- The Latest Debt News and Information
Dwight Yorke avoids bankruptcy after paying £1.5m tax debt in full  Mirror Online

Former Manchester United and Aston Villa striker Yorke, 47, did not attend the hearing in London.

The Average American Household Has $8,284 in Credit Card Debt  Fortune

The average American household is overrun with debt, including nearly $8300 in credit card debt, according to a WalletHub study.

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.

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 ...

Rhode Island school district employs debt collection agency to get $45,000 lunch money from parents  Daily Mail

Rhode Island's Cranston School District has called in experts to help recover $45859. The district's boss, Raymond Votto, said it has tried to collect money itself ...

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 ...

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, ...

'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.

Market report: UK market treads water while Interserve implodes under debt restructuring plan, 10 Dec 2018 10:23  Shares magazine

UK stocks are slightly lower in early trade with the FTSE 100 giving up 8 points or 0.1% to 6770 points while European markets drop further on growing trade ...

Brazil's Eletrobras sells unit at auction, assumes $3.3 billion debt  Reuters

Brazilian state-controlled power company Eletrobras on Monday sold its power distribution subsidiary Amazonas Energia at an auction, but said it will assume ...

Behind Puerto Rico's Debt, Corporations That Drain Profits from the Island

The Phenomenal Drain of Profits Beginning in the 1970s, Puerto Rico's economy began to suffer a drain of profits, to the point where the measure (...)

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 ...

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 ...

Debt-Service Bailout May Ease Eskom's Woes, Morgan Stanley Says  Bloomberg

Eskom Holdings SOC Ltd. may need a debt-*service* bailout to survive its liquidity crunch, Morgan Stanley said as the state power company struggles under a ...

Goldman Sells Platform for Debt Aimed at Mom and Pop to Rivals  Bloomberg

Goldman Sachs Group Inc. sold a majority stake in SIMON, its proprietary platform that distributes complex investment products, to a cohort of Wall Street rivals.

Speaker Paul Ryan retires: his legacy is debt and disappointment

That's the increase between the deficit for fiscal year 2015 and fiscal year 2018 — that is, the difference between the fiscal year before Ryan became speaker of ...

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

Survivors of the 2015 quake that killed almost 9000 people around Kathmandu now face another challenge they didn't expect.

Nykredit AM appoints liquid debt and equities selector to AIMS team  Investment Europe

Nykredit Asset Management – the Copenhagen headquartered €23bn AUM asset management arm of Danish financial group Nykredit, which claims a 41% ...

Ballooning debt harms our youth, but Trump doesn't care | TheHill  The Hill

President Trump and his advisors are misguided to downplay the debt threat.

South Africa Will Have to Assume Eskom Debt, Rothschild Says  Bloomberg

South Africa faces no choice but to assume some of the debt of its troubled power utility, Eskom Holdings SOC Ltd., said Martin Kingston, the chief executive ...

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 ...

Forget the doom and gloom - debt is here to stay  SowetanLIVE Sunday World

Make a plan and stick to it for future that is free of debt.

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.

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 ...

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.

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 ...

Bondholders oppose Mexico airport debt restructuring  Financial Times

Investors reject buyback offer as new president works to scrap $13bn building project.

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 ...

Has the Coalition Government doubled net debt?  ABC News

Shadow assistant treasurer Andrew Leigh says that the Coalition has doubled net debt since it came to office. Fact Check finds that to be correct, but with some ...

Dear Penny: My spending has put me in serious debt. Should I consolidate?  Tampa Bay Times

Dear Penny,. I've realized lately that I'm horrible with money. About two years ago, I opened a new checking account and credit card. I was making a ton of ...

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 ...

Despite the hurdle of mounting student loan debt, millennials still consider homeownership a high priority, study says  Washington Post

Millennials are prioritizing homeownership well above the goals of getting married and having children, according to a new study by Bank of America. Bank of ...

Dollar debt sales hit 2½-year low  Financial Times

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

Why Goldman Is Selling Debt Platform to Rivals  Bloomberg

Goldman Sachs Group Inc. sold a majority stake in SIMON, its proprietary platform that distributes complex investment products, to a cohort of Wall Street rivals.

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, ...

Qatar's Commercial Bank to raise up to $1 billion in debt next year -CEO  Reuters

Qatar's Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country's third-largest lender by ...

Letter: Can A’s privately fund new park, pay off debt?  The Mercury News

If the A's can deliver a new privately funded park at Howard Terminal and pay off the Coliseum debt, I say do the deal.

