According to a report by Wilson Bennett, Greece says it won’t be able to make €1.6 billion of loan payments to the IMF and meet domestic obligations in June. Wilson Bennett says that Greece has, once more, hinted at the potential for it to default on loan payments to the International Monetary Fund (IMF). The […]
Nigeria payment of foreign debt: The largest transfer of wealth in modern time
By Emeka Chiakwelu www.afripol.org strategist@afripol.org Nigerian government in the year 2006 paid almost $20 billion to two giant international syndicates: Paris Club and London Club of Creditors to settle her foreign debts. This transfer of wealth by a relatively poor nation contradicts the entire prudent financial judgment and rudimentary economic disposition preached to Nigeria by International Monetary […]
Chrysler’s Secured Creditors Lose $4.9 Billion
William Shakespeare got it wrong. His famous saying should have been “Never a lender be, because the borrowers will buy off the bankruptcy judge”. The sad thing about the current era is that the US Government is doing everything in its power to undermine the rights of lenders. The US Government wonders why Americans don’t […]
Creditors charge model sustainable development defaulted on $24 million loan
A trio of investors have filed suit against the Navy Yard at Noisette LLC, developers of what for years hailed as the very model for sustainable urban revitalization on the Charleston, S.C. peninsula, claiming it defaulted on $23.8 million in loans it receive two years ago. The plaintiff private equity firms have asked the court […]
4 Alternatives to Filing Bankruptcy
Personal bankruptcy is a major problem in the US. Back in 2005, personal bankruptcy filings reached an all-time high, with 2 million people filing. That number has decreased since then because medical insurance is more accessible. Back then 46% of bankruptcies were caused by medical expenses. If you’re worried about bankruptcy, there are alternatives so […]
Consolidate Your Loans and Be Debt Relief to Start Better Lifestyle
Is your everyday life cluttered by overwhelming debt? Are you always struggling to meet all your financial obligations? If you are in such a frustrating scenario, don’t lose hope as there are various possible ways and debt relief options that you can take to get out of the financial trap and start living a better […]
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