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Recent Posts in Bankruptcy in the News Category

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Los Angeles Baseball Team Entering Final Stages of Reorganization

After months of fighting over the details of a bankruptcy settlement, a Los Angeles baseball team is in the final stages of presenting its reorganization plan. It took months for the owner of the team ...
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Financial Expert Believes More Companies will File for Bankruptcy in 2012

A financial expert has come forward to say that in 2012 we will see even more corporate bankruptcies filed. After reviewing the report published by the financier, several other economic experts have ...
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Municipal Bankruptcy will Proceed Despite Creditor's Objection

Since the economy took a major plunge several years ago, thousands of individuals and businesses have been forced to file for bankruptcy . Entire counties have also been forced to file, such as ...
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End of Year Bankruptcy Stats Optimistic

The end of year figures for bankruptcy is giving financial experts hope that the country will soon be financially healthy. Bankruptcy filings showed a six-year low in several areas of the country ...
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Hip Hop Musician Files for Chapter 7

Think that all rappers are rolling in the dough? Think again. One once-famous rapper did not take care of his finances and has had to file for Chapter 7 bankruptcy as a result. According to the latest ...
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Car Maker Announces Bankruptcy to the Public

A Swedish automaker has finally given up hope that it will secure the loan it needs. The company announced last week that it would be filing for bankruptcy . The company was purchased by an American ...
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Builder Proceeds with Chapter 11 Even After Getting a Loan

After accepting a large loan from a financial group, a builder has decided to file for Chapter 11 bankruptcy. This came as a surprise to shareholders that thought the loan would be substantial enough ...
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Oil Company Faces Bankruptcy

Despite the global need for oil and petroleum, one company was forced to file for bankruptcy this month. As a result of the bankruptcy filing, its shares plummeted 45 percent when news of the ...
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Firm Accepts Loan to Finish Bankruptcy

In order to complete its Chapter 11 bankruptcy filing, a global brokerage firm has accepted a loan of $21 million. This money was approved for use by a bankruptcy judge this week and is expected to go ...
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Airplane Company Waiting for Bankruptcy Judge's Decision

An airplane maker is waiting anxiously for its order of 100 planes to be approved by a bankruptcy judge. Since the company that has ordered the planes is owned by a parent company that is currently ...
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City Struggling to File for Bankruptcy

One city is fighting to file for bankruptcy , but is slowly losing the battle. Earlier this month the city council approved a measure to file for Chapter 9 bankruptcy. However, a bankruptcy judge ...
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Statistics Show Decline in Bankruptcies

Although the decline is small, bankruptcy rates are falling after years of record-breaking figures. Nationwide, bankruptcy filings have declined by 8 percent over the twelve-month period ending in ...
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Resort Files for Chapter 7

With ski season right around the corner, one company isn't too happy about filing for Chapter 7 bankruptcy this month. The company, which owns a private golf and ski community, announced its ...
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Some Say Drop in Bankruptcies Does Not Mean Economy is Improving

Despite a recent drop in bankruptcy filings, several consumer advocacy groups warn that this is not necessarily a sign of a renewed economy. Instead, these groups believe that Americans are less ...
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Battle Over Baseball Team Continues

The drawn-out battle over the fate of a popular baseball team continues to make headlines as the defense continues to be denied its requests. The legal team for the man who currently owns the team ...
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Solar Panel Company Opts for Chapter 11

Another solar panel company has filed for bankruptcy this year following several years of disappointing returns and global competition. The Scottsdale-based manufacturer was forced to file for Chapter ...
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Theater Pursues Chapter 7 Filing

While businesses across the country have been closing their doors for good, a long-standing theater company in Florida joins their ranks. A community was saddened to learn that the company, located in ...
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Foreclosures May Remain High in 2012

While the trends in foreclosure are looking good for Austin, the figures are still high and could remain high through 2012. According to a survey, foreclosures in Austin have stayed under 1,200 ...
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Financial Guru Files Chapter 7

The man who once referred to himself as a "troubleshooter" clearly did not take his own advice regarding finances. Last week, the advice guru filed for Chapter 7 bankruptcy , listing a ...
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Former Billionaire Forced to Sell Sports Teams

Another big league sports team has filed for bankruptcy with plans to have the franchise sold as well. The hockey team, which is based in Dallas, last made the news when it was purchased by a former ...
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Chapter 11 Only Option for Solar Panel Company

A solar panel manufacturer shocked many when it filed for bankruptcy last week, despite receiving $535 million in stimulus loans from the federal government. As if their finances weren't enough to ...
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Politician Files for Chapter 13

As more and more people find themselves filing for bankruptcy protection, even some of our nation's lawmakers are opting for some form of bankruptcy. One such lawmaker filed for Chapter 13 ...
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Court Rejects Lawmaker's Chapter 13 Repayment Plan

While you can file for Chapter 13 bankruptcy protection, you will not always get approved. One former lawmaker learned this the hard way when his Chapter 13 repayment plan was rejected this week in ...
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Solar Power Company Files for Chapter 11

Even though solar power is an exciting field that promises to reduce our carbon footprint, those companies that offer solar panels are still struggling in this economy. This month, yet another solar ...
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County Expected to Emerge from Chapter 9

Bankruptcy does not just apply to businesses and individuals, but can also apply to entire towns and counties. According to news sources, a town in California has been working through bankruptcy for ...
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