support schemes, but has received only Bt198 billion in compensation from the government so far, or less than half of the total cost. Due to rising cost, the Finance Ministry proposed to the Commerce Ministry and the National Rice Policy Committee to report the cost every quarter. To make the rice pledging scheme sustainable, the government needs to review the way it buys rice from farmers. The price should not be too much higher than the market, according to officials. The government promises to buy unlimited rice from farmers at an average price of Bt15,000 per tonne of unmilled rice. The government was also urged to limit the quantity of rice that it will buy from farmers, as the open-ended policy has led to overproduction of rice and other farm products, officials said. For example, now farmers plant seven crops in each two-year cycle, up from five previously. Since the government now has a monopoly in rice trading, it has distorted the market mechanism. Exporters and millers cannot buy rice at a reasonable price for trade. A few of them can win rice at government auctions, but that is because they have an unfair advantage over others, officials said. The price support scheme also makes Thai rice more expensive than rivals? rice in the world market, leading to shrinking market share. The scheme has also encouraged smuggling, as farmers in Asean countries can get higher prices by selling their rice to Thais. The government should also consult with other agencies on conducting a comprehensive appraisal of the price support schemes to determine if they should be continued or changed, they said.
Source: nationmultimedia.com
Video: Credit Card Debt Collectors Secrets Revealed ? How To Beat Credit Card Debt Collectors
Bank wrote off AKEL company debts
More specifically, it was agreed that Delta Trading Ltd had reserves of CYP?90,000 and around ?60,000 receivables. The bank and Delta appointed the director of Delta Trading as the liquidator with instructions to sell all stock/reserves and collect all money owed to the company. From the CYP?150,000, the bank would receive ?124,000, ?16,000 would go to the company to pay off other obligations (salaries, social insurance etc) and the remaining ?10,000 would be the liquidator?s fee. The bank also agreed to grant Papanicolaou (the liquidator) an interest free loan of ?124,000 so that he could pay off the bank immediately.
Source: cyprus-mail.com
Vietnam may establish debt trading company
Tagged: billion-USD4, Dr Tran Du Lich, Dr Tran Hoang Ngan, Economic Committee, estate-related, Finance, National Assembly?s, SBV, SBV?s Chief Inspector Nguyen Huu Nghia, The SBV, The State Bank, Tran Du Lich, Tran Hoang Ngan, trillion- VND100, USD1.72 billion, USD2.87 billion-USD4.79 billion, USD3.35 billion, USD9.68 billion
Source: talkvietnam.com
Liability of a revocable trust for estate debts in Florida
http://flawyer.us/id14.html But, to be blunt, the regular, plain vanilla, inter vivos, revocable living trust that many people have in Florida will not escape paying debts of the decedent just because it is a trust. There are ways to avoid most creditors claims against an estate in Florida; this gets complicated and you should consult with an attorney about how to do this, this is not something ?you want to try to do it ?yourself; but an ordinary revocable trust is not one of the ways to do this.
Source: flawyer.us
Should IRS Report Tax Debts to Credit Bureaus?
What the GAO Found: According to the GAO, individual tax payers and businesses owed a total of about $373 billion in unpaid federal taxes in 2011 ? ?$258 billion by individuals and $115 billion by businesses. Over half of the tax debts were less than $5,000, but debts over $25,000 made $310 billion of the total $373 billion debt. About $60 billion of the total tax debt was either in the IRS collections process or covered by taxpayer-IRS installment payment agreements. Finally, about $110 billion of the total debt was classified by the IRS as being ?uncollectable.? Over 50% of the total tax debt was subject to tax liens, making those debts fair game for the credit reporting bureaus.
Source: about.com
Ask the Expert: Will Paying Off Delinquent Debts Improve My Credit Score? at Save Money with Credit Sesame
Once the item has been paid or settled the next step is to ensure that it is reflected accordingly on your credit reports. In a perfect credit reporting world, the account would be updated within 30 days to show the new balance. However, we don?t live in a perfect credit reporting world. As such, it might be necessary to dispute the item with the credit bureaus so that they can do their research, find that it has been paid, and update your credit reports. All in, this process will likely only take a few weeks.
