Britons pay off £7bn of mortgages says Bank of England (Daily Telegraph)

Britons reduced their mortgage debt by £7bn during the second quarter of the year according to the Bank of England.

Poland Must Delay Euro Goal Beyond 2015, President Adviser Says (Bloomberg)

Debt will continue to rise as the government increases spending ahead of presidential and parliamentary elections, Glapinski said in an interview in Warsaw yesterday. That may push debt levels beyond the constitutional threshold that triggers austerity measures, he said.

Victor sewer consolidation plan approved (Rochester Democrat and Chronicle)

By a 4-to-1 vote Monday night, the Victor Town Board approved sewer district consolidation.

Viterra sees more acquisitions, open to raising debt (National Post)

Viterra Inc., the Canadian grain handler that is seeking to buy Australia’s ABB Grain Ltd., said it expects to make more acquisitions and is willing to increase its debt levels to do so.

Blog: Cuomo’s Latest Target: Debt Collectors (BusinessWeek)

Rising unemployment, surging gas prices and a prolonged recession have created the perfect storm for American families, pushing consumer debt levels to record highs.

CommScope sets termination date for some debt (AP via Yahoo! Finance)

CommScope Inc., a network infrastructure company, on Friday set a deadline for converting a certain class of the company’s debt into shares of stock.

Fitch and Moody’s cut R.H. Donnelley debt ratings (AP via Yahoo! Finance)

Fitch Ratings and Moody’s Investors Service said Friday they have downgraded their debt ratings on yellow pages publisher R.H. Donnelley Corp., which filed for bankruptcy court protection earlier this week.