Debt Management
Debt Management News and Debt Management Information.

Pay yourself first - Marketwatch
Interest rates on debt are on the way up, particularly for unsecured debt, which means that you are getting a good return on your money by paying down the debt,” says credit expert Gerri Detweiler, author of the new book “Stop Debt Collectors:

Hong Kong investors in Lehman protest again - Associated Press
HONG KONG (AP) — Investors in Lehman Brothers in Hong Kong held their second protest in a week on Sunday, accusing local banks of misleading them about investment products backed by the failed U.S. investment bank. Holding signs that said “Return my

Bush: Bailout will stabilize economy - Ironton Online
WASHINGTON President Bush urged Congress Monday morning to pass the compromise financial system bailout bill that leading lawmakers fashioned in marathon weekend bargaining, saying it is needed to keep the crisis in our financial industry

Debt Management Help With Your Debts - Best Syndication
If you need help with your debts, you re not alone. In the second quarter of 2008 (April - June), almost 25,000 people were declared insolvent in England and Wales alone. On the plus side, this was actually a 2% decrease on the first quarter, and

Asian Stocks Decline, Yen Gains as U.S. Lawmakers Block Rescue - Bloomberg
Sept. 30 (Bloomberg) — Asian stocks dropped, extending the worst global sell-off in 21 years, after the rejection of a $700 billion rescue plan by U.S. lawmakers deepened concern more economies will fall into recession. Japan bonds and the yen rose

Russian Stocks Tumble, Led by Gazprom; Exchanges Halt Trading - Bloomberg
Sept. 30 (Bloomberg) — Russian stocks tumbled for a few seconds today before market regulators halted trading once again at local exchanges. OAO Gazprom, Russia’s biggest company, and OAO Sberbank , its largest bank, led the declines as the country

UPDATE 1-India’s ICICI Bank say capital position very strong - Forbes
MUMBAI, Sept 30 (Reuters) - India’s ICICI Bank , India’s second biggest bank, said on Tuesday that rumours being repeatedly circulated about its financial strength were baseless and malicious, saying the bank had a strong capital position. Chief

YourMoney: Why go for debt management? - New Straits Times
If your monthly take-home pay is insufficient to pay off your debts or current expenses, then it is time to enrol in a good debt management programme. MANY would agree that we brush aside or hide from any assistance offered to help clear our debts

UPDATE 1-Australia’s Centro gets loan extension, shares soar - Reuters
MELBOURNE, Sept 29 (Reuters) - Centro Properties Group Ltd (CNP.AX: Quote , Profile , Research , Stock Buzz ), one of Australia’s highest profile casualties of the global credit crisis, has won an extension on a $1.3 billion loan, sending its shares

Raiders with a Viking pedigree - Times Online
Baugur s head office in Bond Street, Central London, is dominated by a 10ft-tall statue of a Viking and for much of the past decade the company has raided the high street in a manner that would have made its ancestors proud. Little known at the

Treasuries Soar as House Rejects $700 Billion Bank-Bailout Plan - Bloomberg
Sept. 29 (Bloomberg) — Treasuries gained the most in two weeks as the House of Representatives voted down the Bush administration’s $700 billion plan to rescue banks. The decision pushed bond prices to their highs of the day, adding fuel to a market

Local Debts: Senate Committee Probes N25bn Disbursement - This Day Online
The Senate Committee on Local and Foreign Debts is probing the disbursement of N25 billion appropriated in the 2006 budget for the payment of local contractors debts. The committee is specifically tracking the money with a view to confirming

Value Investing 101 - Street.Com
“Value stocks, also known as undervalued stocks, trade at a lower price than the company’s reputation, earnings outlook, or financial situation would seem to merit.” — TheStreet.com Glossary (Related term: Undervaluation ) Two weeks ago , Bank of

UPDATE 1-Huntsman says court orders Hexion to complete merger - Reuters
Sept 30 (Reuters) - Huntsman Corp (HUN.N: Quote , Profile , Research , Stock Buzz ) said a court had ordered private equity firm Apollo Management and its unit Hexion Specialty Chemicals Inc to honor its $6.5 billion offer to buy the U.S. chemicals

Bush Administration Adds $4 Trillion To National Debt - CBS News
With no fanfare and little notice, the national debt has grown by more than $4 trillion during George W. Bush s presidency. It s the biggest increase under any president in U.S history. On the day President Bush took office, the national debt

Asbury Automotive Group Announces New Debt Facilities - Forbes
NEW YORK, Sept. 29 /PRNewswire-FirstCall/ — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it has closed on a number of new senior debt facilities, providing

