- The Latest Debt News and Information
More than one-third of single mothers in debt as former partners fail to pay child support, research finds  The Independent

More than a third of single mothers are in debt because their former partner has failed to pay child maintenance, new research has found. A quarter of the ...

Wiping the slate clean: is it time to reconsider debt forgiveness?  Financial Times

'Debt is still sometimes wiped out in our modern world – through bankruptcies, defaults or sovereign debt restructuring plans – but these events are aberrations, ...

Eskom’s debt is draining South African growth  Financial Times

Faced with tough choices, the government will kick the problem further down the road.

Debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person  Bloomberg

Global debt hit a record $184 trillion last year, equivalent to more than $86000 per person -- more than double the average per-capita income.

Noble plans to push ahead with debt deal  Financial Times

Commodity trader Noble Group plans to push ahead with emergency $3.5bn debt restructuring by keeping the company private, in a blow to investors who could ...

I got into £25,000 of debt – this is how I’m nearly out of it after three years  iNews

At this time of year, the expectation to splurge on presents and activities with loved ones is at its peak. With the pressure to spend, people can find themselves ...

French debt faces sell-off, widening yield gap with Germany  Financial Times

French president Emmanuel Macron's move to quell anti-government protests with tax breaks and extra money for those on the minimum wage rattled bond ...

No IMF money to Pakistan to repay Chinese debt: US  Economic Times

WASHINGTON: The Trump administration is making all efforts to ensure that any IMF loan to Pakistan is not used to repay its Chinese debt, a US official told ...

Ophir Energy Increases Debt Facility After South East Asia Asset Buys  Morningstar

LONDON (Alliance News) - Oil & gas firm Ophir Energy PLC said Wednesday it has increased and extended its debt facility after the acquisition of assets in ...

Matthew Dean resigns as council leader amid claims of legal action over £25k debt  Salisbury Journal

THE leader of Salisbury City Council has resigned, saying his role has had too much of an impact on his private life.

Martin: '100,000 attempt debt suicide each year – stop the debt threats'  MoneySavingExpert

A new report by the Money and Mental Health Policy Institute calls on the government to change out-of-date legislation which is contributing to people in ...

Interserve confirms debt-for-equity talks | News  Construction News

Interserve has confirmed it is in talks with its lenders regarding a debt-for-equity swap.

How to make sure a balance-transfer card will help you pay down your debt  CNBC

Moving a balance from a high-rate credit card to one with a no-interest or low-interest offer can reduce the amount of interest you're paying. But you'll make little ...

DeVos to cancel $150 million in student loan debt  USA TODAY

The Education Department said Thursday it will cancel $150 million in federal student loan debt, despite Secretary Betsy DeVos' efforts to overhaul the ...

2 Sisters food group halts decline and cuts debt by £150 million

The parent of 2 Sisters Food Group has cut debt by £150 million as it continues its efforts to turnaround the business.

Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren't  CNBC

The corporate debt scaring policy experts like former Fed Chair Janet Yellen isn't throwing too much of a fright into market participants. In fact, some of them are ...

Canadians expected to pack on more debt, but manage it, in 2019: report  CityNews Vancouver

Two new debt reports reveal Canadians are deep in the red, and rising interest rates as well as a slowing economy could make you vulnerable.

Nepal: first came the earthquake, then came the debt  The Guardian

Ratna Awale counts herself lucky. She and her husband, Prem, and their two sons survived the devastating 7.8-magnitude earthquake in Nepal on 25 April 2015 ...

'I got into alcohol addiction and debt, but with help I turned things around’  The Guardian

Barry Deacon, 39, on how faith changed his life – and how he came to meet David Hasselhoff.

OBOR Often Leaves Countries with 'Excessive Debt' and 'Poor-quality' Projects: US  News18

If countries default on these debts, China often gains influence over the host government and may take ownership of the underlying assets, US said.

