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Blog Posts in April, 2011

Home Lind Inds. Forced to File Chapter 7

After falling way behind on their payments, Home Lind Inds. was forced to file for Chapter 7 bankruptcy by three of its creditors. The involuntary petition was entered into the U.S. District Court in ...
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Bonus Planned Approved during Borders' Bankruptcy Trial

A breakthrough in the Borders Group Inc. Chapter 11 bankruptcy trial came this week when an amended executive bonus plan was approved. On April 14 Borders had proposed the bonus payments, but they ...
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Texas Below National Foreclosure Rate

The Federal Reserve Bank of Dallas announced this week that stable home prices and fewer exotic loan products are to thank for preventing the state's economy from dipping any lower. However, Texas ...
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Chapter 7 & Your Credit Card Debt

Are you considering bankruptcy but wondering how it will affect your credit card debt ? Depending on the type of bankruptcy that you file for, it can affect your debt in different ways. In most cases, ...
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Many Employees Quit Jobs at Borders due to Company's Bankruptcy

Court documents filed for Borders' Chapter 11 bankruptcy showed that dozens of corporate employees have already quit their jobs with the failing company. According to The Detroit News, "Of the 47 ...
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Stalled Paperwork Impacts Foreclosures

Stalled paperwork is to blame, or thank, for a drop in foreclosure filings over the first three months of this year. According to RealtyTrac, home repossession filings were down 30 percent for the ...
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Qualifying for Chapter 13

More and more people are attempting to file for bankruptcy after learning that they can wipe their debts clean. What most of these people don't know, however, is that not everyone will qualify for ...
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What is Bankruptcy Fraud?

As the economy struggles to repair itself, thousands of individuals and homeowners are turning to bankruptcy as a last-ditch effort to solve their financial problems. However, there are also those who ...
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Blockbuster Continues to Close Stores

Blockbuster Inc. announced that it will start closing an additional 186 stores by the end of the month, making the total closed across the country 1,145 locations. This represents nearly one-third of ...
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Jefferson County to Meet with Lawmakers in an Attempt to Avoid Bankruptcy

After a court allowed a local tax, officials with Alabama's Jefferson County will meet with state lawmakers to discuss how they can avoid filing for bankruptcy. If they are forced to file, this would ...
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