Tribune's bankruptcy strategy unclear

The New York Times has posted a new staff story on the reports about Tribune's internal preparations to possibly file for bankruptcy protection ... not comment on Sunday. skip Rating agencies say Tribune’s short-term problem is not in making payments on its debt. Instead, the company is struggling to comply with a requirement that its main debt [more...]

Date: 2008-12-08 02:54:19

Blog posts (828) | Videos (778)
 

Debt Consolidation -FREEDOM FROM DEBT HAS NEVER BEEN THIS SIMPLE

Amazon.de Widgets It’s A New Approach To An Age Old Problem Fort Lauderdale, Florida –A New Horizon is a well established Credit Counseling company with over 14years experience as a 501(c) (3) non-profit organization assisting tens of thousands of individuals and families from all walks of life in regaining control of their finances. [more...]

Date: 2009-09-16 00:21:41

Denver Bankruptcy Attorneys Shed Light on Current Bankruptcy Rules

Filing for bankruptcy is not quite as easy as it used to be, if you are under the impression that you can just sign some papers and have all of your debt absolved you may be in for  a rude awakening.  The government has made it quite a bit more difficult to file for bankruptcy after it was deemed that many too many people had been taking advantage of the system to have their debt absolved. [more...]

Date: 2009-09-29 17:41:08

Flotsam and Jetsam

Flotsam and Jetsam Jennifer Rubin - 01.04.2009 - 9:28 AM Gloria Steinem comes up with a good idea (yes, she’s long overdue) ... to repay them, even as it launches perhaps the most aggressive expansion of U.S. debt in modern history ... all that debt might be a problem for the U.S. government? Some others are worried about a “time bomb” given [more...]

Date: 2009-01-04 14:28:49

Credit Card Minimum Payments, More or Less

I have been a member of the Dave Ramsey Total Money Makeover forums for over two years now, and in that time I’ve made several virtual friends, and read many inspiring stories of families who clawed their way out of debt.  I recently read a comment from a new member working their way through baby step two–the dreaded debt snowball [more...]

Date: 2008-10-07 11:00:37

Obama Want You Out of Credit Card Debt – Legally Erase 50-66% of Your Debts Now!

How would it feel to have your debt legally erased? There are little-known tactics and consumer protection laws that have enabled many Americans to erase their past due balances without having to worry about another demand letter from their creditors. [more...]

Date: 2009-09-20 06:02:31

A Look At 2009 From The Inside: Real Estate, Credit, and Debt

About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]

Date: 2009-01-02 15:47:36

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

Rio Tinto Reduces Debt – Analyst Blog

Rio Tinto PLC ( RTP ), the heavily indebted miner, has now cashed in over $7 billion in total by selling its non-core assets after its merger with Canadian aluminum group Alcan. Last week, Rio agreed to sell its Alcan composites business to Switzerland's Schweiter Technologies for $349 million. The deal is expected to close by the end of the year. The company targets to sell $15 billion in assets to lighten its debt burden it piled up from the $38 billion acquisition of Alcan in 2007. [more...]

Date: 2009-09-25 19:18:01

How close was the financial system to melting down?

I do not work for the Treasury, the Fed, or an investment house, so take this for what it's worth ... -term debt, which companies use to smooth out mismatches in their cash flows: Commercial paper: unsecured debt issued by corporations, with a duration of under 270 days, which avoids certain kinds [more...]

Date: 2008-09-22 20:19:24

Emergency Funds On Steroids

One of the most frequently asked questions in the personal finance realm is, “How much should my emergency fund be? ... goal.  For instance, when we become debt free I plan to start saving in a “Financial Independence” ... , beginner emergency fund while you are working to become debt free.  I understand the logic behind [more...]

Date: 2009-01-15 11:00:56

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

The Looming Global Debt Crisis

The answer is you attempt to fight off higher interest rates and see if you can dodge the inflation bubble that follows. The commitment for this current fiasco to save the world’s Illuminist banks has already caused an official debt responsibility for the US of more than $23 trillion or about 40% of world GDP. That is staggering and it is official. [more...]

Date: 2009-09-17 16:52:10

Some Debt Negotiation Facts to Consumers

Debt negotiation which is also known as bill settlement is a bill elimination method that you can use to solve your financial difficulties and become stress free. However, whichever other way you may decide to use, the bottom line is, put your current financial situation to an end and become a free person once and for all. [more...]