Thomas Cook shares plunge amid fears over £389m debt mountain  The Guardian

Thomas Cook shares tumbled further on Tuesday and the cost of insuring debt issued by the travel firm against default hit a record high, despite its efforts to ...

Low margins and high debts are a lethal mix  Investors Chronicle

Low profit margins are a classic sign of weakness. Combining them with lots of debt is often a recipe for trouble.

Ethical smartphone company Fairphone raises €20 million in debt, crowdfunding, and VC financing

Dutch ethical smartphone manufacturer Fairphone has raised a total of €20 million in funding and debt over the past few months. Back in August, the company ...

The Student Debt Crisis, and the FIRE Movement Daily

Youngme, Felix, and Mihir discuss staggering student debt levels, the FIRE (Financial Independence, Retire Early) Movement, and share their After Hours picks ...

Fears for Pizza Express as Moody’s downgrades debt

Pizza Express is under mounting pressure from debts, rising costs and fierce competition, credit ratings agency Moody's warned as it downgraded the restaurant ...

Céréa Partenaire completes record year of private debt investment  Private Equity Wire

Céréa Partenaire, the investor-partner of French and European Agrobusiness companies, invested EUR217 million in private debt to finance the development of ...

China demands developed countries 'pay their debts' on climate change  The Guardian

Key sticking point at UN negotiations is how countries should account for their greenhouse gas emissions.

Government's biggest contractors struggle under the weight of a £3bn debt pile  This is Money

First Carillion, now Interserve. This year has been book-ended by the implosion of two leading government contractors with the fear of more trouble to come.

Eskom Debt Swap Proposal Gets Cold Shoulder From Ramaphosa  Bloomberg

South African President Cyril Ramaphosa signaled he doesn't back a proposal from the struggling state-owned power utility for the government to assume a ...

Having a holiday financial plan can help to minimize further debt, expert says

Christmas is often referred to as the season of giving but for Islanders experiencing debt it can lead to worsening their financial situation.

Trump says he doesn't care about predicted US national debt explosion because ‘I won't be here’  The Independent

Donald Trump is reportedly refusing to tackle the US's spiralling national debt because he will not be in office by the time the situation is expected to reach a ...

Dollar debt sales hit 2½-year low  Financial Times

Global reserve currency's appreciation erodes its attractiveness for bond issuers.

Hedge funds call in top lawyer to restructure Sudanese debt  Financial Times

A group of hedge funds has hired one of the world's most prominent sovereign debt lawyers in the hope of restructuring up to $8bn in Sudanese debt if the ...

Auto debt in America — mapped  CNBC

A new map by the Urban Institute traces auto delinquency rates in counties across the U.S. How people fare with their auto loans varies dramatically from one ...

Paul Ryan Leaves Behind Big Budget Deficits and Ballooning Debt  Bloomberg

Beyond failing in his goal to shrink the federal deficit, the House speaker is leaving the budget in a precarious state.

Now I’m beating my debt and gambling addiction, I can enjoy Christmas  The Guardian

My extravagant present-buying was just a lie. Now I'm being honest with my family – and the payday lenders, says gambling campaigner Danny Cheetham.

Europe's tech startups suffer from 'diversity debt', survey finds  The Guardian

Europe's startup sector has a “shocking” lack of diversity, with 93% of all funds raised in 2018 going to all-male founding teams, according to a report by the ...

Bondholders oppose Mexico airport debt restructuring  Financial Times

Holders of more than $1bn of the bonds issued to finance a new Mexico City airport that President Andrés Manuel López Obrador wants to scrap have rejected ...

Markets Conclude the U.S. Is Riskier Than China  Bloomberg

Now the Treasury has to pay a premium over Chinese bonds to attract investors. They see four major red flags in U.S. debt.

As US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly concerned  RT

Latest data from the US Treasury Department shows that the federal government is sitting on $21.85 trillion of debt. At current pace it is likely to hit the $22 trillion ...

