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Being out of debt
Before the financial crisis hit, I had no idea of the depth of global debt. I had a nagging feeling there was a major disconnect between the extent of production and development and how this was to be paid for. The best example of this was Dubai. I could never get my head around its economy - until now. I was traveling in Eastern Europe when the first rumblings occurred - the housing finance crisis in the USA. Unfortunately, because of where I was I didn't get much news and didn't pay it much…See More
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- What is your Money Confession? (Your biggest money win or stuff up)
- Not realising the financial crisis was going to happen when it did and be as devastating as it is, when for several years I had been wondering how the rise in asset values, obscene wealth differentials between individuals and nations, burgeoning industrial growth could ever be sustainable, how nations could ever restrain these excesses to enable climate change reduction measures to be put in place
Christopher Chambers's Blog
Being out of debt
Before the financial crisis hit, I had no idea of the depth of global debt. I had a nagging feeling there was a major disconnect between the extent of production and development and how this was to be paid for. The best example of this was Dubai. I could never get my head around its economy - until now. I was traveling in Eastern Europe when the first rumblings occurred - the housing finance crisis in the USA. Unfortunately, because of where I was I didn't get much news and didn't pay it much… Continue
Posted on June 3, 2009 at 13:02
Latest Activity
Bankruptcy ben replied to Stephen's discussion How to Cancel a Part IX Debt Agreement"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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