Investing in Philippines: bankruptcy

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Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts

Wednesday, September 14, 2011

How to file claims for your money in a bankrupt bank



With the recent news about LBC Development Bank's going into receivership and other banks in the Philippines I guess knowing how to file claims for your deposits in such banks must be a know how. I remember a comment by one fellow claimant who is already pissed off with the process as well as to the bank to which she deposited her hard earned money.

Tuesday, September 13, 2011

A video about how the Sub-Prime bubble came about







If you still have no idea why our world is in a financial crisis here's a video from Crisis of Credit that explains the story in a informative and visualized presentation.



The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Always remember that when risk is not manage and when greed creeps in the likelihood of collapse is greater. It is each and everyone's responsibility to make sure that the financial system is strong. Invest in the right companies, save for emergencies, and still spend on basic needs to keep money flowing in cycle. When one stops and hoards money others will be affected.

Invest wisely and spend wisely as well.
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Chitika