Date: 2009-09-20 06:02:42

Have You Ever Lost It All ?

We are headed for some wicked hard times.  Some of us are already feeling the sting ... my accounts and send me to debt collectors. I soon was evicted from my apartment after missing payment ... .  Some of you are just getting out of college with a monster load of debt and are going [more...]

Date: 2008-10-10 11:00:39

Use Snowball Method Spreadsheet To Pay Off Debts [Snowball Method]

Do you have so many credit cards that you could sew a pair of pants from them? Confused as how to get rid of them? ... style of repayment you want, such as snowball or highest interest first. The program then spits ... Try this handy Excel spreadsheet to generate a custom strategy for becoming debt-free. Just enter [more...]

Date: 2008-08-26 11:13:53

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

Print Media Death Watch

First we hear that the New York Times has mortgaged their brand new midtown skyscraper and may have to sell it, ... , seeking relief from $12 billion in debt that largely stems from last year's leveraged buyout of the media ... have coupled with a credit crisis, making it extremely difficult to support our debt," Zell said [more...]

Date: 2008-12-08 21:03:00

Chrysler CEO: Fuel Economy’s Up, Future is Green

Chrysler CEO Bob Nardelli sent a letter to the automaker’s employees yesterday in which he reflects on the past year, ... ;P analysts wrote, the agency considers the offer to exchange secured debt for equity or new debt ... to provide financial assistance as well to protect Canadian manufacturing. This support underscores [more...]

Date: 2008-12-23 18:00:54

MGM needs money more than fame

What's more important, fame or money? For debt-ridden MGM, the answer is money. Today, as the struggling studio opens in theaters a remake of the 1980 movie musical "Fame" — its first release in nine months and the only one for the remainder of the year — reports surfaced that MGM is begging its lenders to waive interest payments on its $3.7-billion debt until early next year. [more...]

Date: 2009-09-25 23:48:20

Pro Bono Project Helping Seniors Keep Their Homes

A pro bono project started by lawyers at Morgan Lewis & Bockius in Washington DC is helping retirees keep homes they own free and clear ... lien, which debt can quickly grow and lead to foreclosure. Here’s what happens: Let’s say they miss ... entitled to collect the outstanding debt, PLUS a surcharge of 5 percent, according to established [more...]

Date: 2008-11-16 15:00:03

Living Rich for Less by Ellie Kay Giveaway!

Who doesn't need a book like this in the troubled economic times? Here's the info ... vacations, dress her family in fine fashion; and support more than thirty non-profit organizations ... in consumer debt and seven children (and college educations) to support, to being completely debt-free [more...]

Date: 2008-12-19 16:41:02

Weekend Reading: Fantasy Baseball

About six months ago I entered into a Fantasy Baseball League with a group of personal finance bloggers ... England and in Kevin’s home town of Cincinnati, to help them raise money and awareness. American Cancer ... Do to Prepare for An Emergency Top 5 Paths to a Million Dollars Finance 101: Good Debt vs. Bad Debt [more...]

Date: 2008-10-05 14:13:20

Christopher Campbell's The Moviegoer - All I Want for Christmas

Want to buy a multiplex? In the coming weeks or months, a number of National Amusements cinemas should be up for sale ( ... that $800 million debt he was supposed to settle by December 19th, which has come and gone without ... the banks could do about the matter. After all, Redstone already defaulted on the debt [more...]

Date: 2008-12-22 14:30:53

What People Are Forgetting About Bailouts

Jerry Remmers recently had a guest post on TMV that summarized what is at stake in the Big Three Bailout ... for not increasing the amount of credit they are offering. The problem is that we have too much debt ... mindset. I detailed in three long posts why I believe the amount of debt that has accumulated [more...]

Date: 2008-11-16 18:55:18

Countervailing Powers

by hilzoy From the Washington Post: "Senate leaders won the support of Citigroup, one of the nation's largest banks, ... too. And I'm glad they won't be trying to block the sensible position that mortgage debt should be treated like any other secured debt in bankruptcy, which looks like a very good way to prevent [more...]

Date: 2009-01-09 01:20:17

AIG (AIG): Recycling Debt Without Paying Anyone Back

AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury ... has funded. Banks may still face substantial write-offs from consumer debt and their exposure to mortgage ... the value of their own loans. The only answer???more money. Cure the default by risking another one down [more...]

