#debt-relief

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Socialite Candice Miller Auctioning Off Belongings From $15 Million Mansion in Fire Sale-After Husband Killed Himself Amid $34 Million Debt Crisis

Candice Miller is auctioning items to alleviate debt following her husband Brandon Miller's suicide amidst financial turmoil.
#biden-administration

54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office

Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers as part of Public Service Loan Forgiveness improvements.

Supreme Court rebuffs Biden administration plea to restore SAVE student debt plan

The Supreme Court upheld the hold on Biden's plan to reduce student loan payments amid ongoing lawsuits, delaying financial relief for borrowers.

The uncertain future of Biden's student loan repayment plan, explained

Federal judges have put an injunction on President Biden's student loan repayment program, causing uncertainty for millions of borrowers.

Biden to Forgive $6 Billion in Student Debt for 78,000 Public Service Workers

$6 billion in loan forgiveness for 78,000 public service workers announced by President Biden.
Total loan forgiveness under Biden administration is $144 billion for 4 million borrowers.

8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan

Missouri court to examine Biden's SAVE student-loan repayment plan, impacting millions of borrowers.
Legal challenges from GOP attorneys general have halted the SAVE plan's implementation.
Final decision from the 8th Circuit crucial for the future of student-loan forgiveness.

Higher monthly payments loom for many student loan borrowers

Trump's election may increase uncertainty and hinder student debt relief efforts initiated by Biden administration.

54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office

Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers as part of Public Service Loan Forgiveness improvements.

Supreme Court rebuffs Biden administration plea to restore SAVE student debt plan

The Supreme Court upheld the hold on Biden's plan to reduce student loan payments amid ongoing lawsuits, delaying financial relief for borrowers.

The uncertain future of Biden's student loan repayment plan, explained

Federal judges have put an injunction on President Biden's student loan repayment program, causing uncertainty for millions of borrowers.

Biden to Forgive $6 Billion in Student Debt for 78,000 Public Service Workers

$6 billion in loan forgiveness for 78,000 public service workers announced by President Biden.
Total loan forgiveness under Biden administration is $144 billion for 4 million borrowers.

8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan

Missouri court to examine Biden's SAVE student-loan repayment plan, impacting millions of borrowers.
Legal challenges from GOP attorneys general have halted the SAVE plan's implementation.
Final decision from the 8th Circuit crucial for the future of student-loan forgiveness.

Higher monthly payments loom for many student loan borrowers

Trump's election may increase uncertainty and hinder student debt relief efforts initiated by Biden administration.
morebiden-administration
#higher-education

Biden cancels another $4.2bn in US student loans before leaving office

Biden's administration has forgiven $180 billion in student loans, aiding nearly five million Americans, mainly public service workers.

Will Trump Try to End the Public Service Loan Forgiveness Program?

The Public Service Loan Forgiveness program may face significant changes under President Trump, impacting millions of borrowers reliant on it.

Student loan balances wiped for the first batch of borrowers in Biden's SAVE plan

Federal Education Department zeroed out loan balances for 153,000 borrowers with $12,000 or less, who paid for 10+ years under the SAVE plan.
SAVE plan aims to address the high cost of college, providing debt relief to those in need while focusing on college accountability.

Biden cancels another $4.2bn in US student loans before leaving office

Biden's administration has forgiven $180 billion in student loans, aiding nearly five million Americans, mainly public service workers.

Will Trump Try to End the Public Service Loan Forgiveness Program?

The Public Service Loan Forgiveness program may face significant changes under President Trump, impacting millions of borrowers reliant on it.

Student loan balances wiped for the first batch of borrowers in Biden's SAVE plan

Federal Education Department zeroed out loan balances for 153,000 borrowers with $12,000 or less, who paid for 10+ years under the SAVE plan.
SAVE plan aims to address the high cost of college, providing debt relief to those in need while focusing on college accountability.
morehigher-education
#student-loans

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

For-profit colleges lose appeal to stop debt relief settlement

For-profit colleges lost their appeal to challenge a settlement that canceled $6 billion in student loans for over 200,000 borrowers.

Debts canceled for 317,000 former Art Institutes students

The Education Department will eliminate $6.1 billion in loans for Art Institute students from 2004 to 2017 through borrower defense program.

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

For-profit colleges lose appeal to stop debt relief settlement

For-profit colleges lost their appeal to challenge a settlement that canceled $6 billion in student loans for over 200,000 borrowers.

Debts canceled for 317,000 former Art Institutes students

The Education Department will eliminate $6.1 billion in loans for Art Institute students from 2004 to 2017 through borrower defense program.
morestudent-loans

BuzzFeed survives by selling 'Hot Ones' to George Soros

BuzzFeed alleviated its debt burden by selling 'Hot Ones' for $83 million, stabilizing its financial situation.

It's time to tax fossil fuels and shipped goods to fund climate resilience

Climate-stricken regions are sinking into debt, and financing loss and damage through international levies could provide necessary support.
#sustainable-development

'Finance Day' at COP29 galvanises debate about numbers

Small Island Developing States demand a reformed climate financing system that alleviates rather than increases their debt burden.