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.

How to Manage Student Loan Debt Without Making It Worse  NerdWallet

Forbearance allows you to temporarily halt your payments, but interest charges don't stop, meaning you can be getting deeper into debt.

How Turkey Created a Debt Crisis  Bloomberg

“Everybody has a bankruptcy story,” says Cem Sari, who's just lived through his own version, in a year that turned into a national trauma. Turkey's economy ...

Avoiding holiday debt

Overspending on the holidays has become as much of a tradition as decorating a tree.

PRESS: Interserve Shareholders Face Wipe Out From New Debt Talks - FT  Morningstar

LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the ...

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 ...

Thousands of Teachers Can Have TEACH Grant Debt Forgiven  Education Week

The U.S. Department of Education announced on Sunday that it would cancel the student debts of thousands of teachers who saw their grant aid turned into ...

This is how much credit-card debt makes you undatable, and do Americans marry for love or money?  MarketWatch

Happy Monday, MarketWatchers! Start off your week with today's top personal finance stories. How to buy gift cards for friends and family that won't go to waste.

Third of people who run up Christmas debt 'take up to seven months to clear it'  Business MattersBusiness Matters

Nearly a third of people who took out debt to pay for last Christmas took up to seven months to clear what they owed, a survey has foun..

Top silk taking on Centrelink over robo-debt recovery

Centrelink's robo-debt recovery scheme was intended to seek out and destroy debts, but instead it's thrown more than 200,000 Australians into financial turmoil.

Debt expert cautions against overspending during holiday season  BayToday

A recent survey conducted by BDO Canada Limited found that 52 per cent of Canadians are living paycheque to paycheque.

'Admitting problems helped us get debt-free'  BBC News

A quarter of those in serious financial difficulty wait more than two years to seek help, a charity says.

Park City residents carrying among the heaviest credit-card debts in America, study says  Salt Lake Tribune

One of America's richest cities — Park City, Utah — also has one of the highest levels of credit card debt, according to a new study. The median credit card debt ...

Balfour Beatty uses cash to shed debt load  Building

Balfour Beatty has paid down 45% of its gross debt in the last 12 months after using cash reserves to repay off a £253m convertible bond. The country's largest ...

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 ...

‘Bachelor’ contestant Tayshia Adams divorced and in over $115K debt  Winnipeg Sun

Could Colton Underwood be Tayshia Adams' second husband? can exclusively reveal The Bachelor contestant's shocking divorce file that ...

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 ...

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 ...

‘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.

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.

Charities welcome moves to rein in 'overzealous' council tax debt collection - Your Money  Your Money

The Government's Money Advice *Service* (MAS) has launched new guidance for local authorities on the collection of unpaid Council Tax, designed to ...

EDITORIAL: Let State honour its word, pay media debt  Daily Nation

Some observers have averred that the government wants to bring down the media.

Faraday Future CEO’s long trail of debt is finally catching up to him  The Verge

The founder of LeEco and EV startup Faraday Future has built his empire by borrowing heavily. The last year and a half has been full of signs that all that debt is ...

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

A man who stabbed a debt collector 30 times after she visited him to collect some money has been found guilty of murder. Geoffrey Hutton, 38, murdered Tina ...

Detroit addresses upcoming 'debt cliff' with bond redemption  Reuters

CHICAGO (Reuters) - Detroit's latest redemption of bonds sold in 2014 as part of its exit from bankruptcy will result in big savings in future years, city officials said ...

Debt Recovery Tribunal serves notice to Nirav Modi, family to recover PNB's Rs 7,000 cr  The News Minute

The Debt Recovery Tribunal (DRT) on Monday served notice to absconder diamantaire Nirav Modi, his family members and his companies to recover over Rs ...

Where Americans are most burdened by credit-card debt  CBS News

Alaska residents owe the most on their credit cards, but they're more likely to pay it off faster than residents of New Mexico, who carry the highest debt burden ...

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 ...

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.

Mozambique loan holders will not get future gas revenues in debt overhaul -legal counsel  Reuters

Holders of Mozambique's state-guaranteed loans ear-marked for restructuring will not receive any instruments allowing them a share in future revenues from ...

Christians Against Poverty Debt Centre faces high demand in Swindon  Swindon Advertiser

A LONG waiting list has meant the Christian Against Poverty Debt Centre has taken on a new debt coach to cope with high demand.

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.