Puerto Rico: Economic reconstruction, debt cancellation, and self-determination

Puerto Rico has been a colony of the United States since the Spanish-American War of 1898. Its trajectory has been exceptional. Along with Cuba, it was one of ...

Donaco to conduct 'strategic review' of debt, cash flow

Australia-listed Donaco International Limited announced that it was planning a “strategic review” of its debt and cash flow situation. In its filing, the operator of ...

Alex Kozhemiakin Joins Macquarie Investment Management as Head of Emerging Markets Debt  Business Wire

To broaden the firm's existing emerging markets debt (EMD) capabilities, Macquarie Investment Management today announced that Alex Kozhemiakin has joi.

Conformis Announces Strategic Actions to Reach Profitability and Reduce Debt  Nasdaq

Optimize sales, marketing and administrative expense to take advantage of recently achieved gross margin& operational efficiencies Sharpen focus on.

Macy's Accelerates Its Debt Reduction Plan  The Motley Fool

The company is repurchasing $750 million of its debt this week, which will dramatically strengthen its balance sheet.

Govt plans brand overhaul to revive debt-laden Air India  Business Today

A four-pronged strategy is reportedly on the anvil to revive the state-owned Air India, complete with a brand overhaul and motivation for the workforce.

National Debt Under Trump Is Surging at Its Fastest Pace Since 2012  Bloomberg

U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising ...

Bank pays off single mom's student loan debt, totaling $150K  NBC 15 WPMI

A bank decided to give a single mom the ultimate Christmas gift by paying off her student loans. Jasmine Ford was the first in her family to go to college.

Govt debt to be elevated at 51.4% of GDP next year, says RAM - Business News  The Star Online

KUALA LUMPUR: RAM Rating projects the Malaysian Government debt to remain elevated at 51.4% of GDP in 2019 versus the estimated 51.6% in 2018.

Toronto and Vancouver most 'vulnerable' to interest rate hikes as personal debt soars, CMHC warns  Financial Post

TORONTO — Canadians living in two of the country's largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in ...

Thousands in layaway debt cleared at Forsyth County Walmart stores  Forsyth County News Online

In a spree of charitable holiday giving, local Forsyth County residents raised nearly $35000 to clear the layaway debts from three Forsyth County Walmart Stores.

How AltaGas hopes to win back investors: Less debt and a lower dividend  The Globe and Mail

With its share price in free fall, AltaGas Ltd. is embarking on a turnaround plan that emphasizes financial stability – and starts with slashing the dividend.

In debt we trust: the rise of art-secured lending  Art Newspaper

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market's relationship with the financial markets.

CANADA FX DEBT-C$ clings to Wednesday's rally amid competing forces  Reuters

The Canadian dollar was little changed against its U.S. counterpart on Thursday, holding onto the previous day's gains as higher oil prices offset caution on Wall ...

Former Manchester United star Dwight Yorke, 47, avoids bankruptcy after paying debt  Daily Mail

Yorke, 47, was the subject of a bankruptcy petition from HM Revenue & Customs (HMRC) and a court hearing in October heard the former Manchester United ...

AT&T: Examining The Mountain Of Debt  Seeking Alpha

I examine the mountain of debt that AT&T has. The data shows AT&T has a large amount of debt due in the next 8 years. Even with the large amount of debt, ...

Cut in debt boosts Scottish Investment Trust performance  FT Adviser

A decision to eliminate debt boosted the performance of the 1 4bn Scottish Investment Trust in the year to October 31.

Italy buys back €3.2bn of short-dated debt  Financial Times

Italy has bought back €3.2bn of its short-dated debt in a move that was financed by tapping an existing three-year bond. The Italian Treasury said in a statement ...

‘This debt must be settled’: IAAF extends Russia’s doping ban  The Guardian

The IAAF has extended its ban on Russia, with no clarity on whether it may be lifted before next year's athletics world championships in Qatar.

We need debt bonfire, says analyst | Business  The Times

Only a globally co-ordinated debt “bonfire” can save the world's leading economies from depression now that monetary and fiscal armouries are exhausted, ...

