Articles for Bad Debt

Millions of households struggle to pay energy bills despite price drop – charity
6 months ago

Millions of households struggle to pay energy bills despite price drop – charity

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As millions of people worry about keeping up with …

Pay Energy Bills Jarvis Ofgem Energy Debt Bad Debt National Debtline
Energy prices to remain ‘high and volatile’ as customer bad debt soars, MPs hear
7 months, 2 weeks ago

Energy prices to remain ‘high and volatile’ as customer bad debt soars, MPs hear

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy prices will remain “high …

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Write-Off Of A Bad Debt Can’t Be Held To Be An Asset Under Section 153A(1) Of The Income Tax Act, 1961: Bombay High Court
1 year, 4 months ago

Write-Off Of A Bad Debt Can’t Be Held To Be An Asset Under Section 153A(1) Of The Income Tax Act, 1961: Bombay High Court

Live Law  

The Bombay High Court has held that a write-off of a bad debt cannot be held to be an asset under section 153A of the Income Tax Act, 1961.The bench of Justice K. R. Shriram and Justice Firdosh P. Pooniwalla has observed that since the write-off of bad debt cannot be held to be an asset, clause of the 4th …

Court Bombay High Court Assessment Debt Income Held Officer
Independence Day 2023: How do millennials and Gen Z achieve financial independence?
1 year, 4 months ago

Independence Day 2023: How do millennials and Gen Z achieve financial independence?

Live Mint  

As a millennial or Gen Z, you have grown up in a fast-changing world with endless possibilities. The amount of money that you need to keep in your emergency fund will depend on your current financial situation, such as liabilities and work profile. If you have higher liabilities, dependent children and work in a highly volatile sector, you might have …

Investing Insurance Gen Z Independence Financial Life Money
No, all of your debt is not bad! Here’s what most of us get wrong about loans
1 year, 6 months ago

No, all of your debt is not bad! Here’s what most of us get wrong about loans

Live Mint  

"Buying on the installment plan makes the months shorter and the years longer." Good debt is debt that is used to acquire income-generating assets like a business loan, home loan, education loan, etc. Home loan: A home loan, again, is considered good debt as it is used to buy a house that would appreciate in value and help build wealth …

Personal Loans Loans Debt Loan Home Loan Good Bad
ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
1 year, 11 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

Debt Public Sector Banks Crore Sector Cent Rbi 2022
Does your immune system need a workout? The bad science behind "immunity debt," explained
2 years, 1 month ago

Does your immune system need a workout? The bad science behind "immunity debt," explained

Salon  

Viruses may seem all-powerful, given their practical invisibility and ability to take down human hosts, which are 10 million times larger than them. The underlying idea behind "immunity debt" is that the immune system is a muscle that needs working out or it will become flabby and weak. Some on social media are explaining this phenomenon — the surge in …

Social Cases Covid System Immune Let Salon
Indian neoliberalism: A toxic gift from global finance
3 years, 4 months ago

Indian neoliberalism: A toxic gift from global finance

The Hindu  

India’s tryst with neoliberalism—the economic framework that preaches market fundamentalism but uses the state to engineer a redistribution of income and assets in favour of finance capital and big business—is routinely traced to 1991. Global finance plays a role With the global financial system awash with liquidity, it began searching for new targets to lend to and invest in and …

Finance Global Growth Financial Indian Foreign Investors Debt
How to recognise the difference between good and bad debt
5 years, 1 month ago

How to recognise the difference between good and bad debt

ABC  

Between credit cards, student debt, home loans and more, there are a myriad of ways to accumulate debt. "The really simple way of looking at it is: bad debt is debt that's going to cost you money," says Brenton Tong, a Sydney-based financial planner. HELP debt questions Photo shows An illustration shows a ball with "student debt" written on it …

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Rs 60,000 Crores Have Been Realized Through Successful Resolution Plans Under IBC : Justice S K Kaul
5 years, 4 months ago

Rs 60,000 Crores Have Been Realized Through Successful Resolution Plans Under IBC : Justice S K Kaul

Live Law  

The central promise of the IBC has been to guarantee a time bound resolution of bad debt, said Justice Sanjay Kishan Kaul, judge of the Supreme Court of India, while giving a talk at the Symposium on 'Recovery and Resolution- Emerging Challenges before Recovery Tribunals & NCLTs' on Saturday at Chennai. • The continued supply of essential goods or services …

India Justice Corporate Recovery Court Chennai Insolvency
Where there is a will, there is a way out of the debt black hole
5 years, 5 months ago

Where there is a will, there is a way out of the debt black hole

Live Mint  

The tragic end of V.G. D. Muthukrishnan, a Chennai-based certified financial planner, said, “If more than 30% of your monthly income goes towards servicing your EMIs on various loans, you are close to being in a debt trap.” If that number is more than half, you are definitely in a debt trap. “Credit card should be the first to focus …

Financial Credit Loans Pay Loan Interest Credit Cards
Here’s The Real Difference Between Good Debt And Bad Debt
5 years, 9 months ago

Here’s The Real Difference Between Good Debt And Bad Debt

Huff Post  

LOADING ERROR LOADING The average total debt per household in the U.S. ― including mortgages, student loans and credit cards ― is a whopping $135,768, according to an analysis of Federal Reserve data by personal finance site Nerdwallet. “Building equity in a home is a great opportunity, but being house-poor is definitely bad debt,” Harper said. “However, a car loan …

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