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Blog Posts in November, 2010

Foreclosures Decrease in Texas during Third Quarter

Some states are able to report that their foreclosure rate is actually decreasing, like Texas could in the third quarter. The foreclosure rate on residential mortgages in Texas fell from 1.95 percent ...
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Bankruptcies Increase by 13.5% in 2010

During the fiscal year 2010, which ended on September 30th, bankruptcies rose 13.8 percent higher than last fiscal year. That amounts to an extra 1,596, 355 bankruptcies last year. These statistics ...
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Texas Lawsuit Continues in spite of Chapter 7 Conversion

The Texas Attorney General's office is proceeding with a lawsuit against Telligenix, an affiliate of Dynetech Corporation, in spite of the Dynetech founder Laurence Pino's move to convert his firm and ...
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Do You Have to Disclose All Your Debt When Filing for Bankruptcy?

If you are planning to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy , you absolutely must list all of your debt on your bankruptcy schedules. Even debt you know is non-dischargeable or ...
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Kentwood Pharmacies Files for Chapter 7 Bankruptcy

Last week, Kentwood Pharmacies was subjected to a raid by federal agents. Now, new sources say that was just one of the company's many worries as the organization filed for Chapter 7 bankruptcy this ...
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Seda France Inc. Files for Bankruptcy

On October 18 th , 2010, candle manufacturer Seda France Inc. filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The filing came only 4 days after a lawsuit filed in Harris County ...
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Former President of Cameron Financial Files for Chapter 7

The former president of Cameron Financial, now non-existent mortgage issuer, filed for Chapter 7 bankruptcy . Shannon Farries and wife Olivia Faries are listing $33.1 million in debt against their ...
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ACORN Decides to Pursue Bankruptcy

The Association of Community Organizations For Reform Now, or ACORN, a voting organization that works in large cities and for the poor, now finds itself filing for bankruptcy . However, despite court ...
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Bankruptcy Filings in South-Central Texas Plunge 21%

The number of bankruptcy filings in South-Central Texas plummeted 21 percent in October of 2010, as compared to the number of filings from October of 2009. The number of fillings in September of this ...
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Will Bankruptcy Stop Wage Garnishment?

There are particular situations where a creditor or debt collection agency may garnish a debtor's wages as the result of a debt collection lawsuit. This action is taken in order to recover the money ...
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Former Treasurer Files for Chapter 7

This week, it was reported that the former treasurer of a small Southwest Missouri village filed for Chapter 7 bankruptcy . Prior to filing for bankruptcy, the former treasurer was found guilty of ...
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From Bankruptcy to the World Series

In five short months, the Texas Rangers went from bankruptcy to playing in the World Series. The Texas Rangers filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code in May of 2010. The ...
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Gulfstream International Group Files for Bankruptcy Protection

On Thursday, it was announced that Gulfstream International Group and its Gulfstream International Airlines would move forward with filing for Chapter 11 bankruptcy protection. The company, which is a ...
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