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 (191) | Videos (170)
 

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

Personal Update: Apartments & Transparency

Milligan is excited that we are once again packing everything we own into only what we can carry. Yesterday, the hosts we were house-sitting for returned from their own overseas trip.  So we packed up and headed for our new 1-bedroom downtown apartment that we had leased earlier last week. Other than having no power, hot water, or internet, it’s actually not too bad.  It’s fully furnished and right in the heart of Auckland (meaning it’s a short walk to everything). [more...]

Date: 2009-09-27 13:15:56

3 Things You Need To Do Before Consolidating Debt

Amazon.de Widgets Consolidating debt is a process whereby you combine all your debt into one, easy to manage, loan or payment, in order to get into the right position to start to consolidate credit debt there are some steps you must take first.Many people are facing terrible financial situations due to the global economic crisis and a great number of these people are looking at ways to ease the pressure on themselves, both mentally and financially, but how can they do this effectively?Well, up [more...]

Date: 2009-09-27 20:46:53

Can Collection Agencies Sue Me For Outstanding Debt?

Amazon.de Widgets The question that many people are asking is ‘can collection agency sue for a debt?’ With the amount of people suffering financial hardship due to the current economic crisis the number of people facing difficulties paying their bills is increasing rapidly and for the time being, at least, this trend shows no sign of reversing.Previously, lenders who had borrowers that had fallen into arrears would normally, only go as far as to post negative credit information upon the debtors [more...]

Date: 2009-09-29 11:34:48

Beating Collectors With Credit Repair

You may encounter a reasonable, mild mannered collector someday, but do not hold your breath. Collectors are trained to be emotionally effective. This means aggressive. They will keep you on the phone as long as they can in an attempt to bend your will to theirs. Their goal is to get money out of you, whatever it takes. Unfortunately, in their effort to dominate, they often step over the line of legality, and hence arises the need for credit repair techniques to neutralize their wayward conduct. [more...]

Date: 2009-09-25 15:17:42

How to Research Debt Collectors & Understand the Law

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]

Date: 2009-09-28 11:02:18

The Benefits Of An Unsecured Debt Consolidation Loan

Amazon.de Widgets Unsecured Debt Consolidation Loans will combine all your existing debt into one much more manageable, lower interest loan, without putting your home, or any other collateral at risk.An unsecured debt consolidation loan is not as easy as it once was to be approved for. You will have to have a very secure job and have an excellent credit history with very little or no black marks against it, which is extremely difficult in these times of economic turmoil.But the signs are improving [more...]

Date: 2009-09-28 11:53:40

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

New US Credit Card Legislation Has Allowed Credit Card Companies Too Much Time!

Amazon.de Widgets President Obama’s credit card legislation, although welcomed during these times of harsh economic woe, unfortunately will probably fall just short of what every American has been screaming out for, a strong leash on the credit card industry. Legislation to regulate the credit card companies from imposing financially sapping interest hikes and reducing credit lines without warning, will shortly be announced, and not a moment too soon as a battle weary American public continually [more...]

Date: 2009-09-29 12:31:20

What Are The Benefits Of Using 0% APR Credit Cards?

Amazon.de Widgets The practice of chasing 0% credit cards has been around for a while now. Let’s face it, if you could guarantee continual use of credit cards without paying interest you too would jump from one card to the next.0% credit cards are as popular today as when they first appeared a few years ago and even during these harsh economic times credit card usage and the pursuit of these deals is continually increasing with massive increases in the past 5 years alone.How much of the blame [more...]

Date: 2009-09-29 12:13:36

How to Deal With The Issue Of Credit Card Debt

Amazon.de Widgets Credit card debt has always been a problem but at no time has it been as prevalent as it is today. This article looks at the steps you can take to get back on track and gain control of your finances.It is so easy to become heavily in trouble with your credit cards. Debt takes no prisoners and the only way to deal with it is to hit it head on.It is always admirable when people decide to sort out their problems themselves but; if you are one of those people who are not very good [more...]

