Debt Management News Archive

16-Nov-2008

 

  • New Star pays extra for debt and will cut jobs (Financial Times)
    New Star Asset Management has been forced to accept a sharp increase in interest charges to renegotiate the terms of its £236m of debt as it grapples with the severity of the stock market downturn.


  • Money Faire counsels residents on debt management (Arizona Daily Star)
    When the Tucson Money Faire kicked off three years ago, the foreclosure crisis hadn't hit, many assumed home values would keep rising, and employment was strong.


  • Bad debt cripples Southwest Florida lenders (The News-Press)
    Banks based in Lee and Collier counties are saddled with $418.4 million in bad real estate debt ? up from $19.1 million two years ago.


  • Get help managing and consolidating debt (The State)
    Mounting debt can put ever-increasing pressure on a household?s finances and lead to possible long-term credit problems. Finding a solution to personal debt is not always easy. But it can be done, often through a careful debt management and consolidation program. Several Web sites provide insights on how to manage and consolidate debt: Bankrate.com ( ...


  • Week in Review (Pioneer Press)
    Ameriprise Financial (NYSE: AMP): Reserve Management Co., owner of a money market fund that wrote down $785 million in Lehman Bros. debt, told a judge that sealed audio tapes should not be used as evidence in a fraud lawsuit by Minneapolis-based Ameriprise Financial Services, because they are flawed. Transcripts make it difficult to determine who is speaking and might include confidential client ...


  • MMM Launches Commercial Real Estate Debt Management Practice; Interdisciplinary Team Assists Owners With Debt Issues (Marketwire via Yahoo! Finance)
    The credit crisis that is dramatically affecting the commercial real estate industry is the impetus for a new practice group at Morris, Manning & Martin, LLP. The Atlanta-based law firm is launching a new Commercial Real Estate debt Management Practice, offering legal support and practical business advice to real estate owners.



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