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Bankruptcy And Mortgage Foreclosures
n the case of bankruptcy , this is an old problem that has come back to the forefront of the public consciousness thanks in part to the current mortgage foreclosure crisis that is facing segments of the nation. Well, perhaps the words thanks and foreclosure do not go so well together.
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Special Report: Can Dow Hold 11,000?
The financial markets are in turmoil. Lehman Brothers (LEH), the nation rsquo;s fourth largest investment bank, filed the biggest bankruptcy in history this morning, defaulting on $613 billion in debt. Merrill Lynch (MER) sold itself to Bank of America (BAC) for $50 billion as the company bled $17 billion over the past four quarters. Plus, there ar....
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AIG Woes May Have Big Impact
Financial giant, AIG must raise $40 million fast or it faces bankruptcy. As Anthony Mason reports, the company is threatened by bad loans and a lack of consumer confidence.
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Uproar Over German Bank’s Payout to Lehman
As the rest of the financial community was scrambling to get its money out, a government-owned German lender gave Lehman Brothers 300 million euros on the same day it filed for bankruptcy.
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Why You Should Buy a Home After Bankruptcy
Planning on purchasing a new home after a bankruptcy? Today, more lending companies are catering to individuals who have a bad credit history or even those who have just survived a bankruptcy. Bad credit mortgage loans or sub prime loans give these individuals a chance to move on with their lives. So if you’re ready to take on a new responsibilit....
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Lehman lifeline was critical to chip maker AMD
AP - With Advanced Micro Devices Inc. s cash reserves dwindling and the chip maker s overall financial health deteriorating to dangerous levels last year, the company was thrown a lifeline by Lehman Brothers, the investment bank now in bankruptcy.
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Report: Chrysler to unveil electric car
Detroit automaker Chrysler, facing bankruptcy speculation and criticism for a lack of exciting products, will unveil an electric car next week, sources say. (...)
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