South Florida Personal Bankruptcy Filings Drop in 2011
So here is a classic good news / bad news scenario. The good news is that South Florida personal bankruptcy filings dropped in 2011. The bad news is, that is not necessarily a good thing. As is most any economic news these days, the drop in personal [...]
Joe’s Sports, Outdoor and More Bankruptcy Leads to Financial Aid for Former Employees
An OregonLive article mentions that the U.S. Labor Department has put another $165,000 towards retaining employees of bankruptcy Joe’s Sports, Outdoor and More. The article states that many of the 1,600 employees without work were over 50 and had “spent most [...]
Hostess Files for Chapter 11 Bankruptcy
For the second time in the last few years, Hostess had filed for Chapter 11 bankruptcy protection. The iconic maker of snack treats has faced pressures related to it’s labor contracts, union agreements, and pensions, reports the Los Angeles Times. Even though the manufacturer had revenues of over [...]
Continue Reading →New Jersey Loses Jobs in Bankruptcy of Sportcraft
Sportcraft, which makes recreational sport game tables for homes, filed for Chapter 7 bankruptcy protection according to a New York Times report. The New York Times mentions that Sportcraft, being a smaller company, was likely subject to a great deal of pricing pressures from Wal Mart [...]
Continue Reading →Nebraska bankruptcy filings see drop
Bankruptcy filings in Nebraska dropped a great deal from a 12 month period ending in September 2011 compared to a 12 month period ending in September 2010. This drop was seen in both Chapter 7 and Chapter 13 bankruptcy filings, both used in consumer debt issues. Chapter 13 bankruptcy filings [...]
Continue Reading →Maine Bankruptcy Filings Down 2010 to 2011
Bankruptcy courts in Maine are reporting fewer Chapter 7 and Chapter 13 filings this year compared to last year. Chapter 7 and Chapter 13 bankruptcy filings are for consumer bankruptcy. Such news is certainly good in an otherwise ambiguous economic environment. These trends follow most of the [...]
Continue Reading →“I have a friend” bankruptcy question and answer session
Do you have a friend or family member that needs to consider bankruptcy to restart their finances? Do they have questions about their options? Please feel free to submit your questions here. We will help answer questions in an email-to-email format, a forum format, or via [...]
Continue Reading →Texas Bankrupty Rates Fall
Bankruptcy filings have fallen according to a report here citing court bankruptcy filings in the South-Central Texas district for Novemeber 2011. The drop is quite dramatic as filings appear to have dropped 41 percent from October this year and about 33 percent from November 2010. These types of numbers are [...]
Continue Reading →Become well-acquainted with bankruptcy before you file
Quick fixes and do-it-yourself options are available for a variety of things in the world. However, some things demand better attention and, in many cases, professional direction. When your finances go sour for any of a variety of reasons, taking time to educate yourself on available options is [...]
Continue Reading →Buffalo New Notes New York Bankruptcies on a Downward Trend, Follows National Average
A Buffalo News report notes that the Western District court of New York has seen a decline in bankruptcy filings of about 20 percent comparing October 2011 with October 2010. This decline follows national averages all over the country of double-digit [...]
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