Blog Posts in August, 2009
Posted on Aug 26, 2009
The producers of the summer blockbuster hit, Terminator Salvation, filed for Chapter 11 bankruptcy protection the same day they sued their primary investor, Pacificor, a hedge fund company in Santa ...
Posted on Aug 25, 2009
This past Friday, a plan was filed and called for Six Flags creditors to own a majority stake in the company when it emerges from Chapter 11 bankruptcy protection. Six Flags is a chain of large-scale ...
Posted on Aug 24, 2009
The publisher of Reader's Digest, the well-known pocket-sized publication, is planning to file for Chapter 11 bankruptcy protection in an effort to reduce its debt by 75 percent. The publisher is ...
Posted on Aug 22, 2009
In southwestern Illinois, a village by the name of St. Clair County has filed for Chapter 9 bankruptcy. According to reports, the village faced multiple debts with various organizations, including ...
Posted on Aug 20, 2009
Mega Media Group, Inc, the Brooklyn-based company that operates dance music station Pulse 87 in New York, has filed for bankruptcy protection under Chapter 11. The bankruptcy filing comes just three ...
Posted on Aug 20, 2009
Gordon Ramsey, a celebrity chef from Britain, appears to be the most recent victim of the faltering economy. According to the chef, he has been facing bankruptcy after profits plunged on his ...
Posted on Aug 17, 2009
People throughout the country are being hit hard by the tough economy, with individuals, families, and businesses in all fifty states struggling to say current on their bills and keep their debts ...
Posted on Aug 14, 2009
The Journal Register Company, a Pennsylvania-based newspaper company, has emerged from a Chapter 11 bankruptcy filing. The company, which filed for bankruptcy protection in February of this year, has ...
Posted on Aug 13, 2009
Today, it has been reported that Starfire Systems Inc. has filed for Chapter 11 bankruptcy. Starfire is a manufacturing company that is based in Malta, New York that services the aerospace and ...
Posted on Aug 12, 2009
According to ConsumerAffairs.com, consumer bankruptcy filings in the United States are at an all-time high since the new bankruptcy laws took effect in 2005. A total of 126,434 bankruptcy petitions ...
Posted on Aug 12, 2009
According to ConsumerAffairs.com, consumer bankruptcy filings in the United States are at an all-time high since the new bankruptcy laws took effect in 2005. A total of 126,434 bankruptcy petitions ...
Posted on Aug 10, 2009
Under Chapter 13 bankruptcy, all of a homeowner's debt will be consolidated into one lump sum, which is to be paid off over time. The homeowner will then be required to make payments toward this lump ...
Posted on Aug 7, 2009
While both Chapter 7 and Chapter 13 are viable options for people seeking bankruptcy protection, there are differences you should be aware of if you are considering bankruptcy as an option for ...
Posted on Aug 6, 2009
In Atlanta, it is reported that many homeowners are choosing to file for bankruptcy in order to avoid foreclosure. It has been revealed that a surprising amount of homeowners are choosing bankruptcy ...
Posted on Aug 3, 2009
Today, it is being reported that Cooper-Standard Automotive Inc. has filed for Chapter 11 bankruptcy. Cooper-Standard will be joining other parts makers who have filed for bankruptcy this past year ...