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Bankruptcy And Debts Blog 17 March 2008

17 March 2008

Debunks performance bond forfeiture issue, How I Plan to Quit the Rat Race

Posted by James Breen at 3/17/2008 4:26:00 PM

I can't seem to help myself. I did the time. I was always from Bankruptcy And Debts. I seem to have talked to the author in the post. This scene of debt management was nice and all.

I force myself to pass some of my favorite posts, oh, for me it is really difficult, they are my treasure. Should I share my "treasure"? Maybe a little bit:

Manila (17 March) — The Power Sector Assets and Liabilities Management Corporation (PSALM) strongly denied it has threatened to forfeit the performance bond of Masinloc Power Partners Co. Ltd. (Masinloc Power) for the sale of the Masinloc Thermal Power Plant. "PSALM and Masinloc Power are acting as a team to accelerate the closing of the transaction and, to this end, PSALM has maintained open communications with Masinloc Power. PSALM has in no case threatened Masinloc Power with forfeiture ..keep reading.

They said: Read the rest of this entry »

Posted at 16:26 0 comments


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Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments, offs, and debt collection activities. Both also provide exemptions that allow people to keep certain assets, although exemption amounts vary among states. Note that personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. And unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.