Posted on June 11, 2011 by
The problem is that the total value of outstanding debt keeps growing and the US Congress requires periodic votes to approve this. They are usually the occasion for …
Continue ReadingPosted on March 25, 2011 by
This week, debt felled another European leader as Portugal’s prime minister resigned. But the euro currency did not tumble.
Continue ReadingPosted on March 23, 2011 by
Europe’s debt market jitters flared up again Wednesday as investors worried about the near-term fates of Portugal and Ireland, an ill omen on the eve of a summit where EU leaders plan to complete their crisis-fighting plan.
Continue ReadingPosted on March 21, 2011 by
You may still be liable for a bad debt even after it drops from your credit report.
Continue ReadingPosted on March 9, 2011 by
A national debt-relief company has agreed to pay more than $1 million to end a New York state investigation into its practices and to refund more than 5,000 New Yorkers who enrolled in its program since 2003, Attorney General Eric Schneiderman says.
Continue ReadingPosted on February 27, 2011 by
The long-slumping economy has been a boon to debt collectors, yet it’s become an even bigger windfall for the lawyers who sue them. Federal laws designed to protect consumers from abusive and unscrupulous debt collectors have become the tool for the newest form of “slip-and-fall” lawsuit.
Continue ReadingPosted on February 12, 2011 by
Hundreds of specialist debt advisers facing redundancy have won a temporary reprieve after the government found £27m.
Continue ReadingPosted on February 8, 2011 by
Italy is seeking to block rules to penalize high-debt countries that miss numerical reduction targets, countering a German-led bid for tougher measures to prevent future debt shocks.
Continue ReadingPosted on February 7, 2011 by
The distressed debt market is set to grow as writedowns in the value of EMI Group Ltd. and Yell Group Plc loans signal struggling companies can’t always rely on banks to keep them afloat.
Continue ReadingPosted on February 3, 2011 by
The statutory debt limit, or debt ceiling, was designed to control congressional spending by limiting the amount of debt the federal government could accumulate. Clearly, it has not fulfilled its legislative purpose
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