Date: 2008-11-26 11:01:31

Things Everyone Should Know About School Loan Consolidation

If you find that you have a lot of small loans, you might want to try to do a loan consolidation to gain financial freedom. Several people have turned to loan consolidations to help relieve the burden of debt. Of course your debt is not going to go away, but you can make your monthly payments smaller and get a smaller interest rate. [more...]

Date: 2009-09-22 18:14:37

Things Everyone Should Know About School Loan Consolidation

If you find that you have a lot of small loans, you might want to try to do a loan consolidation to gain financial freedom. Several people have turned to loan consolidations to help relieve the burden of debt. Of course your debt is not going to go away, but you can make your monthly payments smaller and get a smaller interest rate. [more...]

Date: 2009-09-25 14:24:27

Peer to Peer Lending Offers High Returns In Low Rate Environment

One of the side effects of the atrocious market we have endured in recent months is incredibly low interest rates on deposit accounts ... your $10,000 debt consolidation loan, but I can pitch in $100 along with dozens of other investors ... the current loan listings at Lending Club I see a variety of loan requests from debt consolidation [more...]

Date: 2008-12-15 11:00:20

ABA Tax Section Awards

The ABA Tax Section yesterday announced the winners of its two inaugural Public Service Tax Fellowships (blogged here): Laura Newland (J.D ... and benefits, as well as law school debt assistance, by means of charitable contributions ... residents in the area of affordable housing (tax lien foreclosure), debt forgiveness, bankruptcy matters [more...]

Date: 2008-12-16 14:01:08

Money Saving Tip: Check Your Account Statements

Photo courtesy of GoldenEel The other night on the way home I caught a bit of The Clark Howard radio show ... (probably after they sold the debt for pennies on the dollar) and contacted him to work ... to pay the debt off in full.  He faithfully sent along his payments for $500 each month, and at the end [more...]

Date: 2008-11-05 11:00:42

"How to Design a Bank Bailout that Works"

Johm Hempton disagrees with me and others that the problem in financial markets is fundamentally one of solvency, i.e. lack of adequate bank capital ... guarantee of all sorts of bank debt" is needed to get bank credit flowing again from financial wholesalers ... debt payments: The Brad DeLong question - and how to design a bailout that works, Bronte [more...]

Date: 2008-11-24 22:27:17

A 21st Century Marshall Plan

Ricardo Hausmann has a very clever idea in today’s Financial Times ... . . . . The US has become the only remaining super-borrower, able to issue thousands of billions of dollars in debt ... that have lost access because of the financial crisis, it would not increase its net debt [more...]

Date: 2008-12-15 23:49:28

Realogy Now on Endangered List

A: Realogy was taken private by Apollo Management in a $6.6Bln LBO, from NRT last year. Talk about ill timing ... of its bank loans and is trying to swap $1.1 billion of bonds for new debt at a discount. A default does ... to negotiate new debt terms with their creditors. But with so many defaults looming, experts warn [more...]

Date: 2008-11-19 14:23:28

Federal Home Loan Bank of Seattle Suspends Dividend

The FHLBs are probably about to become a huge story. From Bloomberg: Seattle FHLB Likely Short of Capital on Mortgage Debt (hat tip Brian) ... and “excess” stock repurchases, after the declining value of mortgage bonds likely led ... with the U.S. Securities and Exchange Commission today. ... The FHLB system has $1.25 trillion of debt, making [more...]

Date: 2009-01-13 16:19:46

Two Questions for SAM

Andrew Caplin et al. propose a way to stop home foreclosures:The way to do so is through the shared appreciation mortgage, or SAM ... of their mortgage debt, but at the same time, they are required to share future appreciation gains with those ... get "just compensation" for losses that resulted because Congress crammed down an equity-for-debt swap? If [more...]

Date: 2008-10-29 07:44:00

Top 3 Tips for Qualifying Your Renter / Tenant

What Make A Good Renter? Is a good renter someone with great credit, or large deposit or maybe  high income? ... really work and how much do they make. Debt to Income Ratio - While pulling credit can give ... a debt to income ratio .  This will illustrate whether they have sufficient income to cover their rent [more...]

