{"id":34772,"date":"2016-11-18T02:21:17","date_gmt":"2016-11-17T19:21:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-in-debt-must-be-given-room-to-breathe-letters\/"},"modified":"2016-11-18T02:34:29","modified_gmt":"2016-11-17T19:34:29","slug":"people-in-debt-must-be-given-room-to-breathe-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-in-debt-must-be-given-room-to-breathe-letters\/","title":{"rendered":"People in debt must be given room to breathe | Letters"},"content":{"rendered":"


\nMillions of children in the UK are living in families trapped by debt. As charities and organisations who work with, and directly support, households struggling with problem debt, we see the impact this can have on the wellbeing and mental health of parents and children alike.Too often people find themselves in the red because of unexpected life events like the loss of a job, an illness or the breakdown of a relationship. What they need is time and space to seek advice and get their finances back on track. Instead, they can face mounting interest, fees and charges and, in some cases, repeated phone calls and visits from intimidating bailiffs, all of which make it harder for them to pay off what they owe. While some lenders already help those in a vulnerable situation, many don\u2019t; it is too often the case that those who do not act responsibly are those who are rewarded by being paid first. We now need to ensure that all creditors, including local authorities and other public sector organisations that collect debts, follow the lead of creditors that voluntarily offer protection to those households struggling with debts. Continue reading…
\n
\nSource : theguardian.com
\nRead more…People in debt must be given room to breathe | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Millions of children in the UK are living in families trapped by debt. As charities...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34772","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-92Q","jetpack-related-posts":[{"id":113805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-evergrande-raises-more-debt\/","url_meta":{"origin":34772,"position":0},"title":"Debt-laden Evergrande raises more debt","date":"January 22, 2020","format":false,"excerpt":"\r The Chinese real estate market continues to require fresh capital.\r \r Source : ft.com\r Read more...Debt-laden Evergrande raises more debt","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-yuzhou-unveils-offshore-debt-restructuring-plan-says-has-not-defaulted-on-onshore-debt\/","url_meta":{"origin":34772,"position":1},"title":"Chinese property developer Yuzhou unveils offshore debt restructuring plan, says has not defaulted on onshore debt","date":"August 7, 2023","format":false,"excerpt":"\r Chinese developer Yuzhou Group is seeking to get approval for an offshore debt restructuring plan, which it says will allow it to to continue as a going concern and thrive moving forward\r \r Source : South China Morning Post\r Read more...Chinese property developer Yuzhou unveils offshore debt restructuring plan,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-personal-debt-agreements-add-to-concerns-about-uk-debt\/","url_meta":{"origin":34772,"position":2},"title":"Rise in personal debt agreements add to concerns about UK debt","date":"October 27, 2017","format":false,"excerpt":"\r Applications for individual voluntary arrangements (IVAs) reach highest level since introduction in 1987British households are increasingly struggling with problem debts, according to alarming official figures, in the starkest indication yet of the UK slipping into the red. Government statistics for England and Wales show applications for individual voluntary arrangements\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-debt-laden-hna-looks-to-sell-more-assets-as-pressure-to-repay-debt-weighs\/","url_meta":{"origin":34772,"position":3},"title":"China\u2019s debt-laden HNA looks to sell more assets as pressure to repay debt weighs","date":"March 19, 2018","format":false,"excerpt":"\r Embattled mainland Chinese conglomerate HNA Group is stepping up its disposals of assets with plans to sell a clutch of office buildings, hotels and other property to repay debt taken on its recent rapid overseas expansion. 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