Wall Street Crisis Video Gallery - CNBC
Wall St. Crisis Latest Fact Congress is preparing to vote today on a $700 billion banking system bailout, and Christopher Whalen, managing director Do you know where your federal income-tax dollars go? The National Priorities Project, a non

Citi to buy Wachovia assets - Reuters
NEW YORK (Reuters) - Citigroup Inc will buy the banking operations of Wachovia Corp in a deal assisted by the Federal Deposit Insurance Corp, the FDIC said on Monday. Under the deal, struck in consultation with the Federal Reserve, the Treasury and

Stocks Plunge on Financial, Bailout Worries - BusinessWeek
Wachovia will remain a public company with two main operating subsidiaries: Wachovia Securities, the nation’s third largest brokerage firm, and Evergreen Asset Management, a leading provider of asset management services. Citi will pay $2.1 billion to

Treasuries Little Changed, After 5-Week Rally, as Stocks Fall - Bloomberg
Sept. 29 (Bloomberg) — Treasuries were little changed, following five straight weekly gains in two-year notes, as Asian stocks fell and Treasury Secretary Henry Paulson said the U.S. economy is in a “a very fragile situation.'’ Government

Will bailout help credit markets? - Straits Times
NEW YORK - AGREEMENT by US lawmakers to lift US$700 billion (S$998 billion) in troubled debt from the financial system will relieve markets from short-term corporate debt to muddied mortgage securities, but may keep money managers on the defensive

Geoffrey Cousins’ subdivision goes ahead - News.com.au
A TASMAN Peninsula doctor has been ordered to pay the legal costs of a millionaire businessman in a failed planning appeal. Pam Leishman-Fenerty unsuccessfully appealed against the Resource Management and Planning Appeals Tribunal’s decision to allow

Industrial Companies Can Thank Banks for Lowest Rates Since ‘04 - Bloomberg
Sept. 29 (Bloomberg) — The same credit crunch gripping banks, brokers and insurers is providing industrial companies with the lowest short-term borrowing costs in almost four years. Yields on commercial paper due in 30 days sold by manufacturers and

ASIC suspends WA AFSL - Financial Standard
The Australian Securities and Investments Commission (ASIC) suspended the licence of West Australian based Concentric Wealth Management after it found it couldn’t manage it’s own debt. In August Mervyn Kitay was appointed receiver manager of

UNDOING OF A DYNASTY After rapid rise, Sunwest Management struggles to - Register-Guard
Two Southern Oregon boys proved they were national-caliber real estate dealmakers over the past eight years, in an era of free flowing credit and nonstop construction. And, now that times have turned, Sunwest Management owners Jon Harder and Darryl

Egypt shares rise on local buying, hopes for U.S. deal - Reuters
CAIRO, Sept 28 (Reuters) - Egypt’s main stock indexes inched higher on Sunday, breaking a four session losing streak, with local institutions buying and investors optimistic over a near approval of the U.S bank bailout plan, brokers said. “Local

How to keep your debt under control - Times Online
The end of summer is always a gloomy time. But with market turmoil and earnest talk of recession, this September has been especially dismal, particularly for those already struggling with debt. The advice line of the Consumer Credit Counselling

DEBT: All borrowed out - Globe and Mail
BELLINGHAM, WASH. — The mall is almost empty. At the once-busy Bellis Fair mall in Bellingham, Wash., there are only a few customers browsing the aisles of the Target, Kohl’s and Sears stores. Outside the Bellis Fair Target store, the three members

Greece to auction 340 mln euros of T-Bills on Sept. 30 - Forbes
ATHENS (Thomson Financial) - Greece plans to auction 340 million euros of Treasury Bills (T-Bills) on Tuesday September 30, the Greek Public Debt Management Agency (PDMA) said. The PDMA said it will auction 70 million euros in 52 week T-Bills, 120

Fitch Revises Rating Outlook on Parma City School District, Ohio to - Earthtimes
–$12.4 million certificates of participation ‘A+’. Fitch has also revised the Rating Outlook for all bonds to Stable from Positive. The rating reflects the district’s strong financial management, a supportive electorate, low debt levels and limited

Buyback nets 720 guns - Buffalo News
Mayor Byron W. Brown holds a gun turned in at 1 of 7 churches that served as drop-off sites. A great-grandmother walked into the gun buyback event at True Bethel Baptist Church on Saturday with a long object wrapped in a dark trash bag and her

