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Finance, Credit and Loan Information

June, 2016

Asheville area community calendar

GET LISTED: Share your events at CITIZEN-TIMES.com/events at least two weeks in advance of publication. June 20 Buncombe Chautauqua History Alive Festival: 7 pm June 20-23, Ferguson Auditorium at Asheville-Buncombe Technical Community College, 340 Victoria Road. Mark Twain on Monday, Amelia Earhart on Tuesday, Matthew Henson on Wednesday, Werhner Von Braun on Thursday. $5 per […]

Seventh Circuit Broadens Ordinary Course Preference Defense

The Seventh Circuit expanded the “ordinary course defense of creditors who have been sued for the avoidance of preferential payments under Section 547 of the Bankruptcy Code. In re Creditors Comm. of Sparrer Sausage Company, Inc. v. Jason’s Foods, Inc.[1] The court provided a roadmap for preference defendants and expanded the range of “ordinary course” […]

4 Reasons Your Credit Score Isn’t Improving

We hear it from readers constantly: Im paying all my bills on time, so why isnt my credit score going up? This feeling that youre doing everything right and not getting rewarded for it is one of the most frustrating things about credit scores. And the simplest answer to that question is almost as frustrating: […]

Managing Debt: How to avoid a financial catastrophe in your small business

It’s hard, if not impossible, to launch or grow a business without taking on some debt. Indeed, debt is not something to be avoided. Instead, it’s something to be carefully managed and deployed strategically. John Kane, a CPA with Cook Martin Poulson, PC, says business owners should watch out for several pitfalls when taking on […]

Millennials Saving for Retirement, but Most Have Less Than $10K

Fifty-eight percent of Millennials are saving for retirement, and 38% know how much they will need, according to a survey by Ramsey Solutions. Of the 58% who are actively saving, they began doing so at age 23. Sixty percent of Millennials have less than $10,000 saved toward that end; however, thats roughly the same amount […]

Red Pine Exploration Closes Private Placement Financing

TORONTO, ONTARIO–(Marketwired – June 3, 2016) – Red Pine Exploration Inc. (TSX VENTURE:RPX) (Red Pine or the Company) is pleased to announce that it has closed the brokered private placement financing (the Financing) announced on May 26, 2016 pursuant to which it has received total gross proceeds of $2,158,008. The Financing was over-subscribed and was […]

Sean Talks Credit: When Traveling Abroad, Follow These 3 Credit Card Rules

Sean McQuay June 21, 2016 Credit Card Basics, Credit Cards, Rewards Credit Cards, Student Credit Cards, Travel Credit Cards

Number of people going bankrupt in Burton and South Derbyshire the lowest for 10 years

She said: People are still in debt, that hasnt changed, but the nature of the debt has changed. There is now a focus on responsible lending. Since the credit crash in 2008, lenders are not funding credit as easily as they used to, and are not lending money to unemployed people. This is helping to […]

What The Recent Debt-For-Equity Deal Means For Whiting Petroleum

Debt and liquidity management is the main theme in the oil and gas industry as the businesses in this industry try to get through the down cycle in oil prices. Whiting Petroleum (NYSE:WLL) is also making these moves to enhance its debt profile and reduce some interest expense. The options become limited for the oil […]

Infusion pump maker Flowonix raises $15.5M financing

Flowonixs Prometra–Courtesy of Flowonix Implantable pump maker Flowonix Medical announced $15.5 million in financing on Wednesday, including $5 million in venture term debt financing and a $10.5 million investment, led by Clarus Ventures and other existing investors. The company previously raised $40 million in November 2014, of which $20 million came from equity investment, $15 […]

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