Date: 2008-10-03 12:59:43

Growing numbers avoiding or delaying paying tax

Growing numbers of people and businesses are avoiding or delaying paying taxes as the "credit crunch" bites, ... . The auditors estimate that up to 1.5 million working adults had a personal or business tax debt in April ... , introduced risk profiles on taxpayers to target those who could be bad payers and tailored debt collection [more...]

Date: 2008-11-20 08:28:37

Anatomy of a Mall Empire

Talk about maturity mismatch, buried inside the Journal’s story about the fall of the Bucksbaum mall empire, General Growth, ... of new debt-trading markets. In the mid-1990s, lenders started slicing up commercial mortgages and selling them to multiple investors as bonds. The boom in trading made mortgage-backed debt much [more...]

Date: 2008-12-09 16:05:39

PIMCO Plays Chicken with Treasury

A friend Andrew, all around big firm Analyst, writes: “Correct me if I’m wrong, ... its GMAC debt for restructuring? Didn’t that effectively force the Fed to use clause 13(3) to save GMAC? As I understand it, a debt restructuring would have smoothed GMAC’s conversion into a bank [more...]

Date: 2008-12-26 16:14:16

Unknown Caller calling from 843-761-2577 (Moncks Corner, SC)

Deborah reported a Unknown Caller (8437612577 from Moncks Corner area, SC) . The following comments were posted: I keep getting calls from this number and when I try to call back all I get is a FAX. I have a feeling it is a debt collector harrassing me because of grown childrens debts. They do not live with me and I want this to stop. Permalink: http://www.numberinvestigator.com/phone/843-761-2577.html [more...]

Date: 2009-09-23 13:35:21

Obama Want You Out of Credit Card Debt – Legally Erase 50-66% of Your Past Due Debts!

Retirement is a thought that’s comes to our minds and gives us the assurance that there will be a phase of life when we can relax as much as we can. Retirements brings in the feeling of peace and harmony. With no hustles and bustles; retirement sounds like just a calm and relaxed time after working life long. [more...]

Date: 2009-09-21 06:01:40

12 Confessions Of A Home Mortgage Collector [Wells Fargo]

A former Wells Fargo Home Mortgage home collector has stepped forth from the shadows to tell you what's really going on ... my own copy of the Fair Debt Collection Practices Act, and even then most people in WFHM ... . Bankruptcy will not forgive a mortgage debt. 4. Fight your bankruptcy fees with a passion! WFHM [more...]

Date: 2008-09-10 16:36:38

Credit Blemished Over Imaginary Credit Card [Debt Collectors]

The NES collection agency is coming after Nancy for a debt on an account number she's never owned ... the account and sold it to a collection agency, who somehow had no problem contacting me repeatedly ... of the charge, however, was when I received a collection notice several months after [more...]

Date: 2008-10-30 19:20:44

EuroDollar Futures Selling Off

A: Taking a step back from Manhattan real estate for a moment, I want to point something out ... to accurately hedge LIBOR swaps and other market instruments such as mortgage market debt. The correlation with mortgage market debt is extremely high, higher [more...]

Date: 2009-01-14 16:02:25

Sony, Like GM, Makes Products Nobody Wants

The Financial Times’ Lex posts on why Kleenex would be a better investment than Sony right now: Sony forecast operating profits of $2 ... in restructuring costs from the elimination of 8,000 full-time workers, and the likelihood of growing debt and higher interest costs. Sony has net debt of around $5.5bn, after stripping [more...]

Date: 2009-01-13 17:47:30

Faux Marx

Faux Marx Laura of 11D says this quote is making the rounds of Wall Street ... , houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised [more...]

Date: 2009-01-14 18:43:29

Deepak Chopra: Saving the U.S. Economy Through "Trickle Up" Economics

Dear Friends, I would like to share with you the 14 Point Program that my good friend, ... proposed his bailout plan and we discussed on my Sirius Radio program. Rinaldo is moderating ... in the first place, adding new layers of federal debt on top of layers of existing private and public debt [more...]

Date: 2008-10-07 03:22:20

The Downside of a J.D.

National Law Journal:  Discovering a Law Degree's Downside:  Sending the Wrong Signal in Bad Times? ... some of the nearly $85,000 in student loan debt, Allam began to think she'd made a mistake by going the law ... in landing a job in another field may well be overblown. With student loan debt at an all-time high [more...]

Date: 2008-11-21 15:09:30

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