Debt

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October 13, 2013

Allen West on Obama: He’s acting like a ‘spoiled brat child’

theGRIO REPORT - Former Rep. Allen West (R-FL) commented on President Barack Obama's handling of the government shutdown, saying the…
July 19, 2013

Michigan governor Rick Snyder: Some Detroit creditors may never be paid

DETROIT (AP) — Michigan Gov. Rick Snyder says some Detroit creditors are not sure they will be repaid...
July 18, 2013

Detroit becomes largest American city to file for bankruptcy

DETROIT (AP) — Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed…
July 15, 2013

Detroit says it's settled with some creditors

DETROIT (AP) - Detroit has reached an 'important settlement' with some creditors as it negotiates ways to get rid of…
June 14, 2013

Emergency financial manager: Detroit won't pay $2.5B it owes

ROMULUS, Mich. (AP) — Detroit's emergency manager says the city is defaulting on about $2.5 billion of debt...
May 28, 2013

Selling art to save Detroit?

NBC NEWS - Detroit's emergency manager considers auctioning off city's precious art collection to help pay bills...
May 19, 2013

Payday loans are debt trap in disguise

OPINION - Are payday loans a good source of emergency cash? Thanks to misleading marketing, many of its consumers unfortunately…
January 7, 2013

George Clinton allegedly gives up rights to funk classics to pay off debt

theGRIO REPORT - Funk music legend George Clinton has been forced to sell the copyrights to some of his classic…
December 6, 2012

Oldest black church in Los Angeles sues former pastor

theGRIO REPORT - With a half million dollar debt looming over them, one of the oldest and most prominent black…
October 12, 2012

Bow Wow in dog house with bank, sued for $25,000 over Lamborghini repossession costs

theGRIO REPORT - According to TMZ, Georgia Bank is suing Bow Wow for $25,000, for the loss they incurred after…
September 14, 2012

Report: Clark Atlanta University ranks worst in student debt

theGRIO REPORT - The US News & World Report recently did an analysis of colleges and universities where students graduated…
August 26, 2012

Morris Brown College formally files for Chapter 11 bankruptcy

ATLANTA (AP) - Facing more than $30 million in debt, Morris Brown College officials have filed for Chapter 11 bankruptcy...
July 11, 2012

Evander Holyfield forced out of Georgia mansion

NEWS ONE - Boxer Evander Holyfield was forced to move out of his foreclosed home just outside of Atlanta yesterday...
June 15, 2012

Rangel spending more than he’s raising on re-election campaign

This is Rangel's toughest primary campaign in his 42-years in Congress and it appears that his campaign is having money…
April 6, 2012

BET joins the prepaid card bandwagon for worse, not better

OPINION - The prepaid card is one that doesn't help anyone establish credit, costs far too much for those who…
March 27, 2012

Rep. Charlie Rangel owes $23K civil fine

Rep. Charlie Rangel has been charged with a civil fine of $23,000 for campaigning from his rent-stabilized Lenox Terrace luxury…
March 26, 2012

Nas owes IRS $6.5 million in back taxes

The IRS filed a $514,298 tax lien on January 10th, which was added on to a $3 million lien from…
March 6, 2012

National Consumer Protection Week a chance to focus on identity protection, debt

theGRIO REPORT - As the economy improves are consumers doing a better job at managing their finances?...
March 1, 2012

Dow hits 13,000: What does it mean for you?

theGRIO REPORT - Dow 13,000 sounds good, but what does it mean for you?...
February 29, 2012

National Slavery Museum still pushing ahead despite enormous debt

RICHMOND, Va. (AP) - An attorney for the U.S. National Slavery Museum is headed back to bankruptcy court to outline…