Consumer Debt Consolidation: Consumer Debt Consolidation - In Charge Debt

Interest by private equity firms seems to be cooling for two reasons: the crunch in the debt markets, and a poison pill being dispensed by Ford out of necessity that stipulates that the buyer must hold onto U.K. manufacturing facilities for at least five years, thus protecting some 19,000 jobs. Ouch. Private equity, I'm told, may not to want to sign on to that deal.

The jobs. Ah yes, the jobs. Ford has been bedeviled for years by British labor when it comes to making a profit from either Jaguar or Land Rover. Despite the fact that there is no British auto industry left, the government is awfully bossy and keen to hamstring automakers, especially Ford, into holding on to more workers than they need. More>>

DETROIT -- Auto-parts supplier Dura Automotive Systems Inc. said Thursday it's postponing its Chapter 11 exit financing process in the latest example of the credit crunch hampering bankruptcy exits.

Dura, a Rochester Hills-based designer and manufacturer of driver control systems and other products for the automotive industry, said it has asked the Bankruptcy Court in Wilmington, Del., to postpone its confirmation hearing to early next year, when the company will reevaluate its financing strategy.

"The credit markets have continued to move against us these past few weeks and the financing terms available in this market are not acceptable to the company," Chairman and Chief Executive Larry Denton said in a statement. More>>