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Hull House files for bankruptcy ... but where will the Devil Baby go?
2012-01-27 17:37:00 As I was reading the Chicago Tribune this morning I came across an article that bothered me for more than one reason. I am speaking about the article by Kate Thayer on page 7 entitled, Hull House sets Friday for closing; bankruptcy.  It caught my attention initially because of the “Hauntings” associated with Hull House... Read more »
Kodak on the Brink of Bankruptcy According to Reports
2012-01-05 08:50:00 This news may sound shocking if you are a Kodak long time user since the company has been around for 131 years (Wall Street Journal). Recent news discloses that Kodak will likely to file protection bankruptcy in the coming weeks. Kodak currently employs 19,000 employees which fate is clearly in limbo while the company finds ...
The Federal Law Enforcers Seem Strangely Silent on Criminal Foreclosure Fra
2012-01-04 10:00:00 Reuters had done some digging to find in the bankruptcy court of New York many discrepancies in the documents submitted by banks in foreclosure matters. Office of U.S. Attorney has a routine follows up criminal charges against small fry. Why is Wall Street fraudsters, despite evidence, conspicuously absent from their list?Do you have a Real Estate blog? Join ForeclosureListings.com Affiliate Program. ForeclosureListings.com has a comprehensive, searchable database of foreclosures in areas like Columbus, Bronx, Derry, Missoula and in the whole country. Try to search foreclosures by state today! The Federal Law Enforcers Seem Strangely Silent on Criminal Foreclosure Fraud
Bankruptcy is Another Alternative for Stopping Foreclosure
2012-01-03 10:00:00 Bankruptcy helps people to stay in their homes and is especially helpful to those ignored by lenders trying to modify their loans. A new programme is scheduled to kick off in Berks County from 1st January that would compel the lenders? representatives to meet directly the borrowers, if the latter so desire it.Do you have a Real Estate blog? Join ForeclosureListings.com Affiliate Program. ForeclosureListings.com has a comprehensive, searchable database of foreclosures in areas like Columbus, Bronx, Derry, Missoula and in the whole country. Try to search foreclosures by state today! Bankruptcy is Another Alternative for Stopping Foreclosure
Fox wins ruling in Dodgers bankruptcy (AP)
2011-12-23 22:40:00 A U.S. District Court judge in Delaware on Friday dealt a significant blow to the Los Angeles Dodgers’ plans to sell the media rights to future games, halting the sales process while he consider an appeal by Fox Sports. Judge Leonard Stark also said he likely will agree with Fox’s position that a bankruptcy judge ...
By: MLB News Blog
6 Bankrupt Celebrities Who Went From Rich to Broke
2011-12-22 00:30:00 Making millions of dollars or having celebrity status doesn’t do much to deter bankruptcy. Between 2008 and 2009, bankruptcy filings for those with more than $1 million in assets increased by 73%, and “Sports Illustrated” says that 78% of former NFL players go bankrupt within two years of retirement. Even some lottery winners go bankrupt ...6 Bankrupt Celebrities Who Went From Rich to Broke is a post from the Money Crashers personal finance blog.
By: Money Crashers
Dodgers? bankruptcy hearing date set (AP)
2011-12-17 00:02:00 A federal district court judge in Delaware has scheduled a hearing next week in an appeal by Fox Sports of a federal bankruptcy judge’s order allowing the Los Angeles Dodgers to sell the media rights to future games. U.S. District Judge Leonard Stark told attorneys at the conclusion of a teleconference Friday that he will ...
By: MLB News Blog
Dodgers get time to file bankruptcy plan (AP)
2011-12-07 20:05:00 A federal bankruptcy judge in Delaware has granted the Los Angeles Dodgers more time to file a bankruptcy reorganization plan. The judge on Wednesday granted six-month extensions giving the Dodgers until April 25 to file a plan and until June 25 to solicit votes on the plan from creditors. The Dodgers’ bankruptcy exit plan calls ...
