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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Prime"

If I’m on an adjustable rate mortgage, will my rate go down, if the prime rate go down, without me refinancing

I have an adjustable mortgage with a 2 yr fixed rate, but in 2 months my mortgage payment will increase to $400 dollars. I’m just wondering why it’s going up if the prime rates went down, shouldn’t my mortgage payment go down instead? Please help I’m confused. … Read entire article »

Filed under: Mortgage Refinancing

Prime Legal Services

Commercial … Read entire article »

Filed under: Foreclosure Law

Prime Minister Harper Allows Powerful to Abuse Disabled

Nortel disabled employees asked Prime Minister Stephen Harper to correct an abuse by their employer who provided bogus disability insurance and wrongfully removed $75 million from their health and welfare trust. PM Harper stonewalled them for 18 months, turning down two disability bills using excuses supplied to his government by the insolvency lawyers, bankers and junk bond owners who took the disability insurance of the Nortel disabled. Bankers and bond owners insure their losses with credit default swaps and yet this government assists them to make a higher return by taking the insurance money of the disabled. This money does not rightfully belong to the creditors. Since disabled persons are less than 0.9% of the workforce and the cost of disability insurance is less than 1.5% of payroll, the impact … Read entire article »

Filed under: Insolvency

Credit CRISIS Animation Sub Prime just PRETEXT Banks Brokers Mortgages Foreclosure Money and Debt

Filed under: Foreclosure Help

Prime Minister Harper Allows Banks to Abuse Disabled

Prime Minister Harper is burying the disabled when he refuses to amend bankruptcy law to give priority for disability insurance provided by employers. This decision forces Canadian disabled employees into poverty when their employers go bankrupt. He listens to the Canadian Bankers Association, who has done no research on unsafe disability insurance. Policyholders at insolvent insurance companies get priority over the creditors and this must be the same for employers playing the role of insurer. Where disability insurance is provided by the employer, it must have priority over the creditors at the bankrupt corporation. Disability insurance at insurers has: (1) a requirement for disability income reserves, (2) policyholders are ahead of the creditors at insolvent insurers, and (3) there is Assuris to provide further protection of disability insurance after the … Read entire article »

Filed under: Insolvency

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