DrumBeat: December 29, 2008

Gazprom, Once Mighty, Is Reeling MOSCOW — A year ago, Gazprom, the Russian natural gas monopoly, ... Exxon Mobil and General Electric. Today, Gazprom is deep in debt and negotiating a government bailout [more...]

Date: 2008-12-29 14:06:30

Blog posts (86) | Videos (95)
 

A loophole wide enough to drive a GMC truck though

The Bush administration’s outline of its automaker bailout package lists some seemingly sensible changes in labor practices that GM and Chrysler need to make. (Ford, to its credit, is seeking private financing instead.) Targets: The terms ... of Congressional negotiations but did not come to a vote, including: Reduce debts by 2/3 via a debt [more...]

Date: 2008-12-19 16:41:00

Nortel files for bankruptcy. What does it mean to India?

Nortel has $11.6 bn assets and $11.8 bn liability. That would mean a overall liability of 200 million. They have a cash of $2.6 billion ... . During this bankruptcy protection Nortel will negotiate $4.5 billion of its debt, exit [more...]

Date: 2009-01-15 13:00:54

Today's Roundup: Layoffs Hit NPR, AMI Near Bankruptcy

Looks like the layoff wave has rolled into NPR ... missed a Dec. 1 final deadline to make a $21.2 million interest payment and is "feverishly negotiating with bondholders of $1.1 billion of its debt." continued... New Career Opportunities Daily [more...]

Date: 2008-12-10 19:55:02

Find Out More Information About IVA inside this Blog Post

The main advantage of the debt management companies is that they have the experienced in negotiations agents who are well aware of the ways that allow to make good deals with the credit lenders in order to arrange the debts of a client for less than the entire sums. This service comes usually instead of paying the money back in an entire amount. The reduction of the whole amount of debts in such a way is very good idea and it can really help you to avoid much stress. [more...]

Date: 2009-09-25 02:39:32

Creative Founder Financing

Our guest blogger, Larry Chiang, is an instructive humorist ... . The solution: be your own grim reaper and negotiate to collect on your own bad debt. Collection agencies offer 20-35c on the owed dollar. If you are collecting your own debt, ofer up 55-58c [more...]

Date: 2008-08-20 08:01:31

Credit Card Debt Consolidation In Pittsburgh

It goes w ithout saying that the negotiating alternative is meant for people that have more debt than they can handle.To get debt help today and bec 1 Vote(s) [more...]

Date: 2009-01-12 07:37:53

GMAC: Snatching Victory From the Jaws of Bailout Defeat

It is much easier to win when you let the federal government do your negotiating for you ... , as a crucial $38 billion debt-exchange offer foundered and co-owner General Motors was struggling with the specter of bankruptcy. Yet GMAC succeeded, garnering $5 billion in Troubled Asset Relief [more...]

Date: 2008-12-30 12:43:00

FACT Corp. (FCTOA.OB) Restructures Outstanding Debt

FACT Corporation operates through its wholly-owned subsidiary, Food & Culinary Technology Group Inc. The company develops and markets customized nutrition solutions for the global baked-goods industry. FACT sells specialty bake mixes to commercial producers who use these mixes to manufacture popular, health-friendly packaged baked goods. The company announced today that it has successfully negotiated a restructuring of the majority of its short-term debt with various creditors. [more...]

Date: 2009-09-16 13:59:26

After Congressional Lashing, GM Moves to Cut Costs

Running out of cash and in danger of collapse, General Motors Corp. (GM) will try to negotiate for new union work rules and seek to cut debt levels in attempt to boost ... and asking to delay a $7 billion payment to a union retiree health fund, people familiar with the plan [more...]

Date: 2008-11-24 22:04:33

Kuwait’s Investment Dar keeps lenders at bay with “standstill agreement”

Sep 27th, 2009printemailPost a comment The Investment Dar Co., a Kuwaiti financial institution that owns half of Aston Martin, has negotiated a “standstill agreement” with lenders as it works to restructure its debt, reported Bloomberg on Sunday.“The consenting banks and investors will, for the duration of the standstill agreement, suspend individual claims relating to investment arrangements,” it said in a statement.Investment Dar defaulted on a $100 million Islamic bond this April, prompting [more...]

