Archive for January, 2009
What are Bush's plans to reduce the trillion dollar National debt?
The national debt continues to grow, preventing the US economy from strong growth. Does Bush have a plan or will he leave this problem to the next adminstration?
The high national debt of the 80s finally caught up with Republicans starting in 1989 and eventually cost Bush the 92 election. It has the potential to lead into a recession.
national debt does not include the money owed by states, corporations, or individuals
as he actually said about the iraq war, 'this will be the next president's to solve." !!!!
We have a huge deficit now because of Bush, wiping out our Clinton-surplus and going far into the negative. This exacerbated the debt to be sure. Bush does not care. This was Bush's plan, to steal as much of our money as he could for himself and his friends.
Would acquiring a target company's debt/pref shares reduce the price than if ord shares were only acquired?
If an acquiring company purchases the target company's debt and/or preference shares (along with the ordinary shares), would this reduce the target price than if ordinary shares were only acquired?
Would we expect to see the price reduce by the equivalent amount of the target's balance sheet value of the debt and/or preference shares compared to the situation of only the ordinary shares being acquired?
No.
The 'price' that has to be paid is the price demanded by the existing Shareholders (and Bond holders etc). This will depend on how likely the target Company is to survive without being taken over.
Plainly, if the target is about to go bust, there is a very good chance that the acquiring Company could buy-up the debt (prior to the take-over) at a significant discount. Doing so would later save the combined Company significant costs (since after the take-over the bond holders etc. are going to expect to be paid back at full price).
Once the acquiring Company has taken over the Target, plainly the combined Company is responsible for paying off the Bond holders (& paying back any other debt).
If the acquiring Company purchased the debt prior to the take-over, then it now pays itself 
how does the whole credit card consolidation process work?
i have\ about $25,000 or more of credit card debts and i really want to pay it all but just can't so soon as am a single working mother with two kids… my credit rating is the lowest and all my cards have gone to collection agencies and attorneys have been calling and i can't answer i can't pay so much at one credit card alone and i want to have one low payment…i m scared cuz i heard you could go to jail and i m worried what would happen to my two little babies? i could go on and on about how crazily worried and sick i m from thinking about this every nite… but how do i go about the process and how long does it take please give me through information since i don't have much time to go here and there and research on my own i don't have much time and who ever gives me the complete information on how, how long, exactly how the process works will get the best answer! plz i really need help here thnx a lot for your responses. i no itz late but i want to work this out!
just before answering my question, please read it throughly. my situation is THE WORST RITE NOW….i havent paid my bills in ages, and they have gone to collection agencies…i want to work this out with them i want to know a solution!!!! consolidate…who where when how? non-profit….etc!
WHAT HAPPENS AFTER THE CRD CARD HAS BEEN GONE TO COLLECTION AGENCIES??? HOW CAN I WORK THAT OUT?
I would suggest you try to find a local place where you can see someone face-to-face (as opposed to over the phone). A good, reputable non-profit is CCCS or Consumer Credit Counseling Services. They will set up an appointment with you and ask you to bring in a bunch of information: your last few pay stubs, all your bills and statements, a copy of your credit report (if you have one handy, if not, they can pull one), etc.
They will go over everything with you and let you know what they can do to help. They are not able to consolidate all bad debts, so be aware of that up front. They are nationally recognized, so they are able to negotiate pay offs for you as well as lower your interest rates on credit cards and the like. They can even change the terms (like the monthly payment). After they contact all your creditors, they take into account your monthly income and come up with a figure that will not stretch your budget beyond what you can afford. They will ask you to make a monthly payment to them and then they will divy up the money to the proper people.
After a month or two, it will show up on your credit report that certain accounts are "in consolidation". That is not a bad thing per se. Creditors can at least see that you are taking responsibility.
CCCS might also ask that you make a small donation since they are a non-profit. They've been known to waive the fee if you absolutely cannot afford it. One important thing to remember is that you cannot default on your agreement. It looks really bad credit-wise if you do…so just make sure you're ready to embark on the repayment. The length of time really depends on the severity of the debt (which looks fairly bad) and how much your monthly payments are.
I hope that helps and I wish you the best!