As the New Year shines a light on fresh beginnings, many South Africans are considering debt review or debt consolidation.

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

Defaulted Chinese builder Sino-Ocean Group Holding Ltd. is entering a London court Wednesday for a three-day hearing, looking ...

If you owe $10,000, for example, you can expect to pay a fee between $1,500 and $2,500 to the company for its services. 3.

Highlights,Debt restructuring allows firms to extend payment deadlines voluntarily.,Extensions provide temporary relief for financial stability.,Agreement between creditors and the firm fosters mutual ...

On January 13, 2025, the U.S. Treasury Department (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed ...

Highlights,Represents the total debt a firm owes to its creditors.,Includes short-term and long-term liabilities impacting ...

Finance Minister Nirmala Sitharaman’s commitment to strengthening the code, as emphasized in the 2023 Union Budget, offers ...

Private credit is booming. See 4 hiring trends as nonbank lending ramps up, from distressed debt to asset-backed finance.

Debt relief is not as easy as it seems. It can be expensive, drop your credit score — and it doesn't always work.

Zombie debt refers to old or expired debts you’ve either forgotten about or never knew about that debt collectors try to ...

This article delves into the factors driving debt review applications in South Africa, highlighting expert opinions on ...