October 18, 2006
A Pennsylvania masonry company that did $2 million worth of work for Kara Homes cannot pursue a lien to collect its debt, at least for now, a bankruptcy judge ruled today. A-1 Bracket Inc., the largest of Kara’s unsecured creditors, did work at 12 different Kara projects. It filed applications for liens on Oct. 6, one day after Kara Homes filed for protection from its creditors under a Chapter 11
Source: www.app.com
Dominion, FPL Sell Hybrid Bonds After Ruling Increases Demand
Oct. 18 (Bloomberg) — Dominion Resources Inc., Morgan Stanley and FPL Group Inc. sold bonds that have characteristics of debt and equity after regulators, who effectively shut the market earlier this year, made the securities more attractive to insurance companies.
Source: quote.bloomberg.com
Argentina’s 280-Day Debt Yields Decline on Inflation (Update1)
Oct. 18 (Bloomberg) — Argentina’s benchmark 280-day bill yields fell to 10.43 percent as a drop in inflation reduced the central bank’s need to drain cash from the financial system.
Source: www.bloomberg.com
NHS DEBT DOC HAD ‘SUICIDE’ SYRINGE
Death jab at her desk
Source: rss1.mediafed.com
Going into debt a risky proposition
Most of us are all too aware of what its like to live in financial debt, but what about ecological debt?
Source: cnews.canoe.ca
Life Style Extra - LONDON (AFX) - Debt Free Direct (DFD), the UK-based debt advice company, said in a statement today that it expects to generate and process record levels of IVA cases in the coming months. DFD, which makes its income by arranging individual voluntary Read more
October 17, 2006
The venture industry is on the rebound, and evidence of that can be found in the specialized field of venture lending. According to VentureOne, a research group owned by Dow Jones & Co., venture debt transactions, including venture leasing, totaled $1.24 billion in 2005, up considerably from 2004. Read more…
The new investment index tool provides real estate investment guidelines based on time-tested recommendations of optimum debt service spread and capitalization rate ranges Read more…
An Eurostar train emerges from the Eurotunnel, July 2006 in Coquelles, northern France. A Paris commercial court granted Eurotunnel protection from creditors, enabling the operator of the Channel Tunnel to freeze payments on its debt mountain of 9.0 billion euros (11.5 billion dollars). Read more…
Swiss reinsurer Converium Holding AG said Tuesday it will sell its troubled U.S. business to Berkshire Hathaway Inc.’s National Indemnity Co. for $95 million in cash and the transfer of $200 million in debt. Read more…
Divorcees suffer the UK’s highest debt burden, a study showed Monday. Read more…
October 16, 2006
PR Web (press release), WA - 18 hours ago… Debt advice experts The Debt Counsellors have conducted a survey of the people who have contacted them for debt help to gain an insight into the problem. …
Source: www.prweb.com
The economic “soft landing” hailed by policy makers and economists this year is an illusion and the worst is yet to come for debt-laden households, according to Rozanna Wozniak of funds manager Arcus. Read more…
Texas Regional Bancshares Inc., a bank holding company with $6.95 billion in assets, said Monday its third-quarter profit fell 17 percent, partly due to an increase in provision for bad debt. Read more…
BEIRUT, Oct 16 (Reuters) - Lebanon, still struggling to recover from a devastating war with Israel, said on Monday it would hold a long-awaited aid conference in Paris on Jan. 15. Read more…
High street banks were hopeful last night of persuading the government to crack down on “misleading” advice and advertising by debt advisory firms despite comments by a minister that appeared to block further talks. Read more…
German utility RWE announced on Monday the sale of Thames Water to a consortium led by Macquarie’s European Infrastructure Fund for 8 billion pounds, including a 3.2 billion pounds of net debt. Read more…
Natural gas producer and distributor MarkWest Energy Partners LP on Monday announced a private offering of up to $75 million in aggregate principal amount of its 8.5 percent senior notes due 2016. Read more…
October 14, 2006
Daily Telegraph - Donna Newell, of Pay Plan, a debt advice organisation, added: “If the debt is unsecured and in the deceased person’s name, and the person has no assets, the debt dies with them.” However, Sarah Miller, of Citizens Advice, said they have had cases
Source: www.telegraph.co.uk
The Debt Counsellors Annual UK Debt Survey 2006 reveals that over 70% of people seeking help for their debt problems owe over £10,000, while more than one in ten have debts of over £50,000. (PRWeb Oct 8, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/WmV0YS1aZXRhLUhhbGYtRmFsdS1JbnNlLVplcm8=
Source: www.prweb.com
Debt Management Warning From The Debt Counsellors
Summary: According to debt help experts The Debt Counsellors, debt management programmes should be approached with caution as they are sometimes counterproductive and in many cases there are more suitable alternatives. (PRWEB Sep 17, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/Q3Jhcy1JbnNlLVNpbmctSG9yci1JbnNlLVplcm8=
Source: www.prweb.com
Minister rejects banks’ bid for crackdown on debt advisers
High street banks hopeful of persuading government to crack down on ‘misleading’ advice and advertising by debt advisory firms.
