Icelanders plan two week debt repayment strike starting Thursday

Stacy Summary:  I think Michael Hudson’s ideas are trickling down.  Things sound bad right now, but apparently it doesn’t get really bad til next year when full frontal assault by IMF austerity conditions.Iceland one year on:   Small island, big troubleAnger among ordinary households has led to plans for a two-week repayment strike starting on Thursday. [more...]

Date: 2009-09-29 12:48:52

Blog posts (18) | Videos (8)
 

Free Debt Reduction Tool

As much as I love Quicken, I like finding free online tools I can suggest to my personal finance counseling clients ... PowerPay. Basically it’s a no-frills debt management program that allows a person to enter their debts ... . A teaser rate with a long duration can hugely influence your best plan of attack on debt repayment [more...]

Date: 2008-10-22 15:57:51

Free Ebook: Suze Orman 2009 Action Plan

I am actually currently reading (and by reading I mean listening to an audiobook) ... of this book. I’d think the twenty something crowd would be most interested in: Credit card repayment plan Debt consolidation Expense/Income worksheet Finding ways to save Dealing with car loans First [more...]

Date: 2009-01-08 19:30:11

Spending Down by Thomas D. Begley, Jr., Esquire

  The client who engages in Medicaid planning is usually a person of modest means who has been diagnosed with an illness and therefore the option ... his assets.   Pay Off Debts   Repayment of a debt is not considered a transfer, because ... actually be written and delivered. An outstanding debt is simply a liability that does not reduce [more...]

Date: 2009-01-12 14:51:31

Cablevision Shrs Jump As Unit Plans $500M Debt Offering

Cablevision (CVC) shares rose sharply in today’s regular session after its CSC Holdings unit said it plans an offering of $500 million of senior notes to repay upcoming debt maturities. Given the tight credit markets in recent months, the fact that Cablevision believes it can complete an offering of this side was taken as a significant [more...]

Date: 2009-01-08 13:15:00

Markets Vote Against Bailout Bill; Dodd Circulating Variant, Takes Equity for Dodgy Debt (Updated)

Aha, Congress isn't being so supine after all. Christopher Dodd, who in his initial press comments seemed to be behind the Paulson bailout plan, ... take senior debt instead, placing it in the front of the line of debt holders for repayment ... in which it buys bad assets. This creates a disincentive against using the program casually as a dumping [more...]

Date: 2008-09-22 19:09:40

New Brown plan; too little, too late

Now he comes, bestriding the country as a Colossus amongst men. Prime Minister Brown has a new plan, known as plan z1.1 or something ... to get this far, several bank failures and the future enslavement to debt repayment ... that the Government will do debt for equity swaps in small businesses. This is a very bad idea. Small [more...]

Date: 2009-01-14 00:01:00

Bankruptcy Reform 2005 - AARP Wants Repeal

Bankruptcy Reform 2005 - AARP Wants Repeal Posted Thursday, January 15, 2009 by Mark Zuckerberg Neighbors shared with me an article called " ... to file Chapter 13 (debt repayment plan). In actual practice, though, most debtors (see Bankruptcy Abuse [more...]

Date: 2009-01-15 10:56:15

The Personal Finance Secrets “They” Don’t Want You to Know About

I get asked to review all sorts of crazy personal finance books, plans, programs, and schemes all the time, ... and negotiate lower rates (or in some cases a balance reduction), adopt a very strong debt repayment ... you attempt to buy your bad debt from the creditor (and then obviously dismiss it), but the legal [more...]

Date: 2008-08-30 17:00:11

Debt Negotiation Tactics 101

Debt Negotiation Tactics 101 Posted in January 15th, 2009 Category: ... Debt Relief It can be daunting negotiating with a large corporate entity to wind up your debt liabilities and go into an incremental repayment plan. One of their favorite tricks [more...]

Date: 2009-01-16 01:49:53

Thinking About 2009 Goals

Gosh. I hadn’t given much thought to my goals for 2009 till I saw NCN’s blog about his goal planning ... my goals for 2008 to focus on debt repayment. I’m still not where I really want to be so next year ... . As it is, I really want to make huge strides in my credit card debt. Ostensibly, I started [more...]

Date: 2008-12-18 17:05:53

A Formalized Chapter 13 Repayment Plan

A Washington State Chapter 13 bankruptcy is type of “payment plan” bankruptcy ... . If utilized and crafted properly, a Chapter 13 should enable you to catch up on your unsecured debt ... of our clients first attempt to negotiate an informal payment plan with credit card companies and their other [more...]

Date: 2008-12-27 15:58:40

Newegg.com Files for IPO

Online electronics retailer Newegg Inc., which only operates through the Internet, has decided to file for an initial public offering and raise $175 million. With the money from its IPO, Newegg hopes to repay its debt, expand its operations, and fund capital spending, three essential components for Newegg’s plans.   According to the California-based company, Newegg has been profitable every year since its launch in 2001 and has experienced rapid growth since then. [more...]

Date: 2009-09-29 03:03:28

Wall Street Breakfast: Must-Know News

Kuwait quits Dow deal. Kuwait has notified Dow Chemical (DOW) that it's pulling out of their planned $17.4B petrochemical joint venture ... as it faces a $400M debt repayment and a 60% drop in its stock price this year. In addition to trying to offload its 17.5% stake in the parent company of the Boston Red Sox, NYT is also looking to raise [more...]

Date: 2008-12-29 12:50:18

Conductor Kidnaps Schoolgirl, Steals Pantsu at Knifepoint

... had interests which extended beyond mere debt repayment; whatever the case, (relatively speaking) Japan’ ... It seems he was apprehended before completing his plans. The man is said to have sunk into debt [more...]

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

Chilling sign: Private publisher exit plans

The intentions of Copley Press and Advance Publications to explore the sale of two of their signature properties represents a discouraging new lack ... to pay down debt, they would seem to be in a position to wait for a more propitious time to sell ... publishers are not known to be over-burdened with debt they are struggling to repay at a time revenues [more...]

Date: 2008-08-04 05:17:00

Suzee Orman Says “Pay off Your Mortgage, Boomers” - But I’m Not Sure

Suze  Orman has a new book that she’s promoting on Oprah’s website: Suze Orman’s 2009 Action Plan ... Your Mortgage says that carrying mortgage debt into retirement can wreak “financial havoc.”  He takes the reader through three scenarios of mortgage repayment, to review the tax effects of paying off [more...]

Date: 2009-01-12 16:48:32

How To Prioritize Your Debt Repayment Plan

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can make more effective use of your debt repayment funds if you concentrate on retiring one debt at a time. This can also simplify matters and help you focus your efforts. [more...]

Date: 2009-09-24 01:03:28

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