Archive for the ‘Bankruptcy’ tag
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Bob Chapman on Radio Liberty – Part 4 – Feb 2, 2009 – Financial Economic Crisis Collapse Info
Excerpts of a radio talk show interview with economist bob chapman by Dr stan. This weeks talk about economic crisis/collapse news information. A must listen to for anyone concerned about the global economy. Shared for education under the Fair Use Act.
Once you’re bankrupt, does it stay with you for life? Are you blacklisted forevermore?
I’m in a situation at the moment where I’m on the brink of proceedings to get my house reposessed and when the time comes for the mortgage company to want their money back, I’m in no position to give it to them. So I will no doubt end up being declared bankrupt.
When this has all happened, will I have dug myself a hole for life? will I be forever credit blacklisted? Someone told me that a bankruptcy only lasts for five years, but I find this hard to believe?
Your advice is gratetfully received. And please be aware, before you start casting aspersions about my irresponsibility, that I was profusely lied to by my ex-husband for many years about our finances- (aswell as many other things!) -and whilst I have never been in a position to make repayments on the mortgage (Eg; when we took out the mortgage, it was a mutual agreement that he would be the one to make the repayments; he would be the ‘breadwinner’ and I would be the home-maker) I agreed to have my name put on the mortgage because I believed it was the right thing to do, as a vested interest/security for my son. So please don’t blame me for this situation I am in. Its not my fault I was lied to for so many years.
My parents are advising me to just let it slide, let the property be reposessed, etc. My solicitor is advising me to try and hang on to it because I have a right to it (but, even though I have a right to the property, I have no way of ever paying for it, I am disabled so my options for work are very limited.) And I just don’t know what would be the best thing to try and do.
What’s your take on this situation?
Personal Finance : How to Calculate a Home Equity Line of Credit
Calculating a home equity line of credit starts with determining the value of the property, estimating a first mortgage balance and subtracting it from the value of the house. Learn about the money that will be available for borrowing needs with help from a financial services manager in this free video on calculating home equity lines of credit. Expert: Matthew McKillen Contact: www.excelmortgage.com/ Bio: Matthew McKillen brings 21 years of industry experience in arranging loans for his …
HELP….URGENT…corporate finance problems ?
A company is considering a new investment project which has the same risk as existing businesses. The initial outlay for the project is million. the company expects that the project will generate additional earnings of million per year. The company currently has no debt. The current annual earnings available to common stock shareholders are million. The company currently has 5million shares outstanding. The required rate of return on equity is currently 12%. Traditionally, the company paid out all earnings to the shareholders as dividends and financial capital expenditures with new issues of common stock. All earnings streams are assumed to be perpetuities. There are no taxes and no bankruptcy costs.
a. Determine the value of the company if common stock is issued to finance the project.
b. if the company issues million, 7% perpetual bonds to finance the project.Determine the value of the company and the rate of return required by stockholders
DMG | David Murcia Guzman | Panama Captures Boss of Colombian Financial Scheme
BOGOTA, Nov 20 (Reuters) – Panama captured and extradited the accused boss of a Colombian financial pyramid scheme that threatens investors with millions of dollars in losses, Colombian police said on Thursday. The scheme is one of several in a growing financial scandal that has sparked riots as mostly poor investors try to recover their savings and analysts warn about the impact on Colombia’s already slowing economy. David Murcia, head of financial agency DMG, was caught in Panama as he …
24. Making It Work for Real People: The Democratization of Finance
Financial Markets (ECON 252) Professor Shiller, in his final lecture, reviews some of the most important tools for individual risk management. Significant inequality in domestic and international communities has created a need for social insurance programs, such as those created in Germany in the late 1800s. The tax system, bankruptcy laws, and government insurance programs are used to manage risk of personal wealth. However, each of these inventions must take account of psychological …
GM Says it Might Miss $1 Billion Debt Payment
example of what can happen if you take on more debt than you can handle. Unfortunately for the automaker, I dont think any amount of debt consolidation can dig this company out of the hole. GM has a billion debt payment coming up; its due June 1. Finance Chief Ray Young says GM might not be able to make the payment and is instead relying on a debt-for-equity exchange. To read the full article, please visit… personalmoneystore.com … ” billion” “auto companies” bailout bankruptcy …
Bad Credit Auto Loans Advice. Get a Fast Car Loan Online
How to get a bad credit auto loan in the USA and Canada. Car loans for bad credit from Auto Credit Express … Bad Credit Auto Loans Car Loan Financing Finance People Vehicle Dealer Used Buy Bankruptcy Money Down Zero Online Video
Financial English Vocabulary Lesson for ESL: GM Bankruptcy 1
In this Video Vocab lesson on financial English vocabulary related to bankruptcy, were going to look at General Motors impending Chapter 11 filing.
One Year Later: Lyndon LaRouche Webcast July 22, 2008
July 18 2008 (LPAC)–On July 1, Lyndon LaRouche proposed emergency action by the US Federal Reserve Bank, to prevent social chaos, in the face of looming collapses of some leading US commercial banks and other financial institutions. LaRouche presented two emergency measures, aimed as stop-gaps, to prevent chaos. First, he called for the Federal Reserve to raise interest rates to four percent, in order to assure that institutional depositors maintain their deposits in the banking system. Second, …
