Money Snatchers

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 …

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. …

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

The recent financial crisis in Greece has led to a lot of discussion about whether the United States might one day have a public debt so large that default becomes a real possibility. While the sort of problem Greece is experiencing is …

Debt crisis resembles 2007 subprime crisis: BISDebt crisis resembles 2007 subprime crisis: BIS

The relentless forces of debt , deleverage and default were set in motion by the financial market excesses of the last decade.

Debt-settlement companies claim they can reduce borrowers’ debts by negotiating with creditors. These companies have flourished in the downturn.

Letting U.S.