By: MLB News Blog
With IPOs & Bankruptcy In The Air, Zynga Soars, American Airlines Zags & Al
2011-12-07 01:33:00 There's seems to be a glint of irony taking to the not-so-friendly skies, or so one popular TV-star would like the world to believe. While online gaming giant Zynga hopes to reap between $850 million and $1.15 billion with its impending IPO offering on the Nasdaq Stock Exchange, the venerable American Airlines files Chapter 11 to reorganize its massive debt. So what's the connection between the two companies where one's on an uptick and the other is in dire straits financially? Well? Alec Baldwin, oddly, it seems!
American Airlines Chapter 11 Bankruptcy
2011-11-30 16:42:00 AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation (American Eagle), announced yesterday that it filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.American Airlines passengers should not expect any near-term changes, but the bankruptcy filing may affect their future plans.The Chapter 11 reorganization of American Airlines and its parent company AMR Corp could lead to a shakeup in prices, fewer flights and an altered flying experience.American sent a letter on Tuesday to its frequent flyers saying, "We want to assure you that your AAdvantage miles are secure," and noting its intent to honor existing program awards.Airlines tend to protect their mileage programs throughout bankruptcy, he said, because they make money selling miles to credit card issuers, and even passengers trading in miles fill seats and spend money.American may cut prices to keep planes full ...
Dodgers? bankruptcy hearing pushed back (AP)
2011-11-29 18:17:00 A U.S. bankruptcy judge has delayed a hearing in a dispute between Fox and the Los Angeles Dodgers over the team’s plan to sell future media rights. The hearing had been set for Wednesday but has been rescheduled for Dec. 7. Last week, U.S. Bankruptcy Judge Kevin Gross canceled a hearing on Fox’s request to ...
By: MLB News Blog
TLC Member T-Boz Files for Bankruptcy Again
2011-11-29 02:30:00 TLC band member T-Boz (Tionne Watkins) has filed for bankruptcy for the second time since her first filing in 1995. TLC Perform ?Scrubs/Waterfalls? On American Idol Finale (VIDEO) TMZ has obtained the court papers, which were filed in October, showing that the singer is hoping to rid herself of about $768,643 in debt to creditors. ...
Dodgers bankruptcy judge cancels hearing (AP)
2011-11-21 20:25:00 A Delaware bankruptcy judge has canceled a hearing on a request by Fox Sports to delay consideration of the Los Angeles Dodgers’ plan to sell media rights to future games. The judge was to hear arguments Tuesday on whether to postpone a Nov. 30 hearing on approval of the Dodgers’ proposed sale process.
By: MLB News Blog
Bankruptcy Procedure in Canada
2011-10-29 11:09:00 Every year, many Canadians find themselves with such an overwhelming amount of debt, and thus the need to file for bankruptcy. Bankruptcy is a legal process that provides debt relief for those who can no longer pay their creditors, allowing them to imm...
Eastman Kodak Weighing Options Including A Bankruptcy Filing...
2011-10-01 10:26:00 End of an era!!Eastman Kodak Co. (EK), the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process. Some potential buyers of the patents are reluctant to proceed with bids because a purchase may amount to a so-called fraudulent transfer if Kodak becomes insolvent, said the people, who asked not to be named because the talks are private. A number of suitors, such as Google Inc. (GOOG), have signed confidentiality agreements to examine the assets, said these people. If a sale were judged a fraudulent transfer, creditors could later sue for more money, said one of the people. A bankruptcy filing may help clear the way for the patent sale, said the people. The sale could fetch about $3 billion, according to estimates from MDB Capital Group. Kodak has discussed its options with law firms Kirkland & Ellis LLP a...
By: Rant About It
7) Your last resort ? file for bankruptcy.
2011-08-13 22:38:00 Never ever swipe the cards when you have zero income. The interest you pay is definitely much lower than the interest you have to pay to the creditors. 5) Apply for a debt consolidation loan if you don’t have other sources of fund 6) Face your creditors with a ...