Source: politics.guardian.co.uk
Debt Management Warning From The Debt Counsellors
(PRWEB) September 17, 2006 — Debt help organisation The Debt Counsellors are warning consumers that debt management programmes do not always offer an effective or suitable debt solution, as in certain cases they can make personal debt problems even worse.
Source: news.yahoo.com
Raid 401(k) to pay 2nd mortgage? No!
The interest rate may be good, but that’s about the only part of the idea that is, says the Debt Adviser.
Source: biz.yahoo.com
October 13, 2006
UK charity Citizens Advice is awarding new grants of nearly GBP300,000 for Financial Capability programs to help more consumers learn to budget, save and borrow wisely. Continue…
African countries are increasingly looking to borrow money from China because the flow of funds from the World Bank and other donors has been slow and contain too many conditions, several African finance ministers said Sunday. Continue…
Luanda, Oct 7 (Xinhua) Mittal Steel South Africa signed a contract Friday to purchase the assets of two loss-making engineering companies in Mozambique, reports reaching here said Saturday. Continue…
FLINTSHIRES pensioners are drowning in a sea of debt, with record numbers facing financial ruin. Thats the stark warning from support groups, who say the countys older generation is falling into the debt trap. Continue…
As firms offering these high-interest loans come under fire by lawmakers, financial counselors say there are better ways to borrow. When payday loan companies flooded into Virginia several years ago because of changes in state law, Langley Federal Credit Union employees began to notice longer lines on paydays. Continue…
LYON, France—-Notice is hereby given to the stockholders of Infogrames Entertainment that the Annual and Special Stockholders’ Meeting convened on first notice for September 29, 2006 will not take place because quorum requirements were not met. Continue…
UK debt help experts The Debt Counsellors believe literally millions of people who could benefit from debt advice are unaware that free, confidential debt counselling is available to them.
Source: news.yahoo.com
UK Debt Help Manual Offers Consumers a Lifeline
(PRWEB) October 9, 2006 — The UK Debt Help Manual has been produced by debt advice organisation The Debt Counsellors to guide consumers through the personal debt maelstrom.
Source: news.yahoo.com
Debt Management Warning From The Debt Counsellors
Summary: According to debt help experts The Debt Counsellors, debt management programmes should be approached with caution as they are sometimes counterproductive and in many cases there are more suitable alternatives. (PRWEB Sep 17, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/Q3Jhcy1JbnNlLVNpbmctSG9yci1JbnNlLVplcm8=
Source: www.prweb.com
Bankruptcy and Personal Debt Levels a Cause for Concern
Debt help organisation The Debt Counsellors say the latest bankruptcy figures and debt statistics show much of the personal debt in the UK is unsustainable and professional help should be sought by those affected. (PRWEB Oct 1, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/Q291cC1TcXVhLVpldGEtU3VtbS1JbnNlLVplcm8=
Source: www.prweb.com
Introducing Perooz.com — The Place for Mobile Magazines, Music, Video and More
Audentia LLC, would like to introduce Perooz.com®, an online service aimed at providing exclusive, alternative content for Portable Media Devices (PMD). Perooz.com, the companys flagship community and online channel offers a free web-based service that provides mainstream mobile magazines, music, videos and much more for users of devices such as the Sony PSP, Apple iPod, Creative Zen Vision
Source: www.prweb.com
Bankruptcy and Personal Debt Levels a Cause for Concern
A recent survey revealed that the UK is the most indebted nation in Western Europe.
Source: news.yahoo.com
October 12, 2006
Audentia LLC, would like to introduce Perooz.com®, an online service aimed at providing exclusive, alternative content for Portable Media Devices (PMD). Perooz.com, the companys flagship community and online channel offers a free web-based service that provides mainstream mobile magazines, music, videos and much more for users of devices such as the Sony PSP, Apple iPod, Creative Zen Vision Read more…
With its first class black and white photography you do not have to be a cigar lover to appreciate the new 2007 Cigar Calendar. (PRWEB Oct 2, 2006) Read more…
Hogg Robinson floated on the stock market at less than three-quarters of the expected value. Read more…
Summary: According to debt help experts The Debt Counsellors, debt management programmes should be approached with caution as they are sometimes counterproductive and in many cases there are more suitable alternatives. (PRWEB Sep 17, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/Q3Jhcy1JbnNlLVNpbmctSG9yci1JbnNlLVplcm8= Read more…
(PRWEB) September 17, 2006 — Debt help organisation The Debt Counsellors are warning consumers that debt management programmes do not always offer an effective or suitable debt solution, as in certain cases they can make personal debt problems even worse. Read more…