Not exact matches
A product of the largest private equity deal ever, Energy Future (formerly TXU) is heavy with
debt and struggling to compete, since the boom in natural
gas production has put a lid on
electricity prices.
When interest rates rise the shares of service providers like
electricity and gas also seems to be doubtful due to lots of
debt.
You might have categories for auto (fuel, repairs, insurance), groceries,
debt repayment (credit cards, loans), entertainment (cable tv, newspapers, books, movies, dining out), utilities (
electricity, phone, water,
gas), household (lawn, garbage disposal, repairs), pets, personal grooming, clothing,
and other categories.
Treat
gas and electricity arrears as priority
debts.
All outstanding
electricity,
gas and telephone bills at the date of bankruptcy are treated as ordinary
debts and included in your bankruptcy.
Use this letter to help you negotiate with your domestic
electricity or
gas supplier to agree payments you can afford to cover your current energy bills
and repayments on the energy
debt you owe.
If you can't agree on a new repayment arrangement with your credit provider, or want more information about speaking to household utility providers (for
gas, phone, water
and electricity), read about hardship variations on trouble with
debt.
3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential
and priority expenditure (things like rent or mortgage,
gas,
electricity, food, transport to work
and any repayments towards loans that secured against an asset such as your home), unsecured
debts (such as credit cards, overdrafts
and personal loans)
and assets (things you own that have a saleable value, such as property
and cars).
Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about carbon - pricing, the report recommends that in order to avoid adding to the Federal
debt, it would be necessary to impose new taxes, including increased royalties for oil
and gas extraction, a tax on imported oil, a tax on
electricity sales,
and a «very small carbon price» (presumably from a modest carbon tax or unambitious cap -
and - trade system).
The
debts that you should pay first include your rent or mortgage, rates or council tax arrears
and gas and electricity bills.