Money Snatchers

New rules for debt companies Ever been ripped off by a debt settlement company? Good news: The Federal Trade Commission has issued new rules that will crack down on that industry’s worst practices soon.

Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.

A CBS newsman who prosecutors said was desperate and deep in debt was charged Friday with trying to blackmail David Letterman for $2 million in a plot that forced the late night comic to acknowledge having sex with some of the women who have worked for him.

Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus real estate to settle nearly $400 million in debt.

Swedish banks are planning a write-down of 10 percent on some personal loans held by individuals in Latvia, Swedbank told the news agency TT, though the measure leaves much of the Baltic country’s debt burden untouched.

The McClatchy Co.’s offer to exchange debt for a fraction of its value met a 9 percent acceptance rate, the newspaper publisher said Friday.

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The Flathead Beacon is a weekly print newspaper and daily online news source serving Western Montana’s greater Flathead Valley. Headquartered in Kalispell, Montana.