Debt

As a first step, Italian households hold only a small amount of government debt. Only roughly €100 billion, or 5% of the entire public debt, is held directly by the government. The rationale is straightforward: Italian financial intermediaries own a substantial amount of debt (banks, insurance companies, etc.) Who does Italy owe debt to? Approximately […]

It’s not just the federal government that owns the public debt; it’s also private sector institutions like mutual funds and insurance firms as well as the Federal Reserve and the state and municipal governments. Who owns over 70% of the US debt? Despite the fact that the debt ceiling issue in Washington is a world

It’s not just the federal government that owns the public debt; it’s also private sector institutions like mutual funds and insurance firms as well as the Federal Reserve and the state and municipal governments. Who owns over 70% of the US debt? Despite the fact that the debt ceiling issue in Washington is a world

Japan and Mainland China accounted for the largest share of the 7.2 trillion held by foreign countries. China’s holdings of U.S. securities totaled 1.1 trillion dollars. Who owns over 70% of the US debt? Debt limit discussions in Washington may seem remote to Kansans, but they have a greater impact on your money than you

For example, when a person dies, their assets and belongings will be included in their estate, which reflects their whole net worth. This estate will pay back all obligations owing to creditors, including consumer debt in the form of a credit card. Do I have to pay my deceased mother’s credit card debt? In the

In the event of the death of a close family member such as a sibling or a parent, you may wonder if you are entitled to any of their debts. Most of the time, no, you don’t inherit the debt of a deceased family member. When a borrower dies, his or her debts cannot be

As a Canadian, you’re likely to leave behind some debts after you die. There is a good chance that you’ll be left with credit card debt after your death. There is a potential that even if you pay off your credit card debt every month, there may be an amount owing when you die if

As a consumer (personal) or a business, you have different rights when it comes to debt collection, depending on the type of debt. Rules for Debt Collectors – Personal Debt What can and cannot be done by Debt Collection Agencies is regulated and enforced by the Financial Conduct Authority (FCA), which deals with consumer credit

You’ve probably heard this before: someone gets into financial difficulties and has to come up with a payment plan to avoid bankruptcy. What does a country do if it finds itself in a similar predicament? Sovereign debt is the only method to raise money for many emerging economies, but things may go bad quickly. When

How and why do people fall into debt is a fascinating topic to contemplate. And what actually causes the financial difficulties that we have all had to deal with at one point or another. There is no doubt that debt may lead to devastating results; it can lead to the breakdown of a relationship, the