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Latest Debt Related News
A children?s charity says it wasn?t told of mortgage debt risks.
Q: I earn a high salary but have amassed credit-card debt. What advice do you have for reducing my debt, which feels too high now? Also, how much debt is safe for me to carry?
NEW YORK (Thomson Financial) - Ascendia Brands Inc. Monday reached an agreement with its senior lenders to restructure $160 million of its first and second lien debt facilities.
(ARA) - Tired of feeling like you're living from paycheck to paycheck? Have interest charges driven your credit card balances so high, you feel like you'll never get out of debt? If so, you're not alone.
Stockton in California shows the dangers of the taking on too much debt as the US housing market slumps.
HAMILTON, N.J.----Ascendia Brands, Inc. today announced that it has reached agreement with its senior lenders to restructure its $160 million first and second lien debt facilities. Under the agreement, Ascendia's senior lenders will waive certain existing covenant defaults and adjust financial covenant levels from now through the end of Ascendia's fiscal year ending February 28, 2009. |