UK TAX POLICY AND THE EURO-DOLLAR MARKET * A. Introduction The view of the UK Treasury and the Inland Revenue was that, the way was now open for the nationalised industries and the local authorities to borrow in this way, if the UK wanted this to happen, and that the Boards and authorities … Read more
If you want to avoid bankruptcy your best alternative is Individual voluntary arrangement. The Insolvency act established by the UK Government in 1986 constituted a proposal for formal repayment to the creditors via an insolvency practitioner. In case of an IVA debt help, the charges of the secured creditors generally remain unchanged as … Read more
The turmoil affecting some of the largest financial institutions in the US has been well documented by the mass media over the last eighteen months, as have their inefficiencies in advising their customers and managing their customers’ money. These same inefficiencies have been highlighted as the catalyst for the current economic global meltdown, but as … Read more
Federal Trade Commission (FTC) Chairman Jon Leibowitz was recently joined by California Attorney General Jerry Brown to announce the initiation of “Operation Loan Lies”, a coordinated national law enforcement effort to crack down on mortgage loan modification scams. The operation has already filed 189 actions by 25 federal and state agencies against fraudulent loan shops that … Read more
There is just too much at stake for the lender and the borrower. Being proactive is the rule of the day. In the area of Adjustable Rate Mortgages, lenders are pre-empting “payment shock” by calling months ahead to determine the budget status of families looking down the barrel of a huge increase. Some lenders who … Read more