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June 11th, 2009

Refinance Debt

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Whether or not to re-finance is a question homeowner may ask themselves a lot of times while they are living in their home. Alternately a homeowner who loses their job or takes a pay cut as a result of a change in careers may hope to refinance and consolidate their debt. The mathematics associated with determining whether or not there is an actual savings is not overly complicated but there is the possibility that the homeowner will make mistakes in these types of calculations.

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The Global Debt Bomb - only $60.40
Within a historical perspective, Clayton clearly explains the culture of debt -- its definition, how it got to be such a major burden, why we can t live without it, and ways to manage it better.. »

Selected News

Ainsworth Lumber fails in its attempt to refinance US$823.5 million worth of bond debt (MSN Money Canada)

Ainsworth Lumber Co. Ltd. (TSX:ANS), a Vancouver based wood and building products producer, says it has failed in its bid to refinance US$823.5 million worth of corporate debt by exchanging a series of older unsecured bonds with new secured ones. Read more

AbitibiBowater Sweetens Rate in DebtRefinancing Plan (Update3) (Bloomberg.com)

March 19 (Bloomberg) AbitibiBowater Inc. , North Americas largest newsprint maker, raised the interest rate its offering in a $496 million debtrefinancing plan as the company tries to avoid bankruptcy. Read more

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