Bankruptcy plan would saddle system with more risky debt, water board analysis says
Those deposits represent about 35% of CITs funding today compared to 10% back in 2009. Thain plans to grow that number. Expenses are also down as Thain cut headcount from over 4,000 in 2010 to 3,420 today. The turnaround has sparked talks of a potential acquisition of the company by one of the big banks. Thain has acknowledged the attractiveness of CIT saying traditional big bank are awash in deposits and unable to generate attractive assets while his company holds high-yielding assets.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/halahtouryalai/2013/08/09/back-from-bankruptcy-cit-and-john-thains-stunning-turnaround/
A sewer system with $2,100 of debt per customer would be a weak system and a riskier investment. In comparison, Jefferson County's bankruptcy plan would leave it with about $13,626 of debt per customer in the first year of the 40-year plan. But that burden would get worse before it would get better. Under the plan, interest on the county's debt exceeds the payments it would make for 20 years, causing the debt burden to grow. By the fifth year of the plan, the county would have $14,798 of debt per customer, more than six times what Fitch says qualifies a system as financially weak. Customer cutoffs Jefferson County's lead bankruptcy lawyer, Kenneth Klee, has said that the county anticipates modest growth in sewer consumption. The county's plan proposes sewer rate increases of 7.89 percent per year for years two through four and 3.49 percent every year after that for the life of the debt.
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Too soon to file for bankruptcy again?
Milwaukee, WI (PRWEB) August 13, 2013 For a Milwaukee bankruptcy attorney who gets straight A's, those in debt would do well to turn to Jeff Fields of The Fields Group Law Firm. The bankruptcy law firm is proud to announce that they are now accredited by the Better Business Bureau (BBB) with a coveted A+ rating. This impressive rating affirms the firms commitment to meeting the Standards of Trust set by the BBB to promote honest business practices and to reaching the highest professional standards of service. Every lawyer at The Fields Group Law Firm is committed to being the best bankruptcy attorney in Milwaukee . As such, they are delighted to wear the BBBs badge of honor. To further emphasize their commitment to maintaining the highest bankruptcy service standards, they announced that they are also members of the National Association of Consumer Bankruptcy Attorneys (NABCA) and Martindale-Hubbell Peer Review Ratings. The Milwaukee bankruptcy attorneys of The Fields Group Law Firm understand how uncontrolled debt can lead to stress, anxiety, and seemingly insurmountable feelings of helplessness.
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Better Business Bureau Awards A+ Rating to Milwaukee Bankruptcy Attorneys at The Fields Group
I am sorry you didn't learn from your first mistake. Unfortunately for you, having one child, another on the way and unstable employment is a recipe for financial turmoil and marital acrimony. While another bankruptcy filing may be around the corner, you can't file Chapter 7 bankruptcy until next year. You can only file Chapter 7 bankruptcy and receive a bankruptcy discharge once every eight years. While the eighth year is right around the corner, you might be facing creditor lawsuits or pending foreclosure. If you are facing a lot of pressure, you may consider filing Chapter 13 bankruptcy before you become eligible for another Chapter 7. A Chapter 13 bankruptcy is a repayment of none, some or all of your debt over a three- to five-year period. In some cases, filers could have a payment as low as $100 per month.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/too-soon-file-bankruptcy-again-100000303.html
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