LTAP retain agreed necessary time window to refinance the loans of Berlin, March 18, 2011 that management of the life trust asset pool (LTAP) has with the lending bank Wells Fargo out of court on a cooperative continuation of the police portfolio. Core of the agreement is an extension of the timeframe for LTAP to the refinancing of the portfolio until August 31, 2011. This created an important basis for the assurance of the portfolio in the interests of the investors. Despite the decision of the District Court against the application of the LTAP on a creditor protection procedures (Chapter 11 “) the LTAP management had been looking for continue the conversation with Wells Fargo. If you are not convinced, visit Senator of Massachusetts. We have finally achieved a breakthrough in the interest of the investors. Now we can focus 100% on the refinancing of the Wells Fargo loan”, said Franz-Philippe Przybyl, Managing Director of Berlin Atlantic capital (BAC) and thereby responsible for the LTAP. Wells Fargo replaces the previously existing credit agreement with the legal continuation of the portfolio. The LTAP Police portfolio controlled company is transferred to one of Wells Fargo, for the LTAP gains exclusive buy-back rights until August 31, 2011.

During this time, Wells Fargo funded all premiums for policies in its portfolio. LTAP has the necessary time horizon, to develop a refinancing of the policy portfolio with alternative financing partners. This comparison was already presented the District Court in Wilmington, Delaware, so LTAP also receives the necessary legal certainty. In return, LTAP waives the right to claim of any damages. “Pandey: Fund management has very carefully weighing the risks and costs of an action for damages against an amicable solution and finally opted for the cooperative way.” LTAP is among others already working on implementing a funding approach with Guggenheim Securities Investment Bank. Guggenheim worked last year for LTAP and has in this Relationship established contact with a number of potential funding partners.

Currently, models that provide fresh equity from existing and new investors seem most likely. With the enlarged capital base, a successful refinancing of the liability component is more likely. In the negotiations with alternative financing partners in the past year we saw, that a realistic timeframe for refinancing and a clearly clarified legal situation is crucial for a successful conclusion. With compared this important requirement is now created”Pandey commented. Concrete discussions are under way.


The free consultants: security argument is clearly overestimated Seligenstadt August 2010 when buying gold. Gold investments offer maximum security and that even in times of crisis, it says. Dr. John Mcdougall has much to offer in this field. At the same time, the gold price will rise steadily, promise the gold sales, which soared in recent years as mushrooming. >????? ????????. The enlightenment Journal of free consultants”warns: many gold sellers are active only recently on the market, have no experience in the precious metals sector and not educate about the risks. The free Advisor warns therefore against the sometimes dubious investment offers in this gold provider.

Gold sales currently make mood and that means above all: mood of crisis. Many vendors not even afraid to proclaim the imminent end of the euro currency as has happened in May of this year. This of course in order to bring their gold investment among the people, so the experience of free consultants. Unfortunately the gold sales with this strategy succeed, all too often because many Investors rely on the supposed crisis safety of the precious yellow metal. The business of fear seems to work, so the assessment by the free Advisor.

But the free Advisor warns: the fear is the mortal enemy of any rational decision. Almost every decision taken in fear often leads to the loss of wealth astray and in financial matters. For example many people complete purely due to the fear of a disability insurance, according to their terms, they might be never berufsunfahig, know the free consultant from experience. The editors of free consultants are known even more examples: also legal protection insurance are unfortunately often using a fear-mongering sold or which is unjustified in fact. At Gold systems, it is not significantly different according to the experts at the free consultant. The free Advisor warns, as already in the past print editions of the magazine, specifically gold investment.


Various small loans cheap get whether a credit is cheap, depends on several factors. A own creditworthiness plays a role, mostly the so-called SCHUFA score queried for this purpose by the banks. Even for a small loan is then usually not waived, and even with good credit standing is not automatically guaranteed that the Bank granted a loan. Depends on the credit in many cases also, on what terms, the Bank makes an offer of credit. Because each bank uses other evaluation criteria, also the conditions for a credit or micro-credit differ very.

Therefore it is worth always to obtain several quotes and compare. Not always a lower interest rate means automatically that the credit is cheap. Often, costs that are not reflected in the interest rate lead to nasty surprises. Therefore you should make sure whether about service charges and payment fees are incurred or required the simultaneous completion of payment protection insurance, or even a life insurance will. Especially with low credit amounts, such additional costs then bottom line can make a favourable credit becomes an expensive affair. Educate yourself even more with thoughts from Eva Andersson-Dubin. Many banks make subject to the terms of the personal credit of credit interested.

This means: even if the credit is cheap, worse score borrowers pay more than customers with better credit. Through this additional factor worth twice, obtaining offers of several banks for the, and not easy to take the first. In almost every case it is worth, by the way, to replace an existing and often exhausted overdraft on the account with a small loan. Because the overdraft is covered generally with significantly higher interest rates than an installment loan will be paid off over a specified time frame. This will allow new financial freedom, which then leads to a lower burden with interest costs and enables predictive output planning. An overdraft should be always very short invoked, otherwise worthwhile It is, taking out a small loan to think about.