John Hempton questions Paul Krugman’s explanation of why banks like Citigroup are already effectively bankrupt, even though they’re still in business. Krugman says that as soon as a bank’s liabilities ...

Dear Tax Talk, We are in the process of being foreclosed upon on my primary home and our one and only rental house. Our tax adviser said that we may be able to claim insolvency. Otherwise we will ...

The current controversy over cutting Social Security benefits is driven by a single fact: The Social Security program is projected to be insolvent in little more than a decade unless Congress takes ...

The recent legislative package known as the One Big Beautiful Bill Act (OBBBA) has had an immediate and worrying effect on the financial stability of Social Security. According to the report by the ...

A subsidiary is a legal entity that issues its own stock and is a separate and distinct operating business that is owned by a parent company. The stock of the subsidiary is an asset on the balance ...

John and Mary Benbow, 67, and 68, respectively, of La Jolla, shown holding his finger over his social security number on his Medicare card (Photo by Allen J. Schaben/Los Angeles Times via Getty Images ...

You see, we haven't a chance, really. There are too many things that we do not understand. We were watching that excellent fellow Jim Stafford, the Personal Insolvency Practitioner, on Six One. And ...

When Suntech defaulted on $541 million of convertible U.S. bonds in March, solar players across the world were watching. The very public, and long-expected, failure of the former poster boy of solar, ...