Student loan startups are seeing tailwinds of new investment and new customers as the U.S. faces a continued student loan debt crisis. Subscribe to the Crunchbase Daily The Federal Reserve estimates $1.7 trillion in U.S. student loan debt. Students, on average, graduate with $29,000 of private and federal loan debt and default on their loans…
DetailsWashington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the…
Details111 corporate insolvencies were recorded in Ireland in the first quarter of this year, according to the latest figures published by Deloitte. This represents a decrease of 30% from the same quarter in 2020, when 159 incidents were recorded. According to Deloitte, this lower level of insolvency activity is likely to be influenced by the…
DetailsThe Education Department (ED) is halting interest and debt collection on about 1.14 million defaulted loans in the Federal Family Education Loan Program (FFELP). At a time when many student loan borrowers have faced economic uncertainty, were ensuring that relief already provided to borrowers of loans held by the Department is available to more borrowers…
DetailsThe bankrupt Polish offshore wind foundation manufacturer, ST3 Offshore, has not found a buyer through a tender issued in the second half of February, and has now opened a new tender with a 10 per cent lower starting price. The new tender, open for bidding until 14:00 on 14 April, offers a starting price of…
DetailsThe Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino. VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast. After losing an…
DetailsDisgraced former Auburn deputy mayor Salim Mehajer has spent most of the past five months in segregation, held in his prison cell for 23 hours a day, and could face years more in prison for lying to the courts. The judge who will sentence him for two counts of perverting the course of justice and…
DetailsWhile the Tax Office, the Morrison government, and even the banks are more willing to support restructuring solutions than they have been in the past, the ATO is expected to start cracking down on payment plans and compliance, says one insolvency expert. In the wake of JobKeeper, and the expiry of other government support programs,…
DetailsAdvertisement Tuesday, March 30, 2021 The Corporate Insolvency and Governance Act 2020 introduced a number of temporary changes to UK insolvency laws last year. Those changes, together with other measures such as the moratorium on forfeiture proceedings have recently been extended, we assume, to avoid the perceived cliff edge of insolvencies that might follow if…
DetailsBig Cheese Photo / Getty Images If you’re lost in a mire of debt, a credit counselor can help. There are many routes to debt problems. You may have lost your job and been swamped with bills, or you may be stuck with credit card balances that aren’t going down. Perhaps you want to tackle…
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