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Debt Research News - August, 2006















HOME :: RESEARCH :: DEBT :: NEWS :: ARCHIVE

Credit Research News - August, 2006



Crisis looms as Irish debt approaches 'unsustainable' level

Total debt levels in Ireland are on course to reach €300bn by the end of next month, according to figures published today by the Central Bank.



Pentagon sees risk in troops' loan debt

As many as one in five members of the armed services are being preyed on by loan centers set up near military bases that can charge cash-strapped military families interest of 400% or more, a new Pentagon report has found.



Invocas sees shares surge after telling market growth is on trac

Invocas, the Alternative Investment Market-listed group specialising in consumer debt services, saw its shares jump by 8% yesterday as it reassured the market that growth is on track.



How to deal with credit card debt

If you're drowning in debt, here are tips that'll throw you a lifeline to staying afloat.



Surpluses help level pension payments

State officials hope to find another $400 million to plug into the teachers' pension fund so they can make level payments of about $350 million a year to eliminate its gaping shortfall over the next 30 years.



Skreem Entertainment Converts $1.8 Million Debt-to-Equity; Skreem Developing User Generated Content

Skreem Entertainment Corporation (OTCBB:SKRM) today announced the conversion of $1,825,175 debt into equity at $1.00 per share to its founder. The Company further announced that it is in development of several user generated content sites that will market to the YouTube and MySpace type fast growing communities.



Debt-free day for Cambridge

The Price is right for city councillo



Citigroup, Bank of America, JPMorgan Squeezed by Bond Market

Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. are among the biggest losers in the bond market, where the largest U.S. banks' relative borrowing costs are the highest in three years.



Order Prohibits Debt Reduction Companies from Operating Without a License

Companies Must Lawfully Operate to Serve More Than 3,100 Debt-Ridden Customers



VILLAGE DEBT IS TUMBLING

PORT ST Mary's financial deficit has been reduced by almost half in the latest set of audited accounts.



Course helps in managing money, dealing with debt

If you resolved to do something about reducing your debt and increasing your savings, the University of Florida's Cooperative Extension Service wants to help.



Debt Settlement Advisor Warns Consumers Against Bogus Debt Elimination Programs

With household credit card debt at record levels and bankruptcy much harder to qualify for under the new rules, consumers are cautioned to avoid costly debt elimination scams.



A taxing proposal

The government wants your money, and it’s willing to spend plenty of it in an new effort to collect it, according to a New York Times report.



Decision in tobacco case prompts upgrade of cigarette company debt

A federal judge's ruling in a landmark tobacco lawsuit last week has prompted some more good financial news for the nation's top three cigarette makers.



Poe's bankruptcy filing reveals details of debt

Tampa-based Poe Financial Group and its three non-insurance company affiliates may have as much as $100 million in liabilities based on the companies' bankruptcy filing.



I.R.S. Enlists Help in Collecting Delinquent Taxes

If you owe back taxes to the federal government, the next call asking you to pay may come not from an Internal Revenue Service officer, but from a private debt collector.



S&P cuts Donnelley ratings outlook

Agency troubled by possible buyout with high debt level



Around the Markets: Stockholders are dealt a better hand

NEW YORK Corporate boards of directors are returning cash to shareholders as surging profits fail to lift stock prices.



Twelve Benefits of Do-It-Yourself Debt Settlement

Although the tide of bankruptcies receded after the new bankruptcy law went into effect on October 17, 2005, a swelling volume of new personal bankruptcy filings are starting to flow into the court systems. With consumer credit card debt now over $820 billion and 97 percent of consumers seeking pre-bankruptcy credit counseling unable to repay their debts, analysts should not be surprised to see bankruptcy numbers steadily climbing.



Rating firms give Texas high marks for $4.6 billion debt offering

Texas' planned sale of $4.6 billion in tax and revenue anticipation notes received the highest possible ratings from New York's top bond rating firms, Comptroller Carole Keeton Strayhorn said Monday.



Canceling debt can bring another bill -- taxes

If you're working with a creditor to forgive some of your debt, there's something important you should know.



Tax Increment Financing: How it works

Some cities and towns are failing to accurately report how much money is being collected for economic development, a new state legislative report shows



Financial Literacy Executive Discusses Do-It-Yourself Debt Settlement

Consumers can negotiate debt settlements directly with creditors and save thousands they would otherwise spend on professional debt settlement service fees. However, the do-it-yourself approach is not for everyone.


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