case, the former Major League Baseball outfielder is facing new charges in the matter. Puig, who withdrew his guilty plea for making false statements to federal law enforcement officials, is now facing obstruction of justice charges in connection with the…
DetailsFor most people, credit card debt is an unavoidable reality. We often find ourselves in a situation where the balance becomes too difficult to manage. In this situation, its important to take action and look for ways to reduce whats owed. Steps of Debt Settlement These are the necessary steps to settling a debt through…
DetailsDebt-ridden Jaypee Infratech, which is facing insolvency proceedings, on Tuesday said that all the consortium lenders — excluding ICICI Bank — have assigned their debt to National Asset Reconstruction Company Ltd (NARCL). Jaypee Infratech Ltd (JIL) is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency & Bankruptcy Code (IBC) following…
DetailsCape Verde owes around $150m to the Portugese state but Portugal says it will write off the debt if the African island nation spends the money on environmental measures Portugal has signed an agreement to swap Cape Verdes debt for investments in an environmental and climate fund that is being established by the archipelago nation…
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