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Latest Distressed Debt News
BEIJING -(Dow Jones)- Great Wall Asset Management Corp. said Monday it received regulatory approval to acquire and restructure a financial leasing company whose operations were halted in 2004.
will be one of the defining images of 2007, thousands of depositors queued outside the bank's branches for days to take their money out.
In connection with these management changes, Co-President Zoe Cruz is retiring from the Firm after 25 years of service to Morgan Stanley. Mr. Mack said, ? Throughout her 25 years of distinguished service, Zoe has always demonstrated a deep commitment to Morgan Stanley.
LONDON, Nov. 26 -- HSBC Holdings, Europe's largest bank, said Monday it will bail out two troubled funds it manages by transferring about $45 billion of their assets onto its balance sheet.
NEW YORK----Morgan Stanley today announced a number of management changes, effective December 1, 2007, including appointing: Walid A. Chammah and James P. Gorman as Co-Presidents of the Firm, working closely together across all aspects of Morgan Stanley's business.
Toll Brothers has taken its hits this year like every other big builder.
SUMMIT, Ill.----Terme Bancorp, Inc. announced today that it has organized Terme Holdings, LLC, a single-member LLC owned by the Company. Through Terme Holdings, the Company also announced that it has formed and holds a 94.2% common membership interest in Terme Capital, LLC , an Illinois LLC.
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Previous Forum Posts/Comments about distressed debt
| Posted on: Dec 05, 08 01:30 am by: Jim Butler |
 | What do you all think of this?...
People used to take help from others even at times when money was unseen and barter was the mode of trade prevalent. However, the form of loans has changed over time. In those days the loans used to be offered in kind.
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| | Posted on: Dec 04, 08 12:39 pm by: Amanda Livingstone |
 | Can any of you give me some advice about this?...
And last year bankruptcy filings were at historic highs.
Most people do not realize the difference between the various types of bankruptcy and could easily find themselves paying back a large proportion of their debt anyway, forced by the courts to make those payments. Some are even mandated into credit counseling programs and forced into a lengthy repayment plan.
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| | Posted on: Dec 04, 08 06:59 am by: Mary Morrey |
 | I found this while looking on the internet...
Look for any redemption charges on your current mortgage. Ask your current lender if he is willing to provide you with better interest rates. If he is ready to provide you with better deal, stick with him.
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| | Posted on: Dec 03, 08 05:23 pm by: Kay Day |
 | Heh, look at what I found...
As a result, Congress is currently trying to pass new laws to make it much harder for consumers to take the option of bankruptcy and to force people into paying the creditors regardless of their personal situation.
Before you decide to do a bankruptcy, explore your options.
References:
Debt Reduction Alternatives
http://www.
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