Milo Yiannopoulos 'more than $2m in debt', Australian promoters claim  The Independent

Far-right activist Milo Yiannopoulos had debts totalling more than $2m (£1.6m) during 2018, according to documents put together by his former Australian tour ...

Duo arrested for soliciting R3,500 bribe to write off resident’s debt  EWN

The two suspects are believed to be working for an independent contractor that provides disconnection services for City Power.

Former Fed Chair Yellen says excessive corporate debt could prolong a downturn  CNBC

Former Federal Reserve Chair Janet Yellen is worried about excessive leveraged lending and the high level of corporate debt across Wall Street.

Is corporate debt a major risk to the economy?  CNBC

First Trust Advisors' Brian Wesbury and Bruderman Brothers' Oliver Pursche discuss whether there is a corporate debt problem and how it could affect the U.S. ...

Tina Cantello: Man found guilty of debt collector murder  BBC News

Geoffrey Hutton stabbed Tina Cantello 30 times after she called to collect his loan repayment.

Selma debt credit rating downgraded by financial services company  WSFA

SELMA, AL (WSFA) - The City of Selma's debt credit rating has been downgraded, meaning the city faces major uncertainties in regard to adverse business, ...

Wayne Pivac: Scarlets hoping to 'repay the debt' against Ulster  BBC Sport

Scarlets head coach Wayne Pivac says he hopes to get revenge over Ulster when the sides meet again the next week.

'Chicken king' supplier Boparan in £250 million debt row  Evening Standard

Chicken supplier 2Sisters is facing renewed City pressure over plans to exclude a group of lenders from a £250 million debt repayment. The row is the latest ...

Martin Lewis: Trapped by debt? Money Saving Expert reveals top tip to solve debt problems  Express

MARTIN LEWIS, Money Saving Expert, is advising people swamped with debt how to manage their financial issues, including how to deal with debt collectors, ...

SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results  Morningstar

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for ...

GNC: The Long-Term Debt  Seeking Alpha

GNC's debt burden is substantial even after the closing of all preferred stock transactions. The company has the ability to meaningfully reduce debt over the co.

Wisconsin has one of the lowest credit card debt burdens in the country, study finds  Milwaukee Journal Sentinel

In Wisconsin, calculated an average credit card balance of $6737 that would take 10 months to pay off.

Samoa government to seize Grey family assets over debt  Radio New Zealand

The Samoan government is preparing to seize assets from the prominent Grey family to cover outstanding payments on a $US20 million loan.

Thomas Cook shares climb despite market debt worries  Financial Times

Holiday group Thomas Cook appeared on track for its first day of gains in over a week on Wednesday, despite disagreement over the extent of the tour ...

Ewert: Hope Creek 'unsustainable' without debt solution  Quad-Cities Online

ROCK ISLAND — Hope Creek Care Center is in so much debt Rock Island County officials project it cannot be sustained for any longer than one year.

What CenturyLink's Debt Means For Its Dividend  Seeking Alpha

CenturyLink will produce massive free cash flows during 2018, but investment spending will rise going forward. The dividend looks well-covered by free cash ...

Mum-of-three trapped by £8,355 high cost credit debt and poverty premium  The Sun

Lis Vernalls, 43, says she's unable to get out of debt due to the 'poverty premium', which sees the lowest paid having to stump up more for bills, credit and other ...

'My husband ran up a £58,000 debt in my name'  BBC News

When she had her first baby, just before she turned 29, Annie had been married for eight years, managed 19 staff, and earned more than her husband.

S&P, Fitch downgrade Sri Lanka’s debt rating amid political crisis  Financial Times

Sri Lanka was downgraded by two major rating agencies on Tuesday, in the latest blow to the cash-strapped country as it grapples with ongoing political turmoil.

Kier launches £264m rights issue to cut debt  Inside Housing

Social housing contractor Kier has launched a £264m rights issue in a bid to raise cash to pay off the company's growing debt pile. Linked In Twitter Facebook ...