Source: creditsesame.com
Consolidating Your Business Debts
In order to consolidate your debts, you will need to borrow a significant amount and this will mean that you will be charged interest. It is important to look for an offer that gives you a good interest rate because this will lower the cost of your borrowing. The costs of failing to make repayments on multiple debts, however, will be far higher than this rate of interest. If you are overwhelmed by debts and struggling to manage all of your repayment obligations, then a consolidation loan can be the perfect solution.
Source: actionstudio.org
Following restructuring debts, Royal Ranches Marrakech project adapt to local market demand
The modifications to RRM project will involve the re-master planning of the first district which will include an authentic ?Medina? club houses, a medical & health spa, a traditional ?Souk? shopping area and a boutique hotel. This decision follows a recent visit by a delegation representing GFH?s executives led by the Acting CEO of GFH, Hisham Alrayes to the project earlier last month. During the visit they concluded the restructuring of the projects financing with BMCE Bank, following the signing of the Memorandum of Understanding in April and assessing progress on the development. Commenting on the decision to change the direction of the development in RRM, Mr. Alrayes said: ?We understand that market needs can change overtime, and as such we make it our business to monitor these potential and actual changes as a matter of course. In order to better cater to local demand due to the market changes and the existing oversupply of luxury villas, we have taken the decision to alter the plan to include affordable residential units and medical health facilities, rather than the ranches and large scale villas as initially planned for.? It is worth noting that the existing infrastructure development of RRM is 45 percent complete. Following the financial crisis, there was ample influx of luxury villas in Marrakech, which has led to the modification of the original master plan in light of the prevailing market requirements. RRM is now working on a revised time schedule for the completion of the first phase of the development, while focusing at the same time on attracting joint developers to undertake parts of the project.
Source: ameinfo.com
Offsetting Behaviour: What if governments can?t pay their debts?
Please RSVP via the University?s website. Update: The University?s RSVP process is more than a little cumbersome. If you can?t make it work for you, send me an email at eric.crampton@canterbury.ac.nz and I?ll make sure you get on the list. The Economics Department is particularly proud of its Condliffe Lecture series. Prior years? speakers include:
Source: blogspot.com
CashAdvanceUSA.net Helps Consumers Lower Their Debts with Instant Loan Approvals
Some consumers are drowning in a sea of credit card bills. Whether it?s due to the current state of the economy, a job loss, illness or another unexpected expense. The bills are piling up and some individuals are finding it difficult to keep up with them. Regardless of the reason, the fact of the matter is that these debts are taking over their lives. Debt can cause an individual a lot of unwanted stress. It can cause problems in relationships and in some instances even tear them apart. Some are throwing in the towel and are virtually walking away from their debts. Walking away from credit card debt can bring about many legal issues and can be more stressful than the debt itself. This is not an option to those who would like to keep their credit untarnished. Many consumers are turning to companies that offer debt consolidation to solve their problems. Debt consolidation means that an individual can borrow a sum of money from one of these companies and use those funds to pay off their credit card debts. Once those bills are paid, the individual has only the one bill coming in from the consolidation company. These people are finding that the one bill is much easier to manage and pay than several. Debt consolidation has become a lifesaver to so many. Individuals that have taken advantage of this have taken a hold of their finances and are finding it much easier to keep up. Instead of having several bills coming in from different companies and different credit cards, debt consolidation allows for only one bill. This makes things much less confusing. Dana, a representative for the company behind the website, CashadvanceUSA.net had this to share. ?We have a vast network of lenders that are willing to work with folks. They truly understand the importance of debt consolidation. There are far too many people up to their necks in credit card debt. They are here to help them take control of their bills.? Whether consumers need help paying off several of their credit card bills or just a few, the choice to do it will yield the same results. This will allow individuals to relax a bit. It will alleviate some of the stress that the debts created. It will also save their credit status and help them avoid the possibilities of legal problems. It is important to keep in mind that debt consolidation is a form of loan. Any individual that has obtained a loan must abide by the terms and conditions of this loan. Any money borrowed, for what ever reason, must be paid back to the institute in the time stipulated in the terms. Neglect to do so may result in penalties or worse. CashadvanceUSA.net is a loan comparison website not a loan service company. Since launching just a few months ago, CashadvanceUSA.net has offered a simple three step form online to get payday and cash advance comparisons quickly and easily.
Source: sbwire.com
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Tags: asean countries, Credit, credit card debt, Debt, delta trading
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