Date: 2009-09-27 12:42:50

A Stroke of Genius By McCain?

A Stroke of Genius By McCain? That's what Dick Morris thinks of John McCain's decision to insert himself into the negotiation of a proposed ... are insisting on replacing the purchase of corporate debt with loans to companies and insurance paid [more...]

Date: 2008-09-26 18:53:48

What To Do When You re in Need of Tax Debt Relief

Tax debt relief experts are highly experienced with the IRS They know how to negotiate, and they're almost certain to be better at it and more successful than you would be on your own [more...]

Date: 2009-09-29 08:10:48

Five Ways to Consolidate Your Debts; or is There Another?

Debt consolidation is always tricky and if you don’t go by the rules, you might land up in great trouble ... the 20%-plus you’re now paying to the credit-card company. 5. Negotiate with others: This final bit ... . First of all you must remember that debt consolidators are not doing everything [more...]

Date: 2008-12-20 18:24:33

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

Working Time Directive will Endanger Lives

Editor Daily Telegraph December 2008 Sir You report that MEPs voted to abolish the UK opt-out on the Working Time Directive.  Not quite right.  We voted to keep negotiations open as being the best option available to retaining the UK’s opt ... workforce, debt and anxiety. Meanwhile, the unseemly cheering from the socialists group [more...]

Date: 2009-01-15 17:34:26

Time to Celebrate!

I don't have much time to write, but I needed to update to say -- I just got a major promotion and am extremely excited about what that means all ... , I can save quite a bit of money. I paid off my small credit card debt the other day, with my next ... I might have got it right this time. Negotiation for more money was a little awkward (when isn't [more...]

Date: 2009-01-08 09:38:32

Russia to halt delivery of natural gas to Ukraine

MOSCOW: Russia is planning to suspend delivery of natural gas to Ukraine on Thursday morning after negotiations to resolve a politically tinged ... supplies if Ukraine failed to pay off its debts. In a news conference before the talks unraveled [more...]

Date: 2009-01-01 06:33:12

Tough Negotiations With Credit Card Companies

One of our readers, Karen, recently left this comment: I opted to pull out my 401k early to pay off debt ... all that I owe in credit card debt and loans, I will be broke. I had to quit my job to pull out my 401k, so the credit card debt has gone up due to late fees and over limit fees. I want to negotiate [more...]

Date: 2009-01-02 21:20:35

Tough Negotiations With Credit Card Companies

One of our readers, Karen, recently left this comment: I opted to pull out my 401k early to pay off debt ... all that I owe in credit card debt and loans, I will be broke. I had to quit my job to pull out my 401k, so the credit card debt has gone up due to late fees and over limit fees. I want to negotiate [more...]

Date: 2009-01-02 14:39:44

Gazprom Leads Ukraine to Market

Russia’s gas monopoly Gazprom and Naftogaz Ukraine set to a new round of negotiations related to the gas supplies to Ukraine ... of success is settlement of $1.8-billion debt by Ukraine. ... . The foundation is draft agreement of the parties, while the key moment is Ukrainian transition [more...]

Date: 2008-10-03 07:19:00

Citigroup: Another Ad Hoc Bailout

It looks like we have a solution to Citi’s (C) crisis. The U.S. government agreed to bailout Citigroup, backing $306 billion of debt in exchange for preferred ... of the deal hammered out in around-the-clock negotiations this weekend are below: [more...]

Date: 2008-11-24 16:10:33

Debt management firms set for regulation?

The government is launching a consultation into debt management companies which could see the sector become regulated. Debt management firms typically offer to condense your payments to an affordable monthly amount and will negotiate with your creditors to get them to agree to lower your payments. read more [more...]

Date: 2009-09-18 11:54:54

From Russia: Press Conference by Putin on Ukraine Blackmail Over Gas!

Vladimir Putin: Russia, and the Soviet Union before, has been cooperating with Europe in the gas sphere for decades ... with Ukraine’s gas debt and has given full assistance to its partners in seeking solutions for paying off this debt. A little later I’ll tell you what additional offers we made. In the course of negotiations [more...]

