Was it for good, or bad?
We want to talk about escape plans. How will you get out of debt?
According to a study from the Urban Institute, an estimated 1 in 3 adults, around 77 million people, are so far behind on their debt that their account has been placed in collections.
Portugal uses a good bank/bad bank strategy to rescue Banco Espirito Santo.
It’s looking increasingly likely that Argentina will default on some of its bonds.
What what happens if your debt goes into collection?
Companies that insured Detroit's debt also made other bad bets.
Consumer debt is rising over all. Financial advisors say we need to keep our personal debt load at no more than 30 percent of our take-home pay.
This was the year of "forced transparency" in China, exposing bad debt and bad pollution.