Debt equity can be both fairly simple and quite complex, depending upon what type and amount of debt and equity you may possess. Simply defined, the debt-to-equity ratio is a financial figure calculated by comparing the proportion of shareholder equity to the amount of debt used to keep a business or company in operation. It is also commonly referred to as risk, gearing or leverage (as it is similar to leveraging). Your company’s financial records (such as its balance sheets and profit and loss statements) are used to calculate this ratio.
Read full post…
According to the Fair Trade Commission, the Fair Debt Collection Practices Act lists what rights consumers have when dealing with debt collectors, including:
* A debt collector can’t contact you at unreasonable hours, defined by the act as between 9 p.m. to 8 a.m., unless you give permission.
* You can tell a collector — by a letter or by voice — not to call you at work; the collector must abide.
* A collector can call your family and friends, but only to find out your contact information. They are not allowed to discuss the debt with anyone but you unless you have an attorney. * A collector has to provide written information on the debt within five days of contacting you. The l
Read full post…
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes. Apply Losses to 2004 Taxes When a large geographic area suffers a disaster, the President can declare it a federal disaster area. President Bush has made such a declaration for the Gulf Coast area. While you’ve probably heard such declarations occur over the years, I doubt it means much to you. The declaration, however, has major implications for recovery efforts. I
Read full post…
According to research, `the bank of Mum and Dad` is now calling in its debts – as parents ask for larger amounts of money back from their children, The Telegraph reports.
The findings revealed that one in 10 grown-up children either gave or lent, on average, 8,250 to their parents last year. This figure is 1,750 higher than it was in 2008.
More than one third of parents admitted to using the money they received from their children to repay their own debts, while a similar amount used the money to cover their everyday expenses.
A spokesperson for Debt Advisers Direct commented: “We would advise anyone struggling to afford their day-to-day living costs and/or their debt repayments after the recession to seek professional debt advice. Read full post…
Skokie, Illinois fire rescuers recently drilled a hole in the ceiling to rescue an 82 year-old woman from her apartment. They couldn’t use the door because the space was piled to the ceiling with hoarded stuff. Earlier this year, an El Paso, Texas woman died by fire when the newspapers she had hoarded fed the flames. Firefighters couldn’t get through the clutter to save her. These may sound like extreme cases, but hoarding is becoming an ever-increasing problem. Thos Read full post…