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Debt swap meets strong demand
INVESTORS yesterday submitted more than P300 billion worth of bids for new bonds maturing in 2022 and 2031 in a debt swap designed to stretch maturities to make the country’s obligations more manageable, an arranger said at the end of the offer on Wednesday.

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I recently heard on radio about a debt free program. They officially negotiate on your behalf with the credit card companies. What may be the Cons? Is it safe to rely on Debt Settlement Program to free from one’s credit card debts? How may it affect one’s credit score?

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Product Description
Integrating a world-system perspective with historical case studies and empirical data, the author demonstrates the cyclical character of external indebtedness since the beginning of industrial capitalism in the early 19th century. Against this background, the author explains the current global debt crisis, in which creditor nations are encountering increasing problems servicing the massive debts incurred by Third World borrowers throughout the 1970s. The diverse ca… More >>

Debt Cycles in the World-Economy: Foreign Loans, Financial Crises, and Debt Settlements, 1820-1990

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