Huge benefits' in greater debt relief for lower income countries, study finds

Lowering debt payments for poor countries could enhance education and health outcomes significantly.

'Finance Day' at COP29 galvanises debate about numbers

Small Island Developing States demand a reformed climate financing system that alleviates rather than increases their debt burden.

Huge benefits' in greater debt relief for lower income countries, study finds

Lowering debt payments for poor countries could enhance education and health outcomes significantly.
moresustainable-development

China unveils 10tn yuan support for debt-stricken local government

China's debt support package aims to tackle local government debt but falls short of comprehensive solutions.

US cancels $1.1bn of Somalia's debt in historic' financial agreement

US cancels $1.1bn in Somali debt, marking a significant step in the country's economic recovery and efforts to alleviate sustainable debt burdens.
#personal-insolvency

Publican secures 50m debt deal from High Court

John Gaffney's €54.6 million debt is largely written off, allowing him to keep his home under personal insolvency legislation.

Solicitor whose property portfolio collapsed has 2.6m in debt written off by High Court

Bernard Murphy has had €2.6m in debts written off, receiving only 1.7% of what creditors are owed.

Publican secures 50m debt deal from High Court

John Gaffney's €54.6 million debt is largely written off, allowing him to keep his home under personal insolvency legislation.

Solicitor whose property portfolio collapsed has 2.6m in debt written off by High Court

Bernard Murphy has had €2.6m in debts written off, receiving only 1.7% of what creditors are owed.
morepersonal-insolvency

The Radical Potential of Bankruptcy

Many Americans are in significant debt, yet few choose bankruptcy as a solution due to stigma and cost.

How can we help stop deadly drug-resistant infections spreading? Debt relief | Glenda Gray

Antimicrobial resistance is projected to cause a drastic increase in deaths by 2050, necessitating substantial global funding and debt relief.
#imf

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

Yellen criticized China's lending practices and called for swift global debt relief for disadvantaged nations to support their development efforts.

IMF chief: 'Africa deserves to be represented more fairly' DW 10/09/2024

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

Yellen criticized China's lending practices and called for swift global debt relief for disadvantaged nations to support their development efforts.

IMF chief: 'Africa deserves to be represented more fairly' DW 10/09/2024

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.
moreimf

Drowning in credit card debt? These companies can help

Credit card debt is rising in U.S. households, indicating more reliance on credit cards for financial management.
#pandemic-impact

Needy D.C. homeowners applied for pandemic aid. They're still waiting.

Shellpoint Mortgages' relentless calls exacerbate Gregory Briscoe's financial distress, revealing systemic issues in the Homeowner Assistance Fund's execution.

Debt payments by countries most vulnerable to climate crisis soar

Debt payments have doubled for vulnerable countries due to the pandemic, hindering climate crisis efforts. Calls for urgent comprehensive debt relief.

Needy D.C. homeowners applied for pandemic aid. They're still waiting.

Shellpoint Mortgages' relentless calls exacerbate Gregory Briscoe's financial distress, revealing systemic issues in the Homeowner Assistance Fund's execution.

Debt payments by countries most vulnerable to climate crisis soar

Debt payments have doubled for vulnerable countries due to the pandemic, hindering climate crisis efforts. Calls for urgent comprehensive debt relief.
morepandemic-impact

The Deep Roots of Debt Resistance in the United States

Farmers in 1930s Iowa led a revolt against foreclosure, representing a key moment in America's debtors vs. creditors history.
#federal-reserve

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

Fed interest rate cut means borrowing money will get cheaper for customers

The Federal Reserve's upcoming interest rate cut aims to alleviate financial pressure on consumers facing high prices and borrowing costs.

How to position yourself to benefit from the Fed's first rate cut in years, according to financial experts

The Federal Reserve may lower interest rates soon, offering relief to consumers burdened by high interest charges.

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

Fed interest rate cut means borrowing money will get cheaper for customers

The Federal Reserve's upcoming interest rate cut aims to alleviate financial pressure on consumers facing high prices and borrowing costs.

How to position yourself to benefit from the Fed's first rate cut in years, according to financial experts

The Federal Reserve may lower interest rates soon, offering relief to consumers burdened by high interest charges.
morefederal-reserve

These factory workers were swamped by medical debt. Then their employer stepped in

PhiferCares Clinic provides free health care to employees, significantly reducing health care costs and debt.
#student-debt

Biden cancels $7.7bn more in student debt for 160,000 borrowers

President Biden announces cancellation of $7.7bn in student debt for 160,000 borrowers, bringing total beneficiaries to 4.75 million.

Americans over 60 are the fastest growing group of student debtors. That's awful | Gail Gardner

Older Americans are increasingly burdened by student debt, prompting urgent calls for policy change and assistance from the government.

Biden cancels $7.7bn more in student debt for 160,000 borrowers

President Biden announces cancellation of $7.7bn in student debt for 160,000 borrowers, bringing total beneficiaries to 4.75 million.

