Money Snatchers

The inability for the US to grow its way out of the current recession due to massive debt obligations both public and private is discussed in this essay.

On the day when the Congressional Budget Office projected that the federal debt could reach 185 percent of Gross Domestic Product by 2035, consider a bill introduced by two Arizona lawmakers, Senator John McCain and Representative Jeff …

New Zealanders’ concerns about debt are restraining the economic recovery as people focus on deleveraging rather than spending money, according to the chief executive of the country’s biggest listed company and largest building materials…

A debt collector has been chasing failed finance company boss Rod Petricevic and his wife Mary in connection with more than $2.2 million transferred to a Petricevic family from a Bridgecorp-related finance company. read more

Fears of debt default by floundering European economies pose a key risk to the banking system, the Bank of England warned today. Related Stories Proof that public image means nothing to bankers IMF: Long road back for Republic Builders urged not to waste clean soil First quarter car sales ‘buoyant’ BP shares plunge to low as oil spill cost hits £1.6bn

Well good for them! The Weinstein Company has reached a full restructuring agreement in which insurance company Ambac will pay of $115 million of their debt to Goldman Sachs and Assured Guaranty. …

Companies offering debt-ridden Americans relief from rising credit card balances are making dubious promises and driving them deeper into debt, critics say.

X-debt, a trading name of Debts Solved Limited is consistently ranking in the top 10 for approved Individual Voluntary Arrangements in the UK, according to data from The Insolvency Exchange.

EU debt markets remain under stress after reports Spain is in secret talks for a support package of up to 250bn, the largest rescue in history.

Debt relief agencies seem to be getting a bad rap from the media recently and it’s hard to know which programs can actual help consumers avoid bankruptcy. Total Debt Relief explains how to identify legitimate agencies. read more