JACK GUTTENTAG: Debt consolidation during a period of rising interest rates – Sarasota Herald-Tribune

Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…

Husband of Scottish mum missing for 40 years declared bankrupt over £411k debt – Scottish Daily Record

A former football club vice-chairman, whose wife went missing with her three-year-old son in 1976, has been declared bankrupt. Gordon Macrae, husband of missing mum Renee Macrae, did not defend the action after a fellow Ross County FC director took him to court over an alleged 411,000 debt. Christine Macrae, known as Renee, and three-year-old…

Former Ross County director declares bankruptcy after racking up £400000 debt – Press and Journal

Businessman Gordon Macrae husband of missing Inverness mum Renee Macrae has been declared bankrupt after a fellow Ross County FC director took him to court over an alleged 400,000 debt. A petition for sequestration under the Bankruptcy (Scotland) Act 2016 was raised against Mr Macrae by Leo Daly at Inverness Sheriff Court. The petition was…