Denovo Provides Update on Proposed Qualifying Transaction and Independent ... MarketWatch (press release)
Is pleased to provide an update to its previously announced acquisition of all the issued and outstanding shares of Canmex Holdings (Bermuda) I Ltd. ("Canmex I") from Africa Oil Corp. ("Africa Oil"), which transaction (the "Transaction") is intended to constitute the Corporation's "qualifying transaction" under the applicable policies of the TSX Venture Exchange (the "Exchange"). The Exchange approved the filing of the Company's filing statement dated August 29, 2011 (the "Filing Statement") relating to the Transaction and the Filing Statement was filed on SEDAR on September 1, 2011. The Company has made its initial submission to the Exchange but has not received conditional approval of the Transaction. The Company expects to be in a position to close the Transaction in the next few weeks. Shareholders of the Company and Africa Oil are encouraged to review the Filing Statement which is filed under the Company's SEDAR profile at www.sedar.com .Following the completion of the Transaction, the Company, among other things, will have consolidated its issued and outstanding common shares on the basis of one post-consolidation common share for every 0.65 pre-consolidation common shares, continued into the Province of British Columbia under the Business Corporations Act (British Columbia) and changed its name to "Horn Petroleum Corporation". For further information regarding the Transaction, please see the Company's press release dated August 11, 2011.
Debt Consolidation Companies California
888-861-3694 - www.enrollmentcenter.com - Enrollmentcenter.com is the Law Firm's premiere Enrollment Center. The law firm will work with you ...
What can be done about an out of state credit consolidation company not doing their job?
I have a friend whose husband was seriously injured and now mentally impaired. They have 200,000 in debt and they hired a California debt consolidation company who was supposed to stop creditor harassment. The company takes $200 out of her bank every month and yet she still recently got sued by a collection agency. The company promised her that they were contacting the collection agency, and yet it is documented that they did not. She is so scared and has signed a very indepth agreement with this company that she feels she will not be able to get out of. I don't know where to direct her.
This happened to my friend contact a lawyer immediately. She ended up having to file bankruptcy.
If your friend is in that much debt, and little income, your only real solution is to discuss this with a bankruptcy attorney.
Credit repair companies will call all your creditors, but there is no law or requirement that they have to negotiate or do anything with them. Waste of good time and money.
What is the best way to payoff or settle my $80,000 credit card debts and bank debt?
Two months ago I maxed out all my credit cards and opened an unsecured personal loan because I needed cash for family emergency. Now I have approximately $80,000 debts from credit card companies and bank (all unsecured). After one month, I couldn't afford to make the payments. For my situation, I don't think I am able to payoff all the debt. What are my options now? When would the credit card company sue me? Can they garnish my salary? If the debt transfer to collection company, how much can I bargain off for a lump sum payment? Should I settle the payment myself or go to debt consolidation company? How many years the bad record would stay on my credit report?
I live in California. I'm working full time with $50,000 annual salary. The only property I own is a free-and-clear car (2007). I might able to borrower $20,000 from my girlfriend if a lump sum payment is offered.
Please answer as much as you can. Your help is much appreciated. Sincerely thanks.
The collections process works in a sequence so you are pushing the process with your questions. You will get a series of phone calls and letters before they consider turning you to collections. It will then be in the hands of the collection agencies to sue you on behalf of the creditors. Yes they can garnish your wages and trust me, you don't want that. The creditors (agencies) can get 25% of your salary off the top once they have such a judgement. It's way too early to consider debt negotiation and with $50K of income you won't qualify for bankruptcy with the new laws. You won't get $80K of debt forgiven with $20K of cash. Why not speak with a free consumer credit counseling program in your state so you can get a legal response to your legal question(s)? The organization below only represents genuine and legitimate agencies not those scam sites you will probably be bombarded with. Don't put this off. The longer you wait the more interest and problems you'll encounter.
credit card counsler.settle for half..keep your credit.
2} .bankruptsy. chapter11, ruin your credit for 10 years...good luck
PAY IT OFF FAST JUST PAY IT!!! ITS GONNA RUUINNN UR CREDIT!
http://www.peoplelendingmoney.com/
This not the one I saw before, you want the loan do the work.
Hell I might, try $100 lend to people, hope they dont screw me.
http://www.prosper.com/
Ok, here is the website, I find it.
My wife and I worked for 40 years in good jobs and have excellent credit. Never had an opportunity to borrow anywhere near that much, unsecured. Certainly never would have either.
Half the blame for the mess you are in lies with the outfits that loaned you the money. They should have known better.
Go for credit counseling and agree to pay back 40K. Let them eat the rest.
Chapter 11 is probably your only realistic option.
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