J.L. French Automotive Castings , a United States-based maker of aluminum die-cast auto parts, filed for Chapter 11 bankruptcy protection on Monday, saying it was “over-leveraged with an unmanageable debt load,” Reuters reported.
$1.2 billion in debt relief approved for Haiti (AP via Yahoo! Finance)
Roughly two-thirds of Haiti’s total debt was canceled Tuesday when three organizations that provide financial assistance to poor countries announced they’re forgiving $1.2 billion of what the Caribbean country owes.
Going Green to Get Out of Debt (ABC News)
ABC’s Jerika Richardson reports from New York: In an effort to help save some of the world’s disappearing tropical forests the United States is offering Indonesia some much needed debt relief. Today, the Indonesian government signed a “debt-for-nature swap agreement”…
US, Indonesia sign debt for nature agreement (AFP via Yahoo! News)
The United States and Indonesia signed an agreement in which the largest Southeast Asian nation will commit to protect tropical forests in return for reduced debt payments to Washington, officials said Tuesday.
General Motors’ Municipal Debt Holders Are in Limbo (Update1) (Bloomberg)
June 5 (Bloomberg) — Municipal bondholders with $700 million of General Motors Corp .-backed debt will have to wait until the company develops a plan to exit bankruptcy to find out how much, if anything, will be repaid.
Pakistan PM urges US to write off debt (AFP via Yahoo! News)
Pakistani Prime Minister Yousuf Raza Gilani on Friday urged the United States to write off its debt to help his cash-strapped nation grapple with insurgency, humanitarian crisis and global recession.
Debt prices lower after jobs report (CNN Money)
Government debt prices sank Friday after a much better-than-expected monthly jobs report and as the market braced for a heavy week of new issues.
Canwest defers debt payment – Winnipeg Free Press
WINNIPEG — Canwest Global Communications Corp. is about to breach its loan covenants on anothe… – Latest News – Winnipeg Free Press.
Make Your Dream Come True…Become Debt Free | Online Credit Professor
To become debt free is the dream of many Americans who are caught under the pressure of mounting loans and credit card bills. Easy access to credit cards and the tendency to overspend result in us having a large amount of debt.
The Daily Dish | By Andrew Sullivan
Deal With The Debt! Ctd. As the markets fret over inflation, Noah Millman has a penetrating post on what may lie ahead after the anti-deflationary splurge: If the United States faces a situation at some point in the near future where we …
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