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CANADA: Canwest Files for Creditor Protection
Canada's media giant Canwest Global Communications Corp. is filing for creditor protection today as it restructures its huge debtload. Based in Winnipeg, Canwest owns Global Television and National Post, as well as... PWC: Lehman US owes Europe $8bn
Just one of many risky practices Lehman Brothers seems to have been engsged in was storing money belonging to the European headquarters of the firm in New York overnight to earn interest. It seems that in the final days before the firm's collapse, that money was not returned...Angry brides wage war on bridal shop owner
Every bride wants to look good on her wedding day so when that dreamt of dress becomes a nightmare you'd better watch out. All too often rogue traders get away with it - even closing one business to open another...
created by LotusFlower | 1 year ago | updated 1 year ago
1154 views | 0 recommendations | 11 comments
1154 views | 0 recommendations | 11 comments
Michael Vick Files for Bankruptcy Protection
Former NFL star quarterback Michael Vick, who is currently serving a two-year sentence on dogfighting charges, has filed for bankruptcy protection, claiming that he owes up to $50 million in creditors.It's...
created by Jarrett Martineau | 1 year ago | updated 1 year ago
369 views | 2 recommendations | 3 comments
369 views | 2 recommendations | 3 comments
High court shuts landbanking firm
It is probably every investors worst nightmare: you pay thousands of pounds for a plot of land, which will get planning permission, only to find that the land did not get the permission and is worthless. "An illegal landbanking scheme which sold plots of land to... Unfair Credit Cards Get Regulated by Fed
"(CBS/AP) The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad... What is the 'Shadow Financial System'?
You're soaking in it..."Since the onset of the liquidity and credit crunch last summer this column has been arguing that monetary policy would be impotent to address such a crunch because, in part, of the... Carlyle Tries to Hold Off Lenders
I posted a story about this the other day but things are getting worse for the Carlyle Group."LONDON (AP) -- Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in... Supa Dupa Producer Scott Storch Can’t Pay His Bills
Trying to keep up with the Puff Daddy’s is not easy and very
expensive. Maybe Scott thinks he is so awesome he doesn’t need to pay
for things and is offended by those who expect him to."THE list of creditors... A Summary of Colorado Foreclosure Law
A statement about deadline for notice of intent to cure and notice of intent to redeem; the name, address, and telephone number of each attorney for holder; the date and place of sale; and a statement that the lien being foreclosed may not be a first lien. US Airways raises Delta offer
"ATLANTA (AP) — US Airways Group Inc. raised its offer for Delta Air Lines Inc. by 20 percent to $10.2 billion on Wednesday, as it seeks to put pressure on the bankrupt carrier's creditors to agree to a deal that Delta's management opposes. It also set a Feb. 1 deadline for...
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