Written by admin on August 27th, 2009
Reader’s Digest To File Bankruptcy
It looks like literature icon Reader’s Digest is filing for bankruptcy. Publisher, Reader’s Digest Association Inc, the publisher of the small magazine, is set to file Chapter 11 bankruptcy as part of an agreement reached with the majority of its secured lenders to cut down the debt by 75%.
Continue Reading...Written by admin on August 17th, 2009
Business Development Companies Working On Debt Restructures
It seems that two of the nation’s largest business development companies are dealing with serious debt restructuring. American Capital Limited and Allied Capital Corporation continue to work out a deal with lenders to resolve various debt defaults and covenant violations.
Continue Reading...Written by admin on August 10th, 2009
The Possibility Of Fiat’s Escape From Debt
Making headlines is the prospect that Italian automaker, Fiat—recently gaining broad attention in the U.S. for its purchase of Chrysler—will resume profitability and make its escape from deb. Market watchers are keeping an eye on how the company will progress in its quest to reduce its debt load.
Continue Reading...Written by admin on August 6th, 2009
American Airlines Has A Big Debt Sale
The world’s second largest air carrier, American Airlines, sold $276.4 million in debt backed by aircraft in order to accumulate a stockpile of cash before the slow winter travel season takes hold across the United States.
Continue Reading...Written by admin on August 3rd, 2009
Demand For Fed Money Beginning To Ebb
It seems that the demand for the Federal Reserve’s emergency short-term lending programs has begun to ebb—another sign that U.S. credit markets are on the road to recovery.
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- Predatory Lending Leads to Foreclosures Written on March 10th, 2010
- Bankruptcy Fraud On the Rise Written on March 3rd, 2010
- Consumer Loan Defaults Seem to be Slowing Written on February 24th, 2010
- Some Hope…Maybe…For Those Facing Foreclosure Written on February 19th, 2010
- Students are Lured to Colleges by No Fee Applications Written on February 15th, 2010
- Foreclosures Rise In December Disappointing Everyone Written on February 13th, 2010
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Predatory Lending Leads to Foreclosures
Written on March 10th, 2010
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction.
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Bankruptcy Fraud On the Rise
Written on March 3rd, 2010
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute anyone it suspects [...]
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Consumer Loan Defaults Seem to be Slowing
Written on February 24th, 2010
Consumer loan defaults seem to be slowing down according to the banks. Since the start of the recession there has been a mountain of defaults in both the mortgage and credit card industries. Millions of households are experiencing unemployment or reduced earnings after pay cuts and/or reduced hours. Just last week the U.S. government [...]
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Some Hope…Maybe…For Those Facing Foreclosure
Written on February 19th, 2010
There is some hope still for homeowners wondering if there will be more foreclosure statistics in 2010. The federal government is working on a plan that will hopefully make it easier for people to qualify for the Making Home Affordable program. The government is also trying to find a way to convince banks to [...]