How To Remove A Bankruptcy From Your Credit Report
2011-08-13 09:15:00 Credit Tip! Residents of Colorado, Maryland, Massachusetts, New Jersey, and Vermont are entitled by state law to one free credit report from a credit-reporting agency per year. Residents of Georgia are entitled to two free credit reports. Credit report repair can be a long, tedious process and one of the hardest items to get removed is ...
Bankruptcy is certainly not the best way to handle debt.
2011-07-17 21:12:00 The economic crisis has brought this company into the negative very unexpected. Recession and financial incentives from the government programs are largely responsible for the credit card debt relief worth. They will receive their commission on the amount saved. The incentive offered money to buy consumer debt is that debt relief programs ...
Life After Bankruptcy: Episode 1 of The Invested Life on MSNBC
2011-04-17 22:57:00 This is the first blog following the reality show, The Invested Life on MSNBC and sponsored by TD Ameritrade, where Financial Coach Matt Sapaula is taking Tom Stanley, a prominent real estate investor, from financial disaster to recovery. In this episode, we meet Tom Stanley, who, as a real estate investor/developer has seen his share of ups and downs, first suffering from losses in the market during the tech boom to a more recent setback with the housing market - culminating in the loss of half a million in assets and forcing him to bankruptcy. Tom personifies many investors in the market today. The economy's unpredictable swings have taken a toll on our most treasured assets, forcing us to dip...
Eliminate credit card debt ? Bankruptcy is a way to get rid of debt.
2011-01-23 05:21:00 Now all are effective ways to solve this problem and to try more aggressive methods leave their financial problems and get out of debt faster with the right to reduce debt. Be very careful if this election is debt reduction as well, for the evil that causes more problems to solve their economic problems. This ...
RHODC News: Today's Cirque du Salahi Includes Auctions and Bankruptcy!
2010-10-02 20:44:00 Can I bill the hours on a Saturday I'm having to work because of these two? Good Grief. So ALLEGED Party Crasher's Tareq and Michaele Salahi..aka..Tork the Dork and Shelley Salamiâ„¢ are in the news twice right now for two reasons...1. The infamous red sari Shelley wore to the White House was auctioned today for $3 $560,000 $12.35 $219... $7,000. With the proceeds going to benefit The Salahi's The National MS Foundation and the Bush Clinton Haiti Fund. So that's nice and all. Kind of a "Sari" amount...get it? Bwahaha!2. Savior of India, America's Polo Cup, has filed for Bankruptcy. You can read all about the details here. Details bore me on Saturdays. But really? How does a goat rodeo...
Teresa Giudice Bankruptcy Auction is Off!
2010-10-01 22:41:00 Man! Again? I seriously wanted those candlesticks! Now I'm going to have to go to Pier One and buy my own I guess. There goes Teresa killing my dreams again. So as has been reported, and Teresa is clogging my Facebook feed with, the Bankruptcy auction has been canceled for this Sunday. Instead there will be a private sale held instead. Lawyer's for the Giudices argued that a public auction would not bring in enough money to pay anyone, and Teresa and Joe would be entitled to about $55k of the profits anyway. So there will be a high end private sale coming in the future. Not quite sure why there's a celebration and all but I guess, yay, no...
Octomom Facing Bankruptcy and Foreclosure
2010-09-19 19:41:00 Despite the reality show; countless donations; $1 million dollar offer to star in a porn; creepy-Angelina Jolie-like plastic surgery--Octomom is reportedly BROKE. Nadya Suleman is a single mom with 14 children conceived by- in-vitro fertilization. ...
Avoid Filling Bankruptcy ? Avoid Filing Bankruptcy With Legitimate Debt Rel
2010-09-06 08:01:00 We must realize that now must be extremely cautious in their spending money, because every now and just before it will be easy and convenient for consumers. Sword, which occurred in recent years have a lasting effect, no one can tell if you're going to have the good old days back when it was too ... Further information to read:Personal Debt Relief Help – How to Avoid Bankruptcy and Eliminate Unsecured Debt In the current economic conditions there is no other way to seek the help of debt relief personal when people... Filing For Bankruptcy and Secured Debts As a consumer, introducing a Chapter 7 bankruptcy, you must meet certain income requirements. If you do not meet these... Debt Settlements – How to Avoid Getting Scammed and Find the Most Legitimate Debt Relief Companies The main reason behind the popularity of debt settlements is the presently weak economic situation of the United States. People...