Date: 2009-01-09 07:35:00

Guest Post from Lune: The Automakers Take Their Turn at the Trough

After months of negotiations, Congress appears close to a deal on the bailout of the Big Three ... as senior debt that would be first in line to be repaid should the companies still go bankrupt ... that if there were no such agreement, the auto czar would be required to demand repayment [more...]

Date: 2008-12-10 05:30:32

Behind the $cenes: MMA Biz Roundup

(Don’t expect to see these two fight for a looooooong time.) ... not to last much longer. — Suffering through a $5.3 billion debt load and a tanking economy ... space to the CageFighter brand due to their own bullying negotiation tactics. “The UFC felt [more...]

Date: 2008-10-27 07:31:54

Media Digest 1/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the world is waiting on US jobs data to measure recession ... ) debt offering brought in $750 million. The Wall Street Journal reports that Sears (SHLD) rallied ... its negotiations with GM (GM). The Wall Street Journal reports that Walgreen will eliminate 1,000 [more...]

Date: 2009-01-09 08:56:40

The Credit Crunch at Play

(graphic obtained here, by enrevanche) I’ve subscribed to The Economist for 22 years ... aspects of negotiation.  After one child went bankrupt for the second time, she received a buyout offer, a contingent debt offer in exchange for a “ [more...]

Date: 2008-12-23 06:10:59

Weekend Roundup- The Best of Think Your Way To Wealth 2008 Edition

Another one bites the dust! Another year, that is. I started Think Your Way To Wealth in February of 2008, ... to Money? Use Extreme Measures to Eliminate Your Debt or Increase Savings March 30 Ways To Stretch ... With Your Frugality April Lower Your Medical Bills Through Negotiation, Cost Comparison, and Haggling Lies We Tell [more...]

Date: 2009-01-05 04:19:16

Of Course It’s Worse Than They’re Telling Us

Anglachel Naked Capitalism got this email from a Wall St. staffer and it seems there are (not that we’re surprised) ... good during this negotiation (or really, during any showdowns with this administration) at forcing ... is to go in and buy up the distressed debt and then convert that to equity. [more...]

Date: 2008-09-23 02:17:55

Cash-strapped sell their kidneys to pay off debts

By Sarah-Kate Templeton, Times Online British victims of the credit crunch are offering to sell their kidneys for £25,000 or more to help pay debts, an investigation by The Sunday Times has revealed. At least a dozen adverts have appeared on the internet offering kidneys for sale from British “donors”. Five of the sellers corresponded with undercover journalists, who posed as friends and relatives of sick patients to negotiate sales. [more...]

Date: 2009-09-28 20:31:50

Tribune Co. Files for Bankruptcy

Well looks like it wasn't a negotiation tactic after all. The AP is reporting (and our sister-blog FishbowlLA picked up a few minutes ago) ... have coupled with a credit crisis, making it extremely difficult to support our debt. All of our major ... from the NYT's Dealbook:In a court filing, Tribune said it had nearly $13 billion in debt, compared [more...]

Date: 2008-12-08 19:08:09

Credit Card Settlement Can Trigger Tax

Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]

Date: 2008-09-07 00:48:44

If your credit card…

…balances are high, and you are considering bankruptcy, you should negotiate your credit balance with the card company. Usually they will waive some interest and fees to have a lump sum payment. You can also hire a debt consolidation company to do this for you. [more...]

Date: 2009-01-11 01:41:19

Personal Finance Troubles? Consider Debt Negotiation

by Dillon Azungen Are you drowning in debt and considering debt negotiation? ... negotiate. They would prefer to negotiate rather than turn your account over to a collection agency ... Debt negotiation has a bad connotation but does it affect your credit that badly? There are pros [more...]

Date: 2008-12-28 22:06:58

Shrink Your Debt

From Entrepreneur.com : In general, the best choices for debt negotiation and settlement are unsecured loans and credit cards. Since there is no collateral that can be attached to satisfy the debt, creditors are more likely to negotiate to avoid writing off the entire debt. The two most common approaches for debt negotiation are to pay a lump sum that is less than the total amount owed, or to restructure the payment schedule with lower monthly payments. [more...]

Date: 2009-09-14 14:00:00

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