| Mid-Missouri Bankruptcy Center
If your spouse was awarded debt in a divorce and ordered not to file bankruptcy so the debt could not come back to you, can the discharge the debt that was awarded in that divorce and file bankruptcy? In answer to the first part of your question, let me make it clear that no court can enter an order telling someone that he or she cannot file a bankruptcy case. The only exception is that a bankruptcy court can enter such an order, if it is punishing bankruptcy misconduct. The answer to the second part of your question depends on whether the debt awarded in the divorce was characterized as part of a property settlement, or as spousal maintenance (alimony). You should consult with a bankruptcy attorney to find out whenr you stand. Be sure to take your divorce papers to the interview.
Wall St heads for lower open Citigroup
NEW YORK - US stocks headed for a lower open on Monday as a downgrade of Citigroup , the No. 1 US bank, stirred fresh concerns about mounting credit losses. Goldman Sachs downgraded Citigroup, a Dow component, to 'sell' and said the No. 1 US bank may have to write off US$15 billion (S$21.7 billion) for debt losses over the next two quarters. Shares of Citigroup dropped 3.6 per cent to US$32.72 before the bell, while Lowe's dropped 3.6 per cent to US$24.09. Goldman also cut its profit estimates for Citigroup through 2009, saying the bank would likely take additional hits from securities linked to subprime mortgages and other investments. 'It's been guess work as to how big a writedown Citigroup's going to take,' said Marc Pado, US market strategist at Cantor Fitzgerald & Co.
Silence at the Abbey as customer service dives
Just what is going on at Abbey? Why are so many people complaining about its service? A lot of customers - including many Cash readers - would like to know. And so would I. In the past six months, I have received nearly twice as many letters about Abbey as any other banking group. But no senior person at Abbey would answer my questions last week because, the bank says, the chief executive is having dinner with personal finance editors in a fortnight's time. It might answer my questions after that, but not before. This is just the sort of inexcusable delay that Abbey customers have come to expect. Customer Jackie Brown spent three months trying to persuade Abbey to update her address, while Peter Corley waited nine weeks for his pounds 14,500 cash Isa to be transferred to Abbey, which twice lost the transfer form and then the original application form as well.
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