Scarcity of Debtor-in-Possession Financing Forcing Earlier Bankruptcy Filings

In more normal times, when a company faces the risk of bankruptcy but believes it has a viable business, ... to debtor-in-possession financing. The DIP financing is senior to all outstanding debt, and is generally ... limited non-DIP financing with this approach (particularly secured financing). But a Morgan Stanley [more...]

Date: 2008-12-13 06:17:52

Blog posts (126) | Videos (34)
 

Young people should act on debt early

Following a study suggesting that the 18-34 age group are most at risk from the credit crunch, with many carrying significant debts, ... to tackle their debts now. Especially with high-APR debts such as credit cards, it’s essential ... with their finances as the prospect of a recession looms. Furthermore, they added that debt problems [more...]

Date: 2009-01-08 19:11:08

Proud of My Six-Digit Student Loans

Rants like these about evil student loans (these examples by ToughMoneyLove) are how holier-than-thou people feel about student loans ... private schools. At one point, my loans were well over 100K. Today, I'm in my mid-twenties and debt free ... . That's the problem with one-size-fits-all personal finance. As for risk, Ramsey hates all student [more...]

Date: 2009-01-13 14:20:59

Only risk what you can.

People think entrepreneurs are risk-loving. Really what you find is successful entrepreneurs hate risk, ... I had to take on was 40k in up-front financing that was my own money. So no debt to a bank and no partners ... those resources systematically, eliminating the largest risk first, the second-largest risk [more...]

Date: 2009-01-10 18:38:00

Are You a Jerk?

What are you hiding behind, buddy? Are you a Jerk? The instant gratification, ... as we cower behind computer monitors, debt financing, and false images. Unfortunately, legions ... killed Wall Street's sacred cow money machine of gaudy risk taking, and the ongoing Bernard Madoff [more...]

Date: 2009-01-13 23:40:00

6 Powerful Easy Tips for Living Debt Free.

by Finance-Experts-Team It does not matter if you are a beginner or an expert business owner ... that almost every one likes to enjoy the benefits offered by low interest credit cards, but they never read their statements when they have to pay back the bill. Credit cards involve the risk of starting [more...]

Date: 2009-01-06 10:45:18

Lex: Citi’s changing future

So much for a fresh start, says Lex. Citigroup has sealed its retail brokerage JV with Morgan Stanley and is planning to spin off higher-risk portions of its consumer finance and investment banking businesses. The result? The bank’s share price is down more than a third in the past week, while the price of insuring its debt against [more...]

Date: 2009-01-15 05:43:42

India upholds 2009/10 debt plan overshoot risk seen

By Manoj Kumar and Rajesh Kumar Singh NEW DELHI, Sept 29 - India will stick to its borrowing target for 2009/10, finance ministry officials said on Tuesday, but analysts warned drought relief spending may strain government finances and force it to ... [more...]

Date: 2009-09-29 12:02:10

USGovt Yuan Bond Threat

By Jim Willie CB, GoldenJackass.com Subscribe: Hat Trick Letter The tables are fast turning against the deeply indebted USGovt officials. USA Inc is in deep trouble. Its productive engines in both finance and industry are either wrecked or sputtering, even as its debt burden grows exponentially. Debt default litters the landscape.  Next its sovereign bonds will be have to be sold to some extent outside the US$ Sphere, which will put at great risk its stock, namely the USDollar itself. [more...]

Date: 2009-07-30 19:24:15

Could it be that the Banks and Flaherty are both right? part 2

I enjoy decoding riddles. Canadians are telling Finance Minister Jim Flaherty that they can’t get credit ... in new bridge and term debt that Teck (TCK.B:TSX) required for its company-risking acquisition of Fording Canadian Coal Trust. Those two deals together amount to C$7 billion of new corporate debt [more...]

Date: 2009-01-09 13:30:46

Update1 Local Housing Could Get $35 Billion in Aid

There are several approaches you can take when reacting to the announcement that Washington has proposed kicking in $35 billion to support local housing. While some lawmakers — most notably Barney Frank in recent months — have advocated for additional home-ownership programs (some which cater to low-income and under-qualified borrowers), other lawmakers, like Rep. Scott Garrett (R., N.J.), feel that instead of becoming more involved in housing, the government should be withdrawing itself. [more...]

