Take this example: A borrower with $70,000 of federal student loan debt, an average interest rate of 5.5 percent and an income of $50,000 (growing 3 percent annually) would pay about $89,600 over the course of 20 years under a Pay As You Earn plan, introduced by the Obama administration in 2012. Under Trump’s repayment…
DetailsBy Reuters Published: 04:54 +11:00, 11 November 2016 | Updated: 04:54 +11:00, 11 November 2016 e-mail PRAGUE, Nov 10 (Reuters) – Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million).…
DetailsNoble Group chalked up another quarterly loss as it was forced to shun potentially profitable trading opportunities to focus on paying down debt and conserving capital. In the three months to September the Hong Kong-based group recorded a net loss of $28.1m, against a profit of $24.7m a year earlier as it took a $60m…
DetailsThe kicker is, the couple had been supporting their adult kids all along, paying some of their college tuition, ponying up living expenses and even putting gas in one child’s car. These “kids,” as they called them, were also 28, 26 and 21 years old! For Ted and Linda, getting their kids through college was…
DetailsApplecross-based PDC Group has entered into an agreement for the sale of its building information modelling management business to a US construction services firm for an undisclosed sum. DBM Global, a steel construction services business and a subsidiary of diversified New York Stock Exchange-listed financial services firm HC2 Holdings, has agreed to buy PDC BIM,…
DetailsGreece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis Stournaras said. Propped up by three successive bailouts, Greece hopes to emerge from a long recession next year. But…
Details© Reuters. A man walks past the headquarters of the Central Bank of Greece in Athens By George Georgiopoulos and Balazs Koranyi ATHENS (Reuters) – Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset…
DetailsBy George Georgiopoulos and Balazs Koranyi | ATHENS Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis Stournaras said. Propped up by three successive bailouts, Greece hopes to…
DetailsEveryone knows the saying “too little too late”. But when it comes to debt review, when is it too late to apply? Debt review or debt counselling is a process in terms of the National Credit Act, Act 34 of 2005, where a consumer who is over indebted (a consumer who is unable to satisfy…
DetailsMr Smyth’s assets once included penthouse apartments at an exclusive address in New York, and high-profile commercial property in London and Dublin. His bankruptcy effectively marks the final disintegration of his empire, which has unravelled over the past few years. Mr Smyth’s wife, Ita, has also been declared bankrupt. The businessman is the founder of…
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