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Changed Jobs? Rollover Questions Answered

David A. Dedman | Posted 01.18.2015 | Money
David A. Dedman

If you recently switched jobs, there may be a waiting period of up to a year before you can participate in your new employers 401(k) plan. That bites.

Debtor's Prisons in Kentucky and Other Horrors of the Justice System

Don McNay | Posted 12.13.2014 | Crime
Don McNay

What is going on in Kentucky is apparently going on in various pockets of the nation. It has to stop because it is wrong. It also has to stop unless the rulings of the Supreme Court mean nothing to people charged with upholding them.

When You Die, Where Does Your Dough Go?

David A. Dedman | Posted 05.24.2014 | Money
David A. Dedman

Investors over the years have told me that they have it all worked out. "I've got a will, a trust and spoke to an attorney." Often, those instructions were done years ago, sometimes decades ago.

Until Subnational Debt Do Us Part

Otaviano Canuto | Posted 06.15.2013 | World
Otaviano Canuto

The subnational debt market in some developing countries has been going through a notable transformation. Private capital is emerging to play an important role and subnational bonds increasingly competing with traditional bank loans.

Romney's Priority in Auto-Rescue Was Saving Investors -- Not Jobs, Not Even the Industry

Paul Abrams | Posted 12.24.2012 | Politics
Paul Abrams

Mitt Romney's career at Bain Capital provided him a lot of experience with bankruptcies. So, it was natural that, as the Obama team was considering a rescue package for the auto industry, Romney reached into his old bag of tricks.

Bankrupt Airline To Consider Huge Merger

AP | DAVID KOENIG | Posted 05.12.2012 | Business

DALLAS -- American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection. American ...

Senators: Giving MF Global Execs Bonuses Probably Not A Good Idea

AP | MARCY GORDON | Posted 05.15.2012 | Business

WASHINGTON — Senators are telling the trustee overseeing MF Global that it would be outrageous to pay bonuses to top executives of the collapsed...

One City's 'Last And Best Chance To Avoid A Bankruptcy'

Reuters | Posted 04.29.2012 | Business

(Adds comments) By Jim Christie SAN FRANCISCO, Feb 28 (Reuters) - Stockton, California's city council approved a plan l...

Demand That Collection Agencies Keep "The 5 New Year's Resolutions for the Conscious Bill Collector"

Jerry Ashton | Posted 03.12.2012 | Business
Jerry Ashton

If there is one thing that most Americans might agree upon it is that the debt collection industry and the work it performs ranks in status somewhere below that of a Wall Street Banker and slightly above that of a U.S. Congressman.

Return Of The Debtors' Prison?

Posted 12.13.2011 | Chicago

Some Illinois residents struggling to pay off their debt have yet another thing to worry about: getting thrown in jail. As WBEZ reports, creditors...

Alabama County Likely To Declare Bankruptcy

Posted 09.20.2011 | Business

Alabama's troubled Jefferson County faces an 80 percent chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts...

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011 | Business

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

France, Banks Agree To Make Greek Plan More Agreeable To Creditors

Posted 08.26.2011 | Business

The French treasury and banks have agreed on a proposition to make a Greek debt rollover more palatable to creditors through a combination of long...

Beware Greeks Bearing Banks

Robert Kuttner | Posted 07.22.2011 | Business
Robert Kuttner

After every financial debacle or war, there is a huge political struggle over whether creditors get to stand in the way of an economic recovery. Greece is the poster child for this dilemma, and the Greek story reveals the real villain of the piece.

How To Divorce-Proof Your Business: The ESOP Or Property Settlement

Jeffrey A. Landers | Posted 06.13.2011 | Divorce
Jeffrey A. Landers

If, for whatever reason, your husband is entitled to an ownership interest in your business and you don't want to be partners after the divorce...

FDIC Proposes A Solution For 'Too Big To Fail'

Reuters | Dave Clarke | Posted 05.25.2011 | Business

(Reuters) - Creditors who help authorities liquidate a troubled financial firm would be among those paid off first among unsecured creditors, accord...

How To Divorce-Proof Your Business: Creating A Trust

Jeffrey A. Landers | Posted 05.25.2011 | Divorce
Jeffrey A. Landers

If you have children, you may want to start thinking about your estate-planning goals...

Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011 | Business
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

The Debt Relief Rip-Off

Don McNay | Posted 05.25.2011 | Business
Don McNay

Desperate people want to believe it's true. They want to believe that there are companies that can easily get rid of their credit card debt. More often than not, they are deeply disappointed.

Seen and Heard in New York: Wendell Pierce, Cory Booker, Alan Rickman

Jane Levere | Posted 05.25.2011 | New York
Jane Levere

Wendell Pierce, a star of HBO's Treme and host of "Jazz at Lincoln Center Radio," spoke at a recent benefit held by JALC.

Things About Money You Don't Learn in College

Don McNay | Posted 05.25.2011 | College
Don McNay

College seniors are entering a world of money -- and without very much preparation for what is about to hit them.

Shahien Nasiripour

No Longer Too Big To Fail? Credit Rating Agency Thinks So

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The giant credit rating agency Standard & Poor's issued a stark warning Tuesday to creditors of Citigroup and Bank of America, two firms that up until...

Keeping the Love Alive With Your Credit

Jeanne Kelly | Posted 05.25.2011 | Business
Jeanne Kelly

Yes, credit is a lot like love. We all want it. We all need it. But it's a two way street, and finding ways to maintain it is the key.

Nigeria payment of foreign debt: The largest transfer of wealth in modern time

GroundReport.com | GroundReport.com | Posted 05.25.2011 | Home

  By  Emeka Chiakwelu  www.afripol.org st@afripol.org  Nigerian government in the year 2006 paid almost $20 billion to two giant i...

Creditors Use Social Security, Disability Benefits Loophole

wsj.com | ELLEN E. SCHULTZ | Posted 05.25.2011 | Business

A bipartisan group of legislators is pressing the Treasury Department to close a loophole that has allowed banks to seize Social Security and disabili...