Starting Over: Tips for Dealing with Bankruptcy & Foreclosure
2010-08-20 22:14:00 Bankruptcy fillings have been going up steadily in the United States as our economy worsens, but only roughly where they were before the BAPCPA bubble in 2005. Yet, the Mortgage Bankers Association announced a new all-time high for mortgage default or foreclosure rates in home, with the combined rate coming in at 9.7%, with expectations it will exceed over 10%. Data supports that bankruptcies will be on the increase as delinquencies continue and more people find it impossible to pay their mortgage and credit cards. The sluggish economy offers no immediate solutions as job creation continues to be anemic. While being interviewed on a radio show this morning, the host asked me if I had known...
Filing For Bankruptcy and Secured Debts
2010-08-04 08:06:00 As a consumer, introducing a Chapter 7 bankruptcy, you must meet certain income requirements. If you do not meet these requirements, the judge decides that you can not apply for bankruptcy. income requirements of law based on a combination of your income, monthly expenses and the total debt load. Courts of each state, using a ... Further information to read:Secured Debt Consolidation Loansget rid of previous debts in one go Currently, loans are increasingly taking advantage of easy, many borrowers now a known issue expenses exceeded income. Take credit for... Integrating Debts For You – Secured Debt Consolidation Loan The credit market is growing as people increasingly dependent on loans to their wishes fulfilled. This is because it can... Secured Debt Consolidation Loan Secures Your Future Financing Are you afraid to answer the phone, as they may be forced to explain why they have not done your...
Bankruptcy and Unsecured Debt
2010-08-03 08:04:00 Introduction Chapter 7 redemption, you must have both secured and unsecured debts. The purpose for the bankruptcy court may provide notice of their property may be sold to repay creditors.In case of insured property in this case, the creditor may be entitled to compensation for the property. In the case of goods, does not guarantee, ... Further information to read:Debt Reduction Vs Bankruptcy – Which Debt Relief Option Should You Choose? In my opinion, this is not a comparison. Bankruptcy should be compared with death. Just as nobody wants to die,... Unsecured Debt Consolidation – Get Rid of Unsecured Debts As Soon As You Can The unsecured debt is one of the main causes of the financial problems faced by people today. The unsecured debt... Personal Debt Relief Help – How to Avoid Bankruptcy and Eliminate Unsecured Debt In the current economic conditions there is no other way to seek the help of debt relief personal when people...
Christian Lacroix ?s bankruptcy
2010-07-30 08:42:00 No buyer for Christian Lacroix after bankruptcy. FRENCH fashion house Christian Lacroix, which are necessary for the claimant to pay the sales realized in the specified time results could not be sold. French trade to the bankruptcy court last may?sda fashion house that offers a United Arab Emirates sheik and the French company had aspired. However, ... Related posts:Cem Uzan made application for asylum French Foreign: Cem Uzan made application for asylum PARIS October...Europe’s most valuable football brands Fenerbahçe, ‘Europe’s most valuable football brands’ entry to search. Brand...Saab has remained in the hands of GM, Chinese did not stop watching Saab, GM has remained in the hands, the Chinese did...
Credit Card Debt Bankruptcy ? Why Bankruptcy is Not the Best Way to Elimina
2010-05-03 14:29:00 Would you use a gun you have at home to shoot a mosquito? Would you use an axe to kill a bed bug? Why not? No, this is not a joke. The answer to this question will have significant impact on your finances. Surprised? How can killing a mosquito with a gun or shooting a bed bug with an axe change the way you manage your finances?
