bankruptcy - seniors.stickycareer.com

OVER-SPENDING YOUR WAY TO DEBT AND BANKRUPTCY

Do we need that many credit cards? Credit cards are both a boon and a bane depending on our spending habits. I have only one credit card to my name, and it has served me well all these years. To be honest, I was quite miffed when the banks rejected my application for a new […]

BANKRUPTCIES AND BAIL-OUTS BITE INTO OUR RETIREMENT BENEFITS

Leave a Comment / alternative media, bankruptcy, General Motors, Khazanah Nasional, pension funds, retirement funds, Temasek Holdings / SeniorsAloud

Much has been written in the media about General Motors filing for Chapter 11 bankruptcy protection on 1 June. Among the causes that helped topple the once-invincible GM were the pension bond and the retirement-trust obligation. As early as 2002, GM’s pension fund was already US$20m under-funded. GM is not the only one. Across the

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