Date: 2009-09-28 11:12:09

The Best Ways To Consolidate Debt

Amazon.de Widgets There are a few ways to consolidate debt but as to which one is suited for any one individual depends on their personal financial situation. ‘What is the best way to consolidate my debt?’, is a question that gets asked all too often in the offices of financial institutions, and the answer will vary to reflect each individual case and financial situation.In order to find the right cure it is imperative to have all the details of the illness; so the first step you need to take is [more...]

Date: 2009-09-27 20:40:39

How Will An Unsecured Consolidation Loan Help You?

Amazon.de Widgets An unsecured consolidation loan is the ideal way to regain control of your debt, offering lower monthly repayments in an easily manageable single loan.When you are struggling with debt that has become uncontrollable either in the amounts that you have to repay each month or the spread of your repayment dates, a problem that can lead to missed payments and therefore a bad credit mark, it is time to look at consolidating them into a single loan therefore a single payment. [more...]

Date: 2009-09-27 20:07:15

Understanding Consumer Debt Consolidation

Amazon.de Widgets Living today has never been more difficult and the fine line between keeping ones head above water and drowning has never been finer so it is hardly surprising that more and more people are looking to consumer debt consolidation programs for assistance.Consumer debt consolidation programs have increased greatly in number over the past three years as the requirement for professional counseling and guidance has become more apparent now than ever before. [more...]

Date: 2009-09-28 11:48:54

Why You Should Seriously Consider Applying For A Credit Card Consolidation Loan

Amazon.de Widgets Credit card consolidation loans do exactly what their name suggests, and are becoming more and more common in the world of runaway credit card debt.If you own a lot of credit cards, then you have probably experienced times when, for one reason or another, you have struggled to make a payment, let alone make the minimum payment.Now, your reasons for this may be many; you were changing jobs so you had to wait for your probationary period to end before your first payday, or, as is [more...]

Date: 2009-09-28 11:35:42

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

Are Bad Credit Debt Consolidation Loans Difficult To Obtain?

Amazon.de Widgets Bad credit Debt Consolidation Loans are they still available? This article looks at whether or not the consolidation loan for people with bad credit is still available.Don’t take my word for it, but bad credit consolidation loans are rare…very rare, but the situation is improving slowly.It never used to be the case, but the decline of the economy over the past two years, due to the global fall out from the sub prime mortgage fiasco, has meant that lenders are reluctant to lend [more...]

Date: 2009-09-28 11:56:59

Get Your Credit Card Debt Paid Off

In an ideal world, the way to avoid debt is to never get in it. This is probably unavoidable as you are deep in debt as you read this. You may have liked the low interest rate when you first open the account. Then life happened and you had the charge everyday items on the credit card. And before long you found yourself suffocating from a massive debt load. In addition to credit card debt you may also have tons of student loan debt or medical debt. You could also have student loans from your college days. [more...]

Date: 2009-09-29 14:16:34

When Should You Use Debt Consolidation?

Amazon.de Widgets The decision to use debt consolidation should not be taken lightly.There are many steps that must be taken before a debt consolidation loan is considered and these steps include budgeting and negotiation with your creditors.Debt consolidation is considered the best and preferred solution to debt problems; the process is quite simple and involves consolidating multiple debt payments into one single payment.Debt consolidation is the best way to avoid filing for an unnecessary ba [more...]

Date: 2009-09-27 19:02:48

My Bills Are Too High, Will A Consolidation Loan Help?

Amazon.de Widgets Bill Consolidation loans; otherwise known as credit or debt consolidation loans, are loans that are currently in high demand as people look for ways to shore up their financial situations, for what looks like at least another 18 months of financial uncertainty.Quite simply, bill consolidation loans are loans that pay off lots of smaller loans and debts that usually have higher interest rates. The benefits and value of applying for bill consolidation loans are;1#. [more...]

Date: 2009-09-28 11:44:10

Will Your Credit Score Be Ruined By Credit Card Debt Consolidation Negotiators?

Amazon.de Widgets Credit card debt negotiators claim that they can help you pay less than you owe. Read the truth about credit debt negotiation scams. Protect your credit history.There are different reasons why people fall into debt. All of a sudden you may realize that you just can not make your regular payments. All of your bills and credit card statements drive you to the point of insanity and it seems that you will be unable to get out of this pit without help. [more...]

Date: 2009-09-29 11:50:50

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