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2 mins read

Sebi proposes Rs 1 crore minimum investment, mandatory demat form for securitized debt instruments

Sebi has proposed new rules for securitisation activities, including an investment minimum of Rs 1 …

PTI   


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3 mins read

Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention

The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…

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2 mins read

Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy

A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a f…

Lian Kit Wee,Will Martin   


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2 mins read

Student-loan borrowers can expect 2 of Biden's key debt relief efforts to face roadblocks under Trump

President-elect Donald Trump is unlikely to continue Biden's student-debt relief efforts, from the …

Ayelet Sheffey   


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2 mins read

More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process

The Justice Department announced that 98% of student-loan borrowers who requested bankruptcy relief…

Ayelet Sheffey   


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2 mins read

Stocks might 'go nowhere' for the rest of this year amid Fed uncertainty and US debt concerns, market vet says

The S&P 500 will get stuck around 5,800 for the rest of the year as rate cuts disappoint and concer…

Jennifer Sor   


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5 mins read

Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.

Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…

Ayelet Sheffey   


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2 mins read

More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say

Sen. Elizabeth Warren led some of her colleagues in calling on Biden's administration to bolster ou…

Ayelet Sheffey   


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2 mins read

Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed

The Public Service Loan Forgiveness program is transferring away from student-loan company MOHELA, …

Ayelet Sheffey   


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2 mins read

8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal

The Education Department released its proposal to get student-debt relief to borrowers facing finan…

Ayelet Sheffey   


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1 min read

Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…

ANI   


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2 mins read

60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court

The latest student-loan forgiveness announcement brings the total number of borrowers approved for …

Ayelet Sheffey   


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4 mins read

A major student-loan company is once again at the center of a lawsuit blocking debt cancellation for millions of borrowers

The latest lawsuit that temporarily blocked broader debt cancellation argues the relief would harm …

Ayelet Sheffey   


Ayelet Sheffey   


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3 mins read

I'm a divorced mom, and despite getting $1200 monthly in child support, I have a lot of debt

Despite having very different salaries, my ex and I split the kids' expenses evenly. That means tha…

Isobella Jade   


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2 mins read

30 million student-loan borrowers get bad news after a Trump-appointed federal judge officially blocks Biden from carrying out broader debt cancellation

Just hours after the lawsuit to block broader student-loan forgiveness was transferred to Missouri,…

Ayelet Sheffey   


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5 mins read

Debt recovery best practices: Lessons learned from successful business experiences

Debt collection has always been an obstacle-ridden course for most organisations. The steep rise in…

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5 mins read

A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments

Lawrence Delva-Gonzalez grew his net worth through investing heavily in retirement accounts, buying…

Noah Sheidlower   


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1 min read

Elon Musk is foreclosing on an LA home. The owners, who Musk lent money to, say they 'owe him such a spiritual debt.'

The house once belonged to the late actor Gene Wilder. His nephew bought the home from Musk in 2020…

Lian Kit Wee