Debt Management News Archive

15-May-2009

 

  • Lose Your Debt, Love Your Life (Forbes)
    debt may be dragging down more than your credit scores--it can wreck your health. Here's how to live better.


  • Debt management plans give options (Tulsa World)
    In 2008 the National Foundation for Credit Counseling estimated that 405,000 consumers were unable to repay their debts through NFCC-member agency "debt management plans" because their creditors were unwilling to negotiate terms to allow them to make lower monthly payments.


  • Shanks in land management disposal (ShareCast via Yahoo! UK & Ireland Finance)
    Waste management firm Shanks, which completed a refinancing in April, has taken steps to reduce its debt by selling off its 50% interest in land management company Avondale Environmental.


  • Fund Managers Say Debt Markets Still Lack Buyers (Wall Street and Technology)
    Debt fund managers see faint signs of life in the credit and mortgage markets, but a lack of trading and the disappearance of traditional buyers still weigh on prices.


  • MGM studio seeks to refinance $3.7 billion debt: source (Reuters via Yahoo! News)
    Hollywood studio Metro- Goldwyn-Mayer has hired investment bank Moelis & Co to refinance $3.7 billion debt held by about 140 creditors, a source familiar with the matter said on Thursday.


  • BlackRock High-Yield Debt Managers Resign From Firm (Update1) (Bloomberg)
    May 14 (Bloomberg) -- BlackRock Inc., the largest publicly traded U.S. asset manager, said Mark Williams and Kevin Booth , two managing directors who ran high-yield debt portfolios, resigned.


  • Chartered Semiconductor Holds Talks to Change Debt Agreements (Bloomberg)
    May 15 (Bloomberg) -- Chartered Semiconductor Manufacturing Ltd. , a unit of Singapore sovereign wealth fund Temasek Holdings Pte., is in talks with lenders to change terms of debt due after 2010 as the global recession hurts earnings.


  • A debt-management plan or bankruptcy? (ABC 15 Phoenix)
    You can weigh the options of entering into a debt management plan or filing for bankruptcy in different ways. Your concern is with credit scores, so let's start there.


  • U.S. Regulators Clash Over Holding Bank Management to Account (Bloomberg)
    May 15 (Bloomberg) -- U.S. regulators are arguing over how much influence the government should wield over bank management, pitting taxpayer protection against concern at roiling fragile financial markets.



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