Recent Posts in Bankruptcy Basics Category
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Posted on Feb 27, 2017
Bankruptcy, despite its reputation, is a fundamental part of a consumer's arsenal. As the economy grows, it's important for people to have the ability to free themselves from overwhelming ...
Posted on Feb 20, 2014
Safe Haven Animal Sanctuary, contracted to do dog control in Kent County, has filed for bankruptcy, leaving several creditors, including veterinary hospitals and kennels, with their own crushing ...
Posted on Jun 10, 2013
Atari is reportedly seeking $22.2 million in their bankruptcy auction. According to reports, the business will sell off its assets individually over a four-day period. The business is auction property ...
Posted on Apr 4, 2013
PolyMedix Inc. has reportedly filed for Chapter 7 bankruptcy. According to reports, the small biotech company has been struggle with drug clinical trials. It is also reported that the business has had ...
Posted on Jan 17, 2013
The owner of a financial services business, plagued by unpaid creditors and lawsuits relating to years of unpaid loans, has filed for Chapter 7 bankruptcy protection, as reported by The Tribune News. ...
Posted on Jan 9, 2013
Changes in the North Texas wet laws, which added competition in the liquor store market, has been blamed for the recent bankruptcy filing of the Centennial Beverage Group, according to the Star ...
Posted on Dec 13, 2012
As reported by the Spokesman-Review, Idaho Rep. Phil Hart was questioned by a U.S. Justice Department lawyer, mostly in regards to his home, in his now second Chapter 13 filing in Idaho's U.S. ...
Posted on Dec 5, 2012
Plover Development, an affiliate of Englewood Cliffs-based Kennedy Funding, has filed for chapter 11 bankruptcy protection amidst claims that their investment in a failed water theme park property in ...
Posted on Oct 24, 2012
Due to the escalating costs of chicken feed, California-based chicken producer Zacky Farms, LLC, has filed for bankruptcy protection in U.S. Bankruptcy Court in Sacramento, as reported by Bloomberg ...
Posted on Oct 17, 2012
A123 is an automotive battery company that has recently filed for bankruptcy protection. The company received a U.S. grant which was supposed to keep it going, but the money was not enough to move ...
Posted on Oct 10, 2012
Military airline Southern Air Inc. filed for bankruptcy on September 28, as reported by the Wall Street Journal and other media, allegedly due to the withdrawal of U.S. troops from Afghanistan that ...
Posted on Sep 27, 2012
According to Bloomberg, the Metro Fuel Oil company has recently filed for bankruptcy. This company is a provider of heating oil, construction site fueling, and central air conditioning, among other ...
Posted on Sep 19, 2012
When the U.S. Senate candidate Linda McMahon filed for bankruptcy in 1976, they owed nearly $1 million to their 26 creditors. Her bankruptcy records show that she had $955,805 in debt at the time of ...
Posted on Sep 12, 2012
Betsey Johnson LLC filed for bankruptcy back in April when the recession caused a major downslide in sales. The company sells eclectic jewelry, clothes, and purses for moderate to high prices, and is ...
Posted on Sep 6, 2012
Philly Pops is an orchestra in Philadelphia that made history when they declared bankruptcy earlier this year. Thankfully, the presenter for the musical group as approved on Wednesday, and the group ...
Posted on Aug 24, 2012
When Hawker Beechcraft requested that they give executives up to $5.3 million in bonuses, the bankruptcy court they are dealing with refused the idea. They said that the plan simply rewarded employees ...
Posted on Aug 1, 2012
When you are faced with a parent with dementia, things can get tough. The medical bills will skyrocket as you pursue the best methods to help your parent find comfort despite his or her illness, and ...
Posted on Jun 27, 2012
Stockton is the largest U.S. city to ever declare bankruptcy, and it will be a hard blow for residents like city employees. As well, retirees who receive health benefits and pensions will be hurt in ...
Posted on Jun 26, 2012
Arcadia Manufacturing Group Inc. has reportedly exited bankruptcy protection. According to reports, the business allegedly reworked debt payments and will be able to keep its 55 employees. A federal ...
Posted on Jun 22, 2012
The Ark of Safety Christian Church has reportedly filed for bankruptcy protection. According to reports, the church filed for bankruptcy as it has been unable to keep up with mortgage payments and ...
Posted on Jun 13, 2012
The Philadelphia Orchestra may make beautiful music, but if they don’t come up with a better plan to erase their debt they may end up in a financial spiral downward. Already, the orchestra has ...
Posted on Jun 8, 2012
38 Studios is a video game company that was started by a retired Red Sox pitcher named Curt Schilling. For the past few years, the company has been struggling to produce and sell games marketed at ...
Posted on May 18, 2012
Todd McFarlane Productions has reportedly emerged from bankruptcy protection. According to reports, the business was in bankruptcy for more than seven years. Now, the business has been able to pay ...
Posted on May 3, 2012
As reported by the Peninsula Daily News, Poulsbo-based concrete company, Fred Hill Materials, has filed for Chapter 7 bankruptcy in Seattle's U.S. Bankruptcy Court. Allegedly all 42 Employees were ...
Posted on Apr 26, 2012
Elumicor has reportedly exited bankruptcy reorganization. According to reports, the reorganization plan was approved by a bankruptcy judge. Now, the business can reportedly move forward with dealing ...
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