Tag: bankruptcy

Main Stories

Bursaries for new students cut by up to £500

Bursaries will be reduced by as much as £500 for next year’s cohort, despite the continuing rise in student living costs such as accommodation and food. Care leavers and students with household incomes of less than £16,000 will be hit the hardest, with £500 reductions of £3,000 to£2,500 and £1,800 to £1,300 respectively. Students with household…

Finance

Beloved Toys ‘R’ Us gone bust

Toys ‘R’ Us Inc., which also owns the brand Babies ‘R’ Us, filed for bankruptcy protection earlier this week in the U.S. and Canada – in a move to help restructure its debts of $5bn (£3.7bn). Faced with a repayment of $400m next year the New Jersey-based company has since received a commitment from JP Morgan…