Occasionally I talk to people who have credit card debt AND savings. They might owe $5,000 on cards and have $3,000 in savings.  I’m always confused as to why people would do this. A 1995 survey found that 90% ofMORE

Annie Leibovitz, perhaps the world’s most famous photographers, has concluded a new financing deal with Colony Capital that will avoid bankruptcy and reduce the risk that her intellectual capital and real estate would be lost. In February 2009 Leibovitz borrowedMORE

Power Balances a US based company that sells bracelets that they claimed increased the athletic abilities of those who wore them has filed for bankruptcy. The ACCC (Australian Competition and Consumer Commission) took issue with their claims.  As a resultMORE

Toby Maguire, the star of the Spiderman series, is set to give $80,000 in gambling winnings to a Californian bankruptcy trustee. The movie star won $311,000 from hedge fund operator Bradley Ruderman, who was using client’s money to fund hisMORE

I got a rather nasty surprise last week. I received my 6 month statement from ANZ for my mortgage and the rate had jumped .7%! That is a little nasty.  They probably sent me a letter however I’m of theMORE

Craig Thompson has drawn the ire of powerful labour and union members after it was revealed that he lodge a development application just days before being bailed out by NSW Labour. NSW Labour gave the  embattled member $150,000 dollars toMORE

Labour member Craig Thomson has been bailed out by NSW labour in order to prevent his inevitable bankruptcy.  Bankrupts are excluded from sitting in parliment and a by-election in Craig Thomson’s seat would undoubtedly cost Labour government. Craig Thomson incuredMORE

It occurs to be that many people have financial preconceptions.  I posted previously about private education and whether or not it’s a good investment (my feeling was that it wasn’t). I wonder though if that’s the tip of the preconseptionMORE

The Office of Budget Responsibility (an independant body set up by the coalition governement)  has stated that by 2058 Britain will either have to implement large spending cuts or massive tax rises as the population ages. “In the absence ofMORE