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Financially Distressed Companies

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  • Budget's a mess, but it's our mess

    Budget's a mess, but it's our mess
    Sacramento's latest budget product may be the worst ever -- and the very best possible given the reality of California politics.
  • How to begin owning stock

    How to begin owning stock
    Dear Liz: I currently have a 401(k) and an IRA, but want something more. A longtime CPA, who is very close to our family, recommended that I buy some stocks, but I'm unsure how to go about this. Answer: When you're investing, it's important to be...

    Generous aid for relatives came at great personal cost

    Generous aid for relatives came at great personal cost
    Dear Liz: I have $40,000 in credit card debt due to home healthcare I had to provide for my mom, who lived with me for six years before she passed away in 2011. I filed a Veterans Affairs claim on her behalf but just got a VA check for $344 with no...

    Does paying off a no-interest loan early help credit scores?

    Does paying off a no-interest loan early help credit scores?
    Dear Liz: Two years ago, my husband was denied a revolving $12,000 line of credit. The credit reporting agency indicated that denial was based on "little revolving usage, insufficient or no bank lines, and insufficient open accounts with zero balances."...

    Bankruptcy may be only way to get collection efforts to stop

    Bankruptcy may be only way to get collection efforts to stop
    Dear Liz: I co-signed a credit card for someone and the person defaulted on payment. I started making payments but could not continue because I became unemployed. The debt started at $15,631.23 but has gone up to $17,088.08 because of interest and fees. I...