Tax debt at heart of Rainbow United’s bankruptcy (The Wichita Eagle)

Rainbows United failed to pay more than $2.3 million in federal withholding taxes over the past two years, and the resulting debt appears to be at the heart of the Chapter 11 bankruptcy the nonprofit filed late Thursday.

Enel looks to refinance €10bn of its debt (Financial Times)

Enel , one of Europe’s largest and most indebted utility groups, expects to refinance up to €10bn ($14bn) of its borrowings by the middle of next year and could raise a further €7.5bn in asset disposals as it seeks to manage and reduce its massive debt load.

Debt forgiveness in few modified mortgages (The Nashua Telegraph)

Less than one in 50 mortgage modifications includes debt forgiveness, which is considered the surest way to prevent foreclosure. …

How Does Debt Management Work? | Rollover USA-401K Rollover to IRA

401K Withdrawal, Rollover Options & Rules for Fidelity, Schwab, Scottrade, 401k.com and other 401K Rollover Plan Ira Account, and Advice Service Providers.

Rusal May Need to Sell Shares, Norilsk to Pay Debt, Troika Says (Bloomberg)

July 31 (Bloomberg) — United Co. Rusal, the aluminum maker that yesterday reached an accord on delaying repayments on $7.4 billion of loans, may still need to sell shares or its stake in OAO GMK Norilsk Nickel to service debt, Troika Dialog said.

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Local News : Secession? Houston wants out; Wasilla pondering – Frontiersman (Mat-Su Valley Frontiersman)

WASILLA — Rumors are flying about a possible secession attempt in the borough’s northern reaches. Bill Gamble, chief of the West Lakes Fire Department, said he spoke to Houston Mayor Roger Purcell at a meeting Thursday regarding consolidation of ambulance services in their neck of the borough.

DJ Anglo American CFO: Expects Debt Level To Rise From 1H | MINING …

(Dow Jones Commodities News via Comtex) — AAUKD | Quote | Chart | News | PowerRating — Anglo American PLC’s (AAUK) debt will likely rise from mid-year lev.

Rising APRs Cause an Influx of Debtors Utilizing Sites like BurdenFree.com to Settle Credit Card Debt (PRWeb via Yahoo! News)

With APR’s on the rise, many consumers may be put in a position of searching for new debt solutions.

British Airways costs, debt start to fall (Reuters via Yahoo! News)

British Airways has cut operating costs by around 6.6 percent since last October as it fights to slim down during the downturn, while its debt-pile also fell slightly to 2.3 billion pounds ($3.79 billion).

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