Date: 2009-09-29 18:21:33

Ethics

Buy now, or never, Part Trois. My last post savaged Coldwell Banker as being media manipulators and inhabitants of an ethical swamp. The Re/Max lifeform swims there as well, confirmed by this week’s press release predicting ‘significant gains’ for the Canadian housing market. Sadly, folks in the real estate business have a knack for ensuring booms become busts, when everyone (them included) would benefit from a balanced market. [more...]

Date: 2009-09-25 00:41:28

Communique Issued and Obama Speaking Now

You can watch him live here: The text of the communique is below. Leaders’ Statement: The Pittsburgh Summit September 24 – 25, 2009 PREAMBLE 1. We meet in the midst of a critical transition from crisis to recovery to turn the page on an era of irresponsibility and to adopt a set of policies, regulations and reforms to meet the needs of the 21st century global economy. 2. When we last gathered in April, we confronted the greatest challenge to the world economy in our generation. [more...]

Date: 2009-09-25 21:36:12

Credit Cards After Bankruptcy: Is It Feasible?

Getting any kind of finance after going through a bankruptcy process is not an easy task. When it comes to credit cards, given that they constitute an open line of credit, there are even less chances of getting approved since the lender has little control on the repayment process and thus, the risk is greater. Yet, it is possible to obtain a credit card after bankruptcy under certain circumstances. One of the things that need to be made clear is how long after bankruptcy you are applying. [more...]

Date: 2009-09-26 20:20:28

BRE Appoints VP, Treasurer – Analyst Blog

BRE Properties ( BRE ), a leading real estate investment trust (REIT), has recently appointed Stephanie T. Andre as Vice President, Treasurer with immediate effect. The appointment is recognition of the increasing significance of the treasury function in the company, particularly in areas such as capital financing and financial risk management. Andre would be responsible for maintaining optimal liquidity along with budgeting and long-term forecasting. [more...]

Date: 2009-09-29 14:15:06

Koenigsegg Still Aims to Do Saab Deal By October

Koenigsegg’s chief executive said Saturday the Swedish luxury sports car maker still aimed to finalize a deal to buy Saab Automobile from General Motors by the end of October, Reuters reported.Koenigsegg Chief Executive and part owner Christian von Koenigsegg also told Reuters that there was good progress in talks to secure Swedish state guarantees for billions of crowns of loans from the European Investment Bank.“Our deadline for the deal still remains the end of October as we have previously [more...]

Date: 2009-09-28 09:06:36

Lenders hold the keys to housing recovery

Christian L. Redfearn is an associate professor of policy, planning and development at USC and a faculty member at the Lusk Center for Real Estate. He is currently involved in both domestic and international research projects, including Swedish housing markets, residential real estate markets in Singapore, and Los Angeles Basin Real Estate Submarket Dynamics. Insider Q&A spoke with Prof. Redfearn recently about which economic factors are keeping the market bottom at bay. [more...]

Date: 2009-09-26 09:00:20

All the latest stats on the global crisis and its development impact

In time for the G20 summit later this week, my indefatigable colleague Richard King has revised and updated his invaluable synthesis of the key data on the global economic crisis and its development impact. Here goes: Unemployment ( ILO )  Gender impact of the economic crisis in terms of unemployment rates is expected to be more detrimental for females than for males in most regions of the world and most clearly in Latin America and the Caribbean (only regions where expected to be less [more...]

Date: 2009-09-24 09:00:00

Tips on Getting the Best Bad Credit Loan

Copyright (c) 2009 Liz Roberts Usually, people with bad credit history will apply for sub-prime loans. Bad credit loans has higher interest rates and fees because people that apply to this kind of loans are seen as high risk borrowers. if you are one of them, what can you do? Can you still get a loan that has a reasonable rate despite of your credit score. Loans for Bad Credit – Choosing the Best Different lending companies offer varying loans especially for the bad credit market. [more...]

Date: 2009-09-26 05:46:14

Kunekt Completes Financing

Kunekt Completes Financing CARSON CITY, NV, Sept. 24 /PRNewswire-FirstCall/ — Kunekt Corporation (OTCBB: KNKT) announced today that it completed a $450,000 debt financing provided by the president and chief executive officer of the Company. The Company plans to use the proceeds for general working capital purposes. The promissory note carries interest at the Fed (U.S.) prime rate, which is currently 3.25%, and is secured by the Company’s assets and payable on demand. [more...]

Date: 2009-09-24 22:22:47

Putting Out Fires During Noah’s Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... sure that a policy of cheap money does not lead to a new growth bubble founded on credit ... by debt,” Apart from the point Krugman wants to implicitly make about interest rates, the point [more...]