Personal Debt Relief Help ? How to Avoid Bankruptcy and Eliminate Unsecured
2010-04-30 16:41:00 In the current economic conditions there is no other way to seek the help of debt relief personal when people are faced with the problem of paying unsecured debt. There are many options available for personal assistance on debt reduction, such as debt consolidation loans, debt consolidation, credit counseling, bankruptcy (Chapter 7, Chapter 13), credit ... Further information to read:Small Business Debt Relief – Options and Opportunities to Eliminate Unsecured Debt Operating a small business isn’t easy – and this is especially true when that business is in dire need of... Personal Debt Relief – Bankruptcy Vs Debt Relief When people are confronted with huge sums of unsecured liabilities they think the only option to get out of liability... Debt Consolidation With Unsecured Personal Loans Everyone knows how quickly monthly credit payments can add up. Between credit, consolidate credit card debt, cards, auto loans and...
Best Place For Pirated Hindi Movies Veoh.com – Files For Bankruptcy
2010-02-17 10:51:00 This comes as a great shock , one of the best sources for streaming pirated hindi movies and once Youtube competitor Veoh has filed for bankruptcy. In a parting letter Dmitry Shapiro, Founder and CEO, Veoh Networks wrote Two years ago, Universal Music Group (UMG), the largest music company in the world sued Veoh alleging copyright infringement. While we made every effort to convince them that we were not their enemy and had not infringed on their content, they pursued a relentless war of attrition against us in federal court. We eventually prevailed in a decisive summary judgment that has set an important precedent for the entire industry. Unfortunately, great vision, a passionate team, tens of millions of users, millions in revenues and victory in court were not enough. The distraction of the legal battles, and the challenges of the broader macro-economic climate have led to our Chapter 7 bankruptcy. Veoh had to file bankruptcy succumbing to the copy right law suits despit...
By: WATblog
Cubs Bankruptcy is Approved
2009-10-13 23:48:00 A Delaware judge has approved the Cubs sale from Tribune Company to the Ricketts family paving the way for the sale to close late next week and for the family to take control of the franchise.Here are the details of the announcement on the bankruptcy approval by Judge Kevin Carey who is handling the entire Tribune case. Tune into Chicago Tribune Live at 5:30 on Comcast SportsNet and Sports Central on WGN Radio at 7:00 p.m.for more on the process and when the deal should close and what moves could be made first by the new ownership group....
Bankruptcy In Haiku: Cubs File Chapter 11
2009-10-12 22:50:00 Not unexpectedCubs make bankruptcy filingInsert lame jokes hereAs reported by the Tribune, there are no financial problems:While bankruptcy typically implies debt issues, the Cubs are not in financial trouble. Rather its filing is connected to Tribune Co.'s own Chapter 11 bankruptcy case that began in December.They're just trying to make creditors comfortable:Now that Tribune Co. has finalized a deal to sell the team to the Ricketts family, it is passing the Cubs through bankruptcy court to give the new owners comfort that the creditors in the original case have no claim against the sold company.And it's not going to last long:The Cubs' stay in bankruptcy is expected to last just one day. The bankruptcy judge in the Tribune Co. case...
Insider's guide to Bankruptcy: The IRS
2009-10-06 21:40:00 We owe the IRS money. Back income taxes. They know this. We know this. We know they know and they know we know and we know you know... so there's no reason to tiptoe around it....
Audit Integrity Announces Results of Corporate Bankruptcy Study; Identifies
2009-09-21 12:00:00 CBS, Sirius, Libert Media... etc.
By: Adrian Monck
Declaring Bankruptcy ? Old Remedy for Student Loans
2009-08-22 07:00:00 Back in the 1970s, filing for bankruptcy on student loans was effective at evading repayment to federal lenders. This practice not only impacted the future of the graduate, but also taxpayers. An estimated four hundred dollars comes from the average taxpayer annually to pay for student loan ba
10 Money Tips for Young Entrepreneurs to Avoid ?Premature Bankruptcy?
2009-08-19 17:04:00 Premature bankruptcy is a joke, no offense. Starting out young is wonderful, starting out young makes you a shining star among the crowd and starting out young means you are reaping the advantages that the world offers much earlier. However, being a young entrepreneur can be disastrous if you don?t keep a close eye ...
