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Consolidation Counseling Credit Debt Services Pricing Corporate Securities as Contingent Claims by Kenneth D. Garbade, In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are contingent on the value of the enterprise as a whole. The notion of treating corporate securities as contingent claims is intrinsically important, but it is also important because it integrates a variety of otherwise loosely related topics, including equity risk, credit risk, seniority and subordination, early redemption of callable debt, and conversion of convertible debt.Bringing together developments from the past thirty years in contingent valuation, this book examines the relative value of securities in a corporation's capital structure, including debt of different priorities, convertible debt, common stock, and warrants. The book emphasizes the importance of accounting for the institutional characteristics of default, bankruptcy, and voluntary recapitalization of a financially distressed firm, as well as the exercise of managerial discretion in calling debt for early redemption, servicing debt, paying dividends to common shareholders, and undertaking strategic actions such as leveraged recapitalizations and spin-offs.
The ABC's of Getting Out of Debt: Turn Bad Debt Into Good Debt and Bad Credit Into Good Credit A step-by-step guide to eliminating unfavorable debt while improving one's credit rating discusses the differences between good and bad debt and offers advice on how to reduce debt quickly and how to render personal credit as favorable as possible.
Credit card debt - Credit card debt is an example of unsecured consumer debt. It results when a customer of a credit card company does not pay the company for the money he or she has spent. Credit counseling - Credit Counseling is a process offering education to consumers about how to use credit appropriately to avoid incurring debts that cannot be repaid. Baycorp Advantage - Baycorp Advantage is the largest credit bureau in Australia and New Zealand. It provides credit reporting, credit scoring, debt collection, and marketing analytics services. Debt consolidation - Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. consolidationcounselingcreditdebtservices |
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