Manchester plans 3000 new council homes following debt cap axe  Inside Housing

New plans to “significantly increase” council housebuilding in Manchester could see 3,000 new homes added to the council's stock over the next 10 years.

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 ...

£750m debt of Northumberland County Council - but a drop this year  Northumberland Gazette

Northumberland County Council's debt fell by £21.3million in the first half of this financial year, but still totals £750million – with annual interest costs of more ...

Explaining the County's Debt  Miami's Community Newspapers

Much of Miami-Dade County's projects are funded through bond issuance. Essentially the County takes on debt by pledging future money to receive present-day ...

Something Weird Is Going on With German Debt  Bloomberg

Falling yields on German government debt is the sign of a classic “risk-off” mentality. As fear grows, investors plump for safety. But where's the crisis in Europe?

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 ...

Italian companies and banks cut back bond sales  Financial Times

Italian companies and banks are on track to sell the smallest amount of debt in a year since the financial crisis, underlining how ructions in the country's ...

Rhode Island school district turns student lunch debt over to collection agency | TheHill  The Hill

A school district in Rhode Island has hired a collection agency to recover thousands of dollars in student lunch debt.

'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.

One in three parents get into debt over children's Christmas presents  The Irish News

MORE than a third of parents have got into debt to pay for their children's Christmas presents.

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 ...

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 ...

South African State Pension Fund Would Buy Eskom Debt, BT Says  Bloomberg

South Africa's state pension fund would buy Eskom Holdings SOC Ltd. bonds if the government offered them to help refinance the ailing power utility, the ...

Katie Price avoids bankruptcy as taxman accepts plan to repay debt  Evening Standard

Katie Price has avoided bankruptcy after the taxman accepted a plan for her to repay her debt. A specialist insolvency and companies court in London was told ...

American debt is set to hit $4 trillion—here's why one expert isn't worried  CNBC

Americans' debt is predicted to climb above $4 trillion by the end of the year, but LendingTree's chief economist Tendayi Kapfidze says the milestone isn't a ...

Thomas Cook plunges again as tour operator battles to calm debt fears

Thomas Cook battled to reassure the City that it is not heading for another financial crunch, as more investors bailed out and the shares were marked down by ...

Europe private debt funds break $200bn barrier  Financial News

Europe's private debt funds — which allow companies to borrow money away from the bond markets — have topped $200bn in assets, after another strong year ...

Qatar’s Commercial Bank may raise up to $1bn in debt in 2019  Business Day

Commercial Bank has about $750m in debt maturing in 2019, including bonds and loans.

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 ...

I was suicidal after getting into £35,000 of debt – it all started when a £70 overdraft appeared in my account  iNews

I noticed money I wasn't expecting to see in my bank account. It didn't make sense but there it was: £70.

Kier launches £264m rights issue to tackle mounting debt  Scottish Construction Now

Kier has launched a £264 million rights issue to help accelerate its debt reduction programme. The firm has seen its debt levels rise in the past few years, with its ...

Loan reporter - debt capital markets | Media jobs

Editorial jobs - 66 journalism, communications and media vacancies to view and apply for now.

Ukraine could ditch 2019 Eurobonds in favour of concessional funds -debt official  Reuters

Ukraine could stay out of international capital bond markets altogether in 2019 if Kiev manages to raise enough concessional financing, a senior debt official told ...

Govt studying which assets to sell in efforts to reduce national debt  New Straits Times

KUALA LUMPUR: The government is identifying which assets under the Ministry of Finance Incorporated (MoF Inc) to be sold in efforts to reduce the national ...

Debt worries force tough choices - Your Money  Your Money

Many households are so weighed down with debt, they don't believe they will ever pay it off.

Glenn Beck gives $50K to Lincoln artifacts debt  Minneapolis Star Tribune

Media personality and political commentator Glenn Beck is pitching in to keep a trove of artifacts related to Abraham Lincoln in the 16th president's hometown.

Active Liability Management Act: Not a conduit for CB to increase debt stock

By P. Samarasiri I read several official comments made by the Central Bank (CB) that it has an additional space of borrowing of Rs. 310 b under the Active ...

12 tips to avoid debt this Christmas as Cornish charity helps eight people a day  Pirate FM

A charity reveals the number of Cornish people it helped with debt problems in the months after last Christmas works out to more than eight a day. Citizens ...

Sebi may allow side pocketing in debt mutual funds

'Side pocketing' is a mechanism to separate distressed, illiquid and hard-to-value assets from other more liquid assets in a portfolio. It prevents the distressed ...