Americans over 60 are the fastest growing group of student debtors. That's awful | Gail Gardner

Older Americans are increasingly burdened by student debt, prompting urgent calls for policy change and assistance from the government.
morestudent-debt
#education-department

Millions of student-loan borrowers are getting new details on qualifying for Biden's broader debt cancellation plan coming this fall

The Education Department is proceeding with student-loan forgiveness plan, providing relief to over 30 million borrowers.

Millions of student-loan borrowers should be on the lookout for an email update on Biden's broader debt cancellation plan. They might need to take action.

The Education Department is informing student-loan borrowers about its debt relief plan and the opt-out deadline.

Millions of student-loan borrowers are getting new details on qualifying for Biden's broader debt cancellation plan coming this fall

The Education Department is proceeding with student-loan forgiveness plan, providing relief to over 30 million borrowers.

Millions of student-loan borrowers should be on the lookout for an email update on Biden's broader debt cancellation plan. They might need to take action.

The Education Department is informing student-loan borrowers about its debt relief plan and the opt-out deadline.
moreeducation-department

Student-loan borrowers can likely count on more debt cancellation if Kamala Harris wins the presidency

Vice President Kamala Harris is a leading candidate for the Democratic presidential nomination and has a strong track record of supporting student-loan borrowers.

Developing countries face worst debt crisis in history, study shows

Developing countries are facing a severe debt crisis, with a significant portion of their budgets allocated to debt servicing.

Biden, Ruto urge global lenders to ease debt burden DW 05/23/2024

Kenyan President Ruto and US President Biden to address debt burden on developing countries during state visit.
Nairobi-Washington Vision aims to reduce financing barriers and offer debt relief to developing countries, positioning the US as a favorable economic partner to Africa.

Gordon Brown warns African nations forced to pay debt over funding vital healthcare

Gordon Brown emphasizes urgent need for West to offer debt relief to African countries as they face worst crisis in a generation.
#medical-debt

Los Angeles County Approves Medical Debt Relief for Thousands of Residents

LA County supervisors voted to buy and forgive medical debt, partnering with Undue Medical Debt, aiming to alleviate financial burdens on residents living in poverty.

New York City plans to wipe out $2 billion in medical debt for 500,000 residents

New York City plans to wipe out over $2 billion in medical debt for up to 500,000 residents.
The city is partnering with RIP Medical Debt to buy the debt in bulk and forgive the amounts for people with low incomes or financial hardships.

NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents

New York City will spend $18 million to pay off medical debt owed by up to 500,000 residents.
The program is estimated to erase over $2 billion of medical debt, making it the largest municipal initiative of its kind in the country.

NYC to wipe out medical debt for 500,000 New Yorkers under new program | amNewYork

New York City is launching an effort to wipe out $2 billion in medical debt for city residents.
The initiative is supported by $18 million over three years from the city and could help up to 500,000 New Yorkers with medical debt.

New York City looks to clear $2 billion in unpaid medical bills for 500,000

New York City will purchase and erase millions of dollars of medical debt for up to 500,000 residents
The program is aimed at low-income New Yorkers with medical bills at least 5% of their annual household income

Local Governments Are Pledging to Cancel Medical Debt for Residents

New York City has pledged to pay down $2 billion worth of residents' medical debt, following the lead of Cook County, Illinois, which became the first local government to partner with RIP Medical Debt to alleviate its residents' debt.
RIP Medical Debt's model involves buying up unpaid hospital bills at a small fraction of the original value and forgiving them, effectively erasing the debt for patients.

Los Angeles County Approves Medical Debt Relief for Thousands of Residents

LA County supervisors voted to buy and forgive medical debt, partnering with Undue Medical Debt, aiming to alleviate financial burdens on residents living in poverty.

New York City plans to wipe out $2 billion in medical debt for 500,000 residents

New York City plans to wipe out over $2 billion in medical debt for up to 500,000 residents.
The city is partnering with RIP Medical Debt to buy the debt in bulk and forgive the amounts for people with low incomes or financial hardships.

NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents

New York City will spend $18 million to pay off medical debt owed by up to 500,000 residents.
The program is estimated to erase over $2 billion of medical debt, making it the largest municipal initiative of its kind in the country.

NYC to wipe out medical debt for 500,000 New Yorkers under new program | amNewYork

New York City is launching an effort to wipe out $2 billion in medical debt for city residents.
The initiative is supported by $18 million over three years from the city and could help up to 500,000 New Yorkers with medical debt.

New York City looks to clear $2 billion in unpaid medical bills for 500,000

New York City will purchase and erase millions of dollars of medical debt for up to 500,000 residents
The program is aimed at low-income New Yorkers with medical bills at least 5% of their annual household income

Local Governments Are Pledging to Cancel Medical Debt for Residents

New York City has pledged to pay down $2 billion worth of residents' medical debt, following the lead of Cook County, Illinois, which became the first local government to partner with RIP Medical Debt to alleviate its residents' debt.
RIP Medical Debt's model involves buying up unpaid hospital bills at a small fraction of the original value and forgiving them, effectively erasing the debt for patients.
moremedical-debt
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