Self liquidating debt
But that’s only a fraction of their holdings, China now has their lowest amount of Treasury holdings since early 2010.
Analysts predicted that trend would continue in November and December, and it did.
The selloffs were a prudent move in which China needed in order to raise funds to protect the Yuan’s value, which is currently being pushed down by capital flight and the rising dollar.
An official from China’s State Administration of Foreign Exchange noted that the reduction in US Treasury holdings was not a strategic move, rather driven by market conditions.
(Natural News) China was recently the largest holder of US treasury securities, but has now lost that title to Japan after China started selling their securities rapidly.
Chinese authorities are sacrificing their coveted position with significant financial and diplomatic value.
After a Debtor has filed a case (i.e., "petition"), creditors must stop all collection efforts against the Debtor for a period of time, unless they get permission from the bankruptcy court to continue. For filing requirements, please refer to the United States Bankruptcy Code (Title 11, United States Code), the Federal Rules of Bankruptcy Procedure (Bankruptcy Rules), and the Local Rules of the U. Bankruptcy Court for the Middle District of Florida. Only a licensed attorney can give you legal advice.
This protection from collection efforts is referred to as the "automatic stay."The Bankruptcy Code and Federal Rules of Bankruptcy Procedure determine which chapter one is eligible to file, which debts can be eliminated, how long repayment must continue, which possessions can be kept, etc. Bankruptcy petition preparation services are listed in the telephone book.
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