Monthly Archives: August 2015

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Personal finance: How to decide who can help your debt crisis
Remember, if you are a debtor owing money for general debts like loans or credit cards and in some cases normal credit facilities, then you still have rights to verify information before dealing with anyone. So never relinquish that right or power …
Read more on Emirates 24/7

Taking Aim at Student Debt
When the class of 2015 graduated in May, they took more than a diploma and happy memories away from campus. They also left with an average student debt of $ 35,000 for a bachelor's degree—earning the distinction of being the most indebted graduating …
Read more on TIME

Germany just did something huge for Syrian refugees — and for the future of
Migration has become a crisis so great for Europe that, earlier this month, Merkel called it an even bigger challenge for the EU than the Greek debt crisis. She is now leading by example, showing Europe what it must do to overcome that crisis. … This …
Read more on Vox

The 5 Cities Where It's Hardest to Pay Off Credit Card Debt
Unfortunately, credit card debt is becoming the new normal in America. Among American households with at least some amount of credit card debt, the average balance is more than $ 15,000. Previously, we've looked at the 10 states carrying the most credit …
Read more on The Cheat Sheet

What growing credit card debt means for the Greater Washington economy
"Every major market has seen increases in credit card debt, even those cities where the housing market issues are not completely resolved," Assad Lazarus, interim unit leader of Equifax Personal Information Solutions, said in a statement. "This shows …
Read more on Washington Business Journal (blog)

Credit card debt rising here, elsewhere
Total credit card debt in the U.S. rose to $ 634 billion at the end of June, compared with $ 604 billion a year earlier. New York, Los Angeles, Chicago and Washington ranked as the top four metros. Las Vegas, Sacramento and Orlando were the bottom three.
Read more on Phoenix Business Journal

PV cell maker Solland Solar goes bankrupt soon after Trina deal
August 26 (SeeNews) – Dutch photovoltaic (PV) cell maker Solland Solar was declared bankrupt on Tuesday by the Limburg court, as the Pufin Group subsidiary has been unable to meet financial obligations. About a month ago, Pufin Power BV said it would …
Read more on SeeNews Renewables

Digging into big coal's climate connections
Chris Horner is a go-to guy for a number of coal companies. According to the Intercept, earlier this summer, the Coal and Investment Leadership Forum sent an email to its membership list referring to a “commitment we have made to support Chris Horner's …
Read more on The Guardian

Oregon hemp farmer says startup going slow
The CD and DVD mail-order company, which once brought home as much as $ 1.4 billion a year, has gone bankrupt. The precursor to modern streaming music services, Columbia House fell to the age of iTunes, Spotify and Netflix.More >>. The CD and DVD …
Read more on WTHR

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Ruble Gains as Central Bank Pledges to Help Cover Foreign Debt
The ruble strengthened after the Bank of Russia said it would back borrowers saddled with $ 61 billion of external debt payments over the next four months and locked out of foreign markets by sanctions over Ukraine. Central bank Governor Elvira …
Read more on Bloomberg

Govt Securitises US0 Million RBZ Debt
The securitisation of part of that debt means that government has taken over assets underlying that debt, which is now secured. It can now begin repayment of the RBZ debt through issuance of debt instruments such as Treasury Bills to banks and other …
Read more on AllAfrica.com

Puerto Rico's Outlook Remains Uncertain, Fed's Dudley Says
… bills extending Chapter 9 bankruptcy protection to the commonwealth. The Republican leadership in control of both chambers of Congress didn't advance the measure. Lawmakers won't be able to act on the legislation until they return from recess on Sept.
Read more on Bloomberg

'Black Mass' Producers on Johnny Depp's Awards Plans, Tom Cruise's Power and
“Trying to apply the Moneyball approach to filmmaking is ridiculous,” says Oliver (left) of the Relativity Media bankruptcy. “It doesn't matter how …. OLIVER It didn't really have a third act, then Whitey got caught [in Santa Monica in 2011]. Then it …
Read more on Hollywood Reporter

Ford City Warns of Bankruptcy in EDA Letter
“Ford City Borough does not have the financial resources to pay $ 581,000 and doing so may very well force the borough to enter into Act 47 (considered 'financially distressed' in the eyes of the State). Having $ 336,000 to operate borough government for …
Read more on The Kittanning Paper

Dept. of Education takes aim at student debt relief scams with new video
Typically, the companies claim to offer borrowers the opportunity to get them out of default, consolidate their loans and lower their payments for a fee — services the Department offers for free. “Many of these debt relief companies are charging …
Read more on MarketWatch

Greek PM resigns, paving way for snap election
… before Tsipras accepted the bailout under threat of a financial collapse and Greek exit from the euro currency. The first instalment of aid allowed Greece to make a debt repayment to the European Central Bank that fell due on Thursday. ($ 1 = 0.8938 …
Read more on The Globe and Mail

Comptroller: Statewide foreclosures far from letting up, pending north country
Mr. DiNapoli added that the state's “complicated” judicial foreclosure process has increased the state's courts' backlog of foreclosure cases, especially in the New York City and Long Island regions, which carry the largest numbers of pending foreclosures.
Read more on WatertownDailyTimes.com

Answer Man: Keeping abandoned yards cut challenging
Russell said that unlike a few years ago, most of the properties where abandoned buildings are located are owned by banks. “Many banks would begin the foreclosure process … and essentially walk away,” he said. He said the law director's office …
Read more on Marion Star

The Chai Center/Chabad of Coral Springs now has the amenities to serve a young
Then Bronstein learned that he was the one who represented the bank in the foreclosure process. Bronstein asked him to come to his office, where he showed him renderings of Chabad's hopes for the building. When White asked the rabbi how much he …
Read more on Chabad.org

UPDATE 2-Puerto Rico says water authority not at risk; investors wary
Unlike U.S. states, Puerto Rico does not have access to U.S. bankruptcy laws, which the island called a legal "no man's land," leaving it without access to either federal bankruptcy laws or a restructuring statute of its own. The Supreme Court is not …
Read more on Reuters

Poland updates its covered bond legislation to attract foreign investors
The Amendment excludes mortgage banks from the provisions of the Restructuring Law. Instead, changes are made to the Bankruptcy Law of 28 February 2003, bankruptcy proceedings of mortgage banks. These new regulations under the Bankruptcy Law …
Read more on Lexology (registration)

Education Tech Companies Get Lots of Personal Data on Students
In doing so, though, ed tech companies are lapping up unprecedented amounts of information about students, while laws provide little protection and privacy policies vary wildly. Some companies reveal what they learn about students and who sees that …
Read more on ClaimsJournal.com

From High Taxes To National Health Care, Donald Trump Must Reckon With His
In the same interview, Trump called national health care “an entitlement to this country if we're going to have a great country.” In this prior incarnations as a politician, Trump urged a health care plan that was remarkably similar to … “We are …
Read more on Daily Caller

When a company goes bankrupt, your personal information can be sold
David Fraser, a privacy law expert at McInnes Cooper, says that when a company goes bankrupt, it is legally obligated to sell off its assets in order to pay off its creditors. Although information is not property like a desk or a chair, records are …
Read more on Toronto Star (blog)

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