The Latest on the Sale and the Bankruptcy Filing
2009-07-13 23:57:00 This morning I reported that the long discussed sale of the Chicago Cubs to the Ricketts family is almost complete and needs approval from a bankruptcy judge and a vote of the MLB owners to make it official.Here is the latest on the deal and what you can expect to see over the next several weeks....The Ricketts family has a verbal agreement that they and their attorneys are very comfortable with and while it technically is not a signed deal it will head off to the bankruptcy court very soon where it is expected to receive approval fairly quickly. The Cubs bankruptcy is related to the Tribune's filing and by going through the process it will give the Ricketts a...
Medical Bankruptcy: Who's Responsible?
2009-07-07 00:29:00 I think medical bankruptcy is more a reflection of middle-class financial immaturity than it is an indictment of our health care system. OK Calm down for a minute. Hear me out. According to the popular media, middle-class American families, most with private health insurance, are being forced into bankruptcy because of their medical bills. "Insured, but Bankrupted by Health Crises" writes the NY Times. There have been scores of stories like this in the past month based on the Himmelstein, Harvard University study. The story alarms us because most of us consider ourselves to be middle-class and most of us have health insurance. We thought we were protected from medical catastrophe. Many supporters of a single-payer government health plan say this story supports their case for government health insurance. The following story is fictional, but conforms to the statistical facts of the Harvard study. A year ago John and his wife, Ronnie, earned a combined $85,000 yearly. Living in hig...
Hotel-giant-Extended-Stay has filed bankruptcy
2009-06-15 22:38:00 Manhattan,New York ~ Extended Stay Hotels LLC files Chapter 11 bankruptcy. The South Carolina(Spartanburg) company's brands include Extended Stay America Efficiency Studios,Crossland Economy Studios, StudioPLUS Deluxe Studios,Homestead Studio Suites and Extended Stay Deluxe. The hotel operates over 650 hotels in the U.S and Canada mostly accommodating long-term business travellers.The recession has hit many hotel chains hard.Its seems to be a ripple effect goingon.Extended Stay's hotels are managed by HVM LLC, an affiliate that employs about 10,000 people at any given time to run the day-to-day operations at the hotels, court filings showed.New Jersey-based Lightstone Group LLC bought Extended Stay from private-equity firm Blackstone Group LP in June last year, shortly before global credit markets began a tightening from which they have yet to recover.The company have no plans to close or sell its hotels.Extended Stay listed assets of about $7.1 billion and liabilities of about $7...
CMS: Back from bankruptcy
2009-05-29 13:00:00 "The road back from near bankruptcy in 2002 for CMS Energy (NYSE: CMS) has been a rocky one," says Roger Conrad, Here's an update from his specialty service, The Utility Forecaster."From Three Mile Island to the Enron meltdown, utilities have always recovered from disaster by cutting debt and operating risk and repairing regulatory relations."Last fall, the shares of CMS Energy -- our latest featured growth stock -- plunged from high teens to single digits on recession worries in embattled Michigan."Ironically, CMS’ underlying business is healthier than at any time since the late 1990s. Fueled by regulator-sanctioned infrastructure investment, 2008 earnings beat targets and stayed on track for 6 to 8% annual growth. The company also slashed debt interest by 10.5% and boosted its distribution 38.9%."An upcoming rate case in Michigan will test utility/regulator relations. CMS has asked for $215 million (11%) to finance new power lines, cut pollu...
Understanding Chapter 13 Bankruptcy
2009-05-15 17:03:00 Chapter 13 Bankruptcy filing is for individuals in the United States to undergo a financial reorganization, which is supervised by a Federal Bankruptcy Court. The individual who is badly in debt can file for Bankruptcy either under Chapter 7 or Chapter 13 or Chapter 11. The debtor chooses under which Chapter he or she is ...
By: cash For Debt
Las Vegas Resort Creates Corporate Restructuring Avoiding Bankruptcy
2009-05-15 08:51:00 Las Vegas resort creates corporate restructuring plan for debt issues. MGM Mirage created a four level plan to help the company keep of their Las Vegas hotels and avoiding bankruptcy. First, a complicated bond and stock offering will raise $2.5 billion for the resort and gaming operator. The financial assistance was ok?d by their lenders, billionaire financier ...