Date: 2009-01-09 08:21:49

Spengler Misses the Point

“Spengler” is sometimes brilliant but sometimes he is way off the mark. His December 25 column strikes me as an instance of the latter ... is to return to Lever-Lever Land, that is, to debt-financed consumption. It won’t work. Leverage ... their own sales pitch. This analysis is too deterministic, as though an aging US population made [more...]

Date: 2009-01-03 02:35:12

Loan Plans for Small Businesses

The government have revealed plans to guarantee small businesses £20billion of loans. In return for a fee, the state will insure banks against companies defaulting on loan repayments. However there are concerns that £20billion won’t be enough for all businesses to share. Prime Minister Gordon Brown has described the measures as “real help now to deal with specific problems”. [more...]

Date: 2009-09-25 07:30:25

Reinventing America

America faces serious challenges to maintain its storied status quo. Hurdles include a sinking economy, wars in Iraq and Afghanistan, the rising cost of education, global warming, a crumbling infrastructure and American workers with uncertain futures. Trendwatchers are more acutely aware of these issues than most, but they’re also more hopeful [more...]

Date: 2009-01-13 09:40:59

Venture Capital Firms

by Marvin Brown If you?ve decided to put up your own business but do not know where to get the finances you need to get it off the ground, there are venture capital firms that may help you. Venture capital firms are not much consistent but there are significant attributes regarding this arrangement. Venture capital firms are companies which invest in high risk values in exchange to a relatively high rate of return of investment. [more...]

Date: 2009-09-28 14:18:09

New Year?s Resolutions for the Credit Crisis

“Finish each day and be done with it,” said Ralph Waldo Emerson. “You have done what you could. Some blunders and absurdities have crept in ... institutions on mergers and acquisitions. The credit crisis exposed a major fault in short-term– ... when they couldn’t get any more credit lines. In November, banks afraid of a repeat performance of those [more...]

Date: 2008-12-31 10:02:00

The Weimar Hyperinflation? Could it Happen Again?

Some worried commentators are predicting a massive hyperinflation of the sort suffered by Weimar Germany in 1923, when a wheelbarrow full of paper money could barely buy a loaf of bread. An April 29 editorial in the San Francisco Examiner warned: “With an unprecedented deficit that’s approaching $2 trillion, budget proposal is a surefire prescription for hyperinflation. [more...]

Date: 2009-09-26 11:49:27

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

By Edward Hugh: Barcelona Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in ... on consumer spending financed by debt," Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany [more...]

Date: 2009-01-09 08:37:43

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 08:36:00

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 07:57:00

What are Venture Capital Firms

September 24, 2009 | By Marvin Brown In Finance | by Marvin BrownIf you?ve decided to put up your own business but do not know where to get the finances you need to get it off the ground, there are venture capital firms that may help you. Venture capital firms are not much consistent but there are significant attributes regarding this arrangement.The venture capital firm is a high risk investment since it also expects a high rate of return. [more...]

Date: 2009-09-24 09:46:02

How to keep on financing wind farms when banks have no money left.

My earlier wind diaries can all be found here: Wind power series Banks are engaged in a massive deleveraging exercise right now. One part of that has been much described and commented upon: the elimination of bad assets ... user of debt finance to get investments done. This means that it is an industry particularly [more...]

Date: 2008-12-23 17:13:33

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Stores With Layaway Option Seeing Increased Interest

I know it is en vogue to bring back things from the past, but this is a trend I thought had gone forever:  layaway.  With tightening credit policies, and maxed out consumer debt, it seems layaway is making a comeback.  Personally, I am not a big fan of layaway, ranking it somewhere between using a credit card [more...]

Date: 2008-12-15 19:00:32

Economic Potpourri December 13, 2008

Once again news is flying out of every corner at record speeds. Here are a few headline news reports of interest from the past couple days.Mazama Capital assets fall 75%, but optimism holds steadyIn a year of devastating investment losses, it may comfort amateur stock pickers to know that even the pros are suffering [more...]

Date: 2008-12-13 22:34:00

A commercial real estate bailout?

It is possible (subscription required). I am not happy about this but the tone of this piece will be more analytical than editorial ... this year for two reasons. First, rising default rates on commercial mortgage-backed securities due ... commonplace between 2004 and 2007. The second and more significant reason is that outstanding mortgage [more...]

