Can Murdoch Salvage His Legacy? msnbc.com
With the News Corp. phone-hacking scandal growing seamier by the day, the most urgent question may well be: Does Rupert Murdoch have enough time to salvage his company's—and his own—legacy?
He's done it before. Twenty years ago, he almost lost it all. Crushed by debt from a massive spending and acquisition binge, his News Corp. was on the financial brink. So with characteristic tenacity, Murdoch jumped into action, renegotiating with the company's banks, shoring up his money-losing British satellite-television operation, and selling off a slew of American magazines. And he came back with a vengeance: his arguably greatest triumphs, including the ascendance of Fox News, were still to come.
But that was 20 years ago. And as recent appearances and his awkward photo opportunity last weekend beside his embattled young chief executive make abundantly clear, Murdoch is now an eighty year old. Yes, he is younger than some of his fellow media moguls—Conde Nast's Si Newhouse is 83 and Viacom's Sumner Redstone is 88. But the spiraling scope of the scandal suggests Murdoch will need a very long runway to reclaim both the company's reputation and his own legacy.
Secured Debt and Chapter 7 Bankruptcy
This video explains what secured debt means for purposes of chapter 7 bankruptcy. Secured debt has two elements: (1) your promise to repay your ...
A friend is considering emmigrating to Australia form the UK, whilst abandoning her debts.?
She has friends that have moved out to Australia and done similar things - with no consequences. I have no knowledge on this topic and am worried that she would eventually be deported back to the UK.
I'm guessing that financial institutions would wnat their money, but may find it hard to track her down...and of course we know taht the debt is cleared after 7 years.
I woudl appreciate some balanced advice - I woudl like to give her both sides of teh arguement
thanks all
Debt is not cleared after 7 years. An upaid account is always owed.
What is cleared is a bad credit rating. But the company can always re-instate that bad rating with an invoice to the person concerned asking for the money back. The minute they do that, the unpaid bill goes back on your credit rating.
It just depends on how determined the company is to get their money back. If they want their investigators to keep pursuing it, they will notice when your friend comes back to the UK and opens a bank account, or applies for a credit card. Even if it is 30 years later.
As for deportation from Aussie, unless she owes millions, no one is going to chase her that far.
.
"extradited" back to the U.K. There plenty of retired police
officers who work with the police as "bounty hunters" to
locate you, and track you down.
Yes, the financial institutions, do want their money.
If you friend has filed for Bankruptcy. her debt may be cleared.
But the rules have become much "tougher" now with the
lending institutions going broke.
With the threat of your national security at hand. websites are
being monitored for "key" words, and "abandoning debts"
sounds like key words to me.
Since I am not on your "side" of the law. I don't think from
your point of view, and and if I offered to "aid" you as how to
avoid detection. I would become an "accessory" to the
crine. sorry. <l:-})-{*
abandon can debt i in uk - News
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Profiting From Bernanke's Super-Fed and Obama's Newer Deal - Seeking Alpha Profiting From Bernanke's Super-Fed and Obama's Newer Deal After China, the biggest holders of American debt securities are Japan, the UK, Caribbean banking centers, and OPEC nations. Japan is facing enormous |
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Halo Financial - Daily Currency Insight - Fxtraders.eu Halo Financial - Daily Currency Insight the reports that the UK government is set to abandon all prudence and just print a whole batch of money to fund its projects and pay some of this debt. |
Debt Directory
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