Las Vegas High Rise Condo Filed For Bankruptcy Protection This Week
2009-05-01 08:50:00 Las Vegas high rise condo filed for bankruptcy protection this week. The 21 story downtown luxury condominium project filed for Chapter 11 bankruptcy protection. Real estate developer Dusty Allen for Streamline Tower racked up approximately $125 million in construction costs of the 275 unit high rise. Corus Bank of Chicago financed the downtown development. The finalization of ...
Bankruptcy lawyer wrote a new blog post: Bankruptcy Recovery Las Vegas Neva
2009-04-24 14:10:00 Bankruptcy lawyer wrote a new blog post: Bankruptcy Recovery Las Vegas Nevada Bad Debt Bankruptcy offer Foreclosure Bankruptcy, Credit after Bankruptcy LA, Home Loans after a Bankruptcy, Car Loans after Bankruptcy, Life After Bankruptcy, Bankruptcy Solutions, Auto Loan after Bankruptcy. By 'bankruptcylawyer'
Las Vegas Gaming Company Could Be Forced To File Bankruptcy This Week
2009-04-01 08:51:00 Las Vegas gaming company could be forced to file bankruptcy this week due to the missed $4 million interest payment due yesterday. Riviera Las Vegas has no plans on paying Wachovia Bank their financial obligation. This would be the third Las Vegas gaming company forced to file this year. Riviera Holdings Corp. will face default is ...
GM and Chrysler - Last Exit Before Bankruptcy
2009-03-30 22:28:00 McClatchy is reporting as follows: President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability. The government sought the departure of GM chief Rick Wagoner ...
By: BuffaloPundit
Atlanta Bankruptcy Rates Expected To Climb In Continuing Economic Decline
2009-03-05 03:34:00 To many Georgia residents, it's no surprise Atlanta ranked 8th in the nation on the Forbes.com list of metropolitan areas with the worst housing markets. The first quarter of 2009 has been a continuation of the declines the area saw through most of 2008. Jobless rates are the highest they have been in the history of the state, and foreclosure rates continue to climb.Bankruptcy attorneys and financial experts expect that bankruptcy rates will continue to climb until the economy turns around.Atlanta bankruptcy attorney Matt Berry says that many people may not understand bankruptcy or are not fully aware of the protections that it provides them.?If you are facing heavy financial burdens, the first thing you should do is talk with a bankruptcy lawyer,? Berry suggested. ?An attorney will have a deeper understanding of the different aspects of the law, and the advice that you get will allow you to make informed and educated decisions about your financial future.?Essentially, Berry explai...
Filing Bankruptcy In Texas: What Can You Keep?
2009-02-27 20:20:00 Keeping your stuff is probably important to you. Faced with financial obligations that you are unable to pay, understanding the exemptions available in bankruptcy can help you take steps to preserve as many of your belongings as possible in a chapter 7 bankruptcy case.In the State of Texas, both federal and state bankruptcy exemptions are available for those filing bankruptcy. There are some limits on certain exemptions such as equity that you have in a home or in a vehicle.The law office of Robert A. Higgins and Associates, with convenient locations in the Dallas Fort Worth Metroplex has offered assistance to hundreds of clients looking for a way out of debt. Below is a brief summary of the exemptions available to those who file bankruptcy in Texas.Homestead: Unlimited, although, property cannot exceed 10 acres in town, village, city, or 100 acres elsewhere (200 per family). Sale proceeds exempt for 6 months after sale.Pensions: Tax-exempt retirement accounts, traditional and Roth ...
Station Casinos Asks BondHolders For Chapter 11 Bankruptcy Approval
2009-02-19 08:51:00 Station Casinos Las Vegas casino operator skips $15.5 million debt payment this week on their commercial real estate. According to the Securities and Exchange Commission this is the second time this month Station Casinos has missed a payment. A lawsuit was filed last week against Station Casinos which stated the bankruptcy was ?without merit? by an ... |
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