Get rid of Debt - Economic Times
If you are in financial hot water, don t panic. A debt counselling service can help you restructure your debt and make repayment easier. When Jasdeep, a 30-year-old teacher, opened a coaching class, little did she imagine that her enterprise would

Samurai Bond Market Shut by Lehman Roils Investors (Update1) - Bloomberg
Sept. 26 (Bloomberg) — The fastest-growing part of the global corporate debt market, samurai bonds, has come to a standstill since Lehman Brothers Holdings Inc. became the first borrower to default on the securities since Argentina in 2002. Deutsche

US judge OKs speedy discovery in Primary Fund suit - Reuters
NEW YORK, Sept 23 (Reuters) - A judge has expedited a lawsuit brought by Ameriprise Financial Services Inc (AMP.N: Quote , Profile , Research , Stock Buzz ) accusing the Reserve Primary Fund of tipping certain investors about a crisis at its money

Management plans mask soaring level of debt - Times Online
The number of people suffering from serious debt problems is much higher than official figures suggest, a survey has found. About 600,000 people have entered debt-management plans (DMPs), according to a survey by R3, the insolvency practioners’ body

Moody’s downgrades Convergys senior unsecured debt - Forbes
Moody’s Investors Service said Wednesday it downgraded business outsourcing services provider Convergys Corp.’s senior unsecured debt rating to “Baa3″ from “Baa2,” affecting about $650 million worth of debt. “Baa” ratings are considered medium-grade

eGain Announces Agreement With Promissory Note Holders - MSN MoneyCentral
eGain Communications Corporation (OTCBB: EGAN), a leading provider of customer service and contact center software, today announced that it has entered into a Conversion Agreement and Amendment to Subordinated Secured Promissory Notes with Ashutosh

Rite Aid Reports Fiscal Year 2009 Second Quarter Net Loss Per Diluted - MSN MoneyCentral
Overall same store sales increased 0.6 percent year-over-year due to solid performance in core stores. Same store sales in Brooks Eckerd stores continued to show progress, narrowing to a decline of 4.1 percent from the year-ago period versus 6.7

Investors Need to Be Selective in Commodity Investments until Economy - Forbes
BOSTON, Sept. 25 /PRNewswire-FirstCall/ — Investors will need to be highly selective in their allocations to commodities until the global economy recovers, which is expected to occur by 2010, according to a forthcoming white paper from The Boston

nTelagent s Self-Pay Management System Helps Emergency Departments - Businesswire.com
Company s Retail Application for the Healthcare Industry Improves Patient Experiences in the ED, Identifies Assistance Programs for Patients, and Allows Healthcare Providers to Reduce Bad Debt and Better Manage Point-of-Service Collections

Lehman Video Gallery - CNBC
LEH Loading () ] closed lower Wednesday after bouncing around all day, reflecting investor uncertainty after Lehman did not announce concrete asset sales. Moody’s Investors Service warned that it may downgrade the brokerage

Pramerica enters Chinese housing joint venture - Reuters
HONG KONG, Sept 25 (Reuters) - The property investment arm of U.S. life insurer Prudential Financial Inc. (PRU.N: Quote , Profile , Research , Stock Buzz ) is investing in a housing project in the Chinese city of Nanjing, according to its partner in

Debt-relief companies to make refunds to Idaho customers - Idaho Statesman
Three unlicensed companies that offer debt relief services in Idaho have agreed to make refunds to customers, state officials say. Texas-based Debt Relief USA Inc., Massachusetts-based DMB Financial, and Arizona-based Debt Settlement USA Inc. engaged

Third-party deals mortgage football’s future - Guardian Unlimited
Premier League football clubs are still using third-party arrangements to purchase players, even though the authorities cracked down on the practice following the Carlos Tevez affair, and the current method is far more damaging to clubs’ financial

Libya fund considers Telecom Italia deal - Financial Times
A Libyan sovereign wealth fund is considering buying a minority stake in Telecom Italia, Italy’s leading telecoms company. The Libyan Investment Authority is considering paying about 2bn- 3bn ($2.9bn-$4.3bn) for a stake of up to 10 per cent in

S&P cuts WaMu ratings further into junk territory - Forbes
Standard & Poor’s Ratings Services downgraded Washington Mutual Inc.’s creditworthiness further into junk territory Wednesday, noting the increased likelihood that any sale of the company would only be done in piecemeal fashion. The fate of the

Management plans mask soaring level of debt - Times Online
The number of people suffering from serious debt problems is much higher than official figures suggest, a survey has found. About 600,000 people have entered debt-management plans (DMPs), according to a survey by R3, the insolvency practioners’ body