Date: 2009-01-13 15:26:00

Despite Reports, Nortel Operates as Usual

Reports are circulating that Nortel has declared bankruptcy and pieces will be sold off to foreign firms. Company sources say this is untrue ... from encouraging companies and individuals to take on as much debt as they can to abruptly stopping all financing and debt renegotiation. During the dotcom/telecom bubble, VCs poured money into companies [more...]

Date: 2009-01-14 22:14:40

Research Update: Cadbury Too Rich for Kraft?

The potential Kraft-Cadbury merger story just got more interesting with the escape of off-the-record comments allegedly made by Cadbury (CBRY) chief Todd Stitzer at the Bank of America-Merrill Lynch Global Consumer and Retail Conference. Reuters obtained a note published by sales specialist Simon Archer based on Stitzer’s remarks. [more...]

Date: 2009-09-23 16:39:48

The Curious Case of Ecuador’s Default – And Why It Matters

Thomas Trebat | RGE Monitor, Jan 8, 2009 One of the questions concerning Latin America in 2009 is whether or not the region will be plunged into yet another dismal round of debt defaults as commodity prices stay low and foreign capital ... birth to the term “serial defaulter”, Ecuador’s mid-December decision to default on its bonded debt [more...]

Date: 2009-01-10 04:53:00

Expat Living - The Credit Crunch In Spain

Ten years after it was launched, the euro is propelling Spain towards disaster. In giving up control of domestic interest rates to the European Central Bank, handed over a vital instrument of macroeconomic management. If you read the Jeff Randall article in the Telegraph recently you would think that the end is nigh, [more...]

Date: 2009-01-14 17:40:39

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

Nortel Files for Chapter 11 Bankruptcy

In the about us page on Nortel’s website, they proudly state “Hundreds of millions of people, Fortune 500 companies, ... under the Companies’ Creditors Arrangement Act (”CCAA”) in Canada. As well, certain of the Company’ ... and debt burden, to effectively restructure its operations and to narrow its strategic focus [more...]

Date: 2009-01-14 16:02:05

Dubai freezes salaries, boosts spending 42%

Order my book online from this link The new Dubai Government budget is freezing salaries and hiking public spending by 42 per cent to $10 ... undermining local competitive advantages in tourism and real estate. $80bn debt However ... by reckless financing. Realty reality More end-user finance for property is definitely going to be needed [more...]

Date: 2009-01-11 04:51:43

New York Times starts catching up to iSteve

From the Sunday, 12/21/08 New York Times:White House Philosophy Stoked Mortgage Bonfire By JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON “We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct [more...]

Date: 2008-12-21 04:53:00

Battle of the Titans

For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... as they BELIEVE they have the ability to print money and create credit out of thin air endlessly. In reality ... to print wealth through monetary and asset inflation for decades. The first law the G7 is [more...]

Date: 2009-01-15 00:00:37

Why We All Need To Keep A Watchful Eye On What Is Happening In Greece

In view of Greece’s EMU membership, the availability of external financing is not a concern, but the correction of cumulating indebtedness could weigh appreciably on growth going forward. While the risk of transmitting vulnerabilities to the euro area is very small reflecting Greece’s small relative size, [more...]

Date: 2008-12-14 15:01:19

Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas ... and corporate debt deplete capital. The industry, which puts about 10 percent of its invested assets ... have not seen a mainstream media discussion of one of the big problems facing life insurers [more...]

Date: 2008-12-26 11:26:00

DrumBeat: December 18, 2008

Oil drops 9 pct as demand outlook overshadows OPEC NEW YORK (Reuters) - U.S. crude prices dropped more than 9 percent to $36 a barrel Thursday as slumping demand and swelling U.S. inventories offset OPEC's record supply cut agreement. The Organization of the Petroleum Exporting Countries on Wednesday agreed to cut output by 2 [more...]

Date: 2008-12-18 13:42:11

DrumBeat: December 23, 2008

Steve LeVine - Blunder: A New Age for Russia In August, Putin’s Russia seemed unstoppable, specifically after its five-day war with Georgia punctured the appearance of a new era of U.S. power in the former Soviet Caucasus and Central Asia. Georgia seemed the crowning achievement of a several-year-campaign of projecting Russian power over its [more...]

Date: 2008-12-23 14:14:56

Will All Be Well, And End Well, In Estonia?

by Edward Hugh: Barcelona Well, there doesn't seem to much room for doubt at this point does there, the Baltic Economies are in the van of the European economic slowdown for 2009, just as they were leading the charge up in 2007, and all that debate about whether we were going to get a hard landing or a soft one seems now so out of date and and [more...]

Date: 2009-01-13 16:04:03

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