Consumer debt in America has long been a major problem, and COVID-19 has only made it worse. Before the pandemic, the average American had over $90,000 in debt, and we will have to wait and see what the reality is at the end of 2020. So, if you are struggling with debt, you are certainly…
DetailsThousands of employers could see substantial rises in levies paid to the Pension Protection Fund as Covid-19 prompts a wave of business failures, the UK industry lifeboat scheme has warned. Roughly 5,500 corporate pension schemes pay annual levies to the PPF, which pays compensation to members of defined benefit plans where the sponsoring employer has…
DetailsResponsible gambling charity GamCare has launched a new toolkit to help UK financial institutions, gambling businesses and debt advice agencies identify and support customers experiencing gambling-related financial harms. Available for free on the GamCare website, the new solution was developed in partnership with a number of debt charities and agencies, high street banks and gambling…
DetailsSouth Korea have said that a government official slain by North Korean sailors wanted to defect, concluding that the man, who had gambling debts, swam against unfavourable currents with the help of a life jacket and a flotation device and conveyed his intention of resettling in North Korea. Senior coast guard officer Yoon Seong-hyun said…
DetailsPhoto by Annie Spratt Originally Posted On: https://malanijeavanna.com/7-essential-pieces-of-debt-advice-to-help-your-tackle-debt/ If theres one issue that plagues most Americans, its the seriousness of debt. If youre reading this, you might be one of the many Americans who struggle to pay off their debt. Debt can hold you back. It prevents you from saving money, investing, improving your credit…
DetailsTravelPharm Group, which operated airport pharmacies across the country, has been placed into liquidation following a court order. Liquidator Steven Khov of Khov Jones was appointed by the High Court in Auckland following a creditors successful application to liquidate the health retailer. Jones said it was too early to say how much the company owed…
DetailsThe Institute of Public Accountants (IPA) has welcomed the Governments insolvency framework as it could be the difference between survival and extinction for small businesses. IPA chief executive, Andrew Conway, said the reforms would test the viability of small businesses and support their recovery, restructure and survival. Or, it would help them wind down and…
DetailsOne of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the possibility of lengthening the debt relief programme, with industries that have been impacted most by the crisis potentially having aid extended by as many as six months SINGAPORE: Singapores central bank is in talks with lenders…
DetailsAhead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory shield) that expires…
DetailsTreasurer Josh Frydenberg. Ahead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory…
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