Debt, relationship breakup and bullying top mental health concerns  The HR Director Magazine

Many mental health issues have a dynamic nature; every employee has different levels of mental health at any given time.

Bank pays off woman's $150k student loan debt  KFVS

Jasmin Ford received the surprise of her life. The single mother said she can now begin saving for her young son to go to college.

Chinese loans leave Sri Lanka with crippling debt burden  Channel 4 News

In the latest of our reports from Sri Lanka, where a constitutional crisis has pitted two rival politicians in a battle to be PM, one contender leans towards India, the ...

Here's How Much Debt Most of Us Pick Up During Christmas  Yahoo News

New reports pinpoint the price tag of holiday cheer and what you can do to avoid spending too much this year.

How to avoid running up a debt this Christmas  Falmouth Packet

Citizens Advice Cornwall has released a Christmas list of 12 tips to help people avoid pressure on their household budgets.

A-Reece: The industry is designed to lead artists into debt  TimesLIVE

Rapper A-Reece sparked a massive debate on fame and money on social media this week when he questioned why the industry was intent on keeping artists ...

Maverick Real Estate Partners closes another NYC distressed debt fund  The Real Deal Magazine

Maverick Real Estate Partners announced on Thursday that it closed another fund that targets defaulted commercial mortgages in New York City.

Political tensions spill over into global debt markets  Financial Times

Rising geopolitical tensions are increasingly playing out in the global debt markets. Russia's launch this week of the sale of a euro-denominated bond is just the ...

Balfour Beatty pays off £250m debt | News  Construction News

Balfour Beatty has paid off a £253m convertible bond in a move that sees its debts reduce by almost half (45 per cent) for the last 12 months.

Be afraid — there’s serious debt piling up around the globe again  Evening Standard

If you thought the 2008 global financial crisis was a story about excessive debt, today you might be feeling a little nervous. There's even more debt sloshing ...

Interserve shares fall as growing debt sparks fears over its finances  The Guardian

Shares in Interserve fell 7% on Friday morning after the government contractor said debts this year would be higher than previously expected, reigniting investor ...

Pupils from Maranatha Christian School pack Christmas hampers for families in debt  Swindon Advertiser

PUPILS helped to pack emergency hampers yesterday for families struggling with debt over Christmas.

UK student debt sales make little economic sense  Financial Times

A UK parliament committee's report on the privatisation of student debt last week attacked the government's “ short-sighted approach”. This may be an ...

ONLY ON 7: Ameritech Financial employee says embroiled student loan debt relief company was helping people  KGO-TV

For the first time, we are hearing from a current employee of a Sonoma County student loan debt relief company whose CEO is in hot water with the Federal ...

Macron's concessions add fuel to Italy's debt fire - AEI  American Enterprise Institute

View related *content*: International Economics. It seems that in Italy misery loves company. In the midst of their own budget travails, Luigi di Maio and Matteo ...

Aberdeen addict with drug debt fell victim to cuckooing  Aberdeen Evening Express

David Bruce was arrested after police found a quantity of heroin at his flat on March 2 this year. The 43-year-old has appeared at Aberdeen Sheriff Court and ...

Recalled California judge asks for help to pay legal debt  Fox News

A California judge who was recalled after sentencing a former Stanford student to six months in jail for sexually assaulting a young woman is asking people to ...

Megabrew’s Megadebt Is a Megaproblem  Bloomberg

AB InBev's credit-rating downgrade only highlights the pain that's to come for equity investors. Big debt-funded deals are out of the question.

Paul Ryan’s failure to address the debt will mostly become apparent once he’s gone  The Washington Post

Relative to other recent speakers, the shift in the federal debt under Ryan has been modest.

EDITORIAL: How the Liberals buried us in debt  Toronto Sun

To understand how deeply Ontario's now-defeated tax-and-spend Liberal government buried us in debt, we have to look back over their 15 years in power.