Recent Posts in Bankruptcy in the News Category
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Posted on Aug 1, 2012 By Malaise Law Firm
General Motors filed for a government assisted bankruptcy in 2009, and it appeared as though the company was flourishing after a little needed governmental financial assistance. That however, is not ...
Continue reading "General Motors: Not Recovering Well After Bankruptcy" »
Posted on Jul 23, 2012 By Malaise Law Firm
Russell Wassendorf Senior was arrested for stealing over $100 million from his customers through his business, Peregrine Financial Group. While it is appreciated that he confessed of his crimes, ...
Continue reading "Jailed Businessman Seeks to Protect His Assets After Bankruptcy" »
Posted on Jul 18, 2012 By Malaise Law Firm
American Airlines has been on their way into bankruptcy for many years now, and within the last 8 months finally filed for it officially. There are possible signs though, that point to this company ...
Continue reading "American Airlines Possibly on the Road to Financial Recovery" »
Posted on Jul 9, 2012 By Malaise Law Firm
A Bank of America customer with the initials R.P. is in a rocky financial situation, but not because he has had a lack of money in times past. In fact, R.P. stumbled upon a fortune when an ATM falsely ...
Continue reading "ATM Costs Bank a Fortune, Sends Customer to Near Bankruptcy" »
Posted on Jul 3, 2012 By Malaise Law Firm
The City of Stockton in California has officially declared that it is filing for bankruptcy. However, this isn’t just any event. The city of Stockton will now go down in history as the largest ...
Continue reading "Stockton Bankruptcy Makes History" »
Posted on Jun 15, 2012 By Malaise Law Firm
All over America, times are hard. Right now many people are experiencing money troubles in their homes and at their work. A new study by Equifax, a credit reporting firm, shows that small business ...
Continue reading "Small Business Bankruptcies in Houston on the Rise" »
Posted on Jun 13, 2012 By Malaise Law Firm
The Justice Department is concerned with the costly attorney's fees that are circulating throughout America. They say that some firms are charging over $1,000/hr. for their services. The irony is ...
Continue reading "$1,000/hr. Bankruptcies Catch the Government's Attention" »
Posted on Jun 5, 2012 By Houston Bankruptcy Lawyer
We often hear the sad stories of people who were forced to file for bankruptcy, but news stations often fail to include the happy endings that happen later on. The West Contra Costa Unified School was ...
Continue reading "Once-Bankrupt School is now Debt Free" »
Posted on May 23, 2012 By Houston Bankruptcy Lawyer
After nearly two years of fighting over the details of a bankruptcy case, a baseball team has finally been purchased. The owner of the team fought to retain full ownership, but due to a co-existing ...
Continue reading "Los Angeles Dodgers' Bankruptcy Case Comes to an End" »
Posted on May 16, 2012 By Houston Bankruptcy Lawyer
One company has hopes of being rescued from bankruptcy if one important deal goes through. Earlier in 2012, Dippin' Dots announced its bankruptcy plans after years of declining profits. Curt ...
Continue reading "Dippin' Dots May Be Rescued from Bankruptcy" »
Posted on May 3, 2012 By Houston Bankruptcy Lawyer
A well-known Las Vegas developer has been forced to file for Chapter 7 bankruptcy. After years of losses due to a flagging economy, Bill Plise is now seeking bankruptcy protection as a way to tackle ...
Continue reading "Las Vegas Developer Forced to File for Chapter 7" »
Posted on Apr 25, 2012 By Houston Bankruptcy Lawyer
A former professional football player announced his decision to file for bankruptcy last week. Warren Sapp blames a bad construction deal for sending him spiraling into deep debt last year. Although ...
Continue reading "Warren Sapp in the News for Chapter 7 Bankruptcy" »
Posted on Apr 19, 2012 By Houston Bankruptcy Lawyer
One of the oldest photography companies was forced to file for bankruptcy earlier this year. In order to keep the company afloat once the bankruptcy has been finalized, Eastman Kodak Co. is trying to ...
Continue reading "Kodak Still Sorting Through Bankruptcy Terms" »
Posted on Apr 11, 2012 By Houston Bankruptcy Lawyer
Filing for bankruptcy does not mean that a company will see a decline in its losses. As one airline company has proven, you can continue to hemorrhage money even while under Chapter 11 bankruptcy. The ...
Continue reading "American Airlines Still Losing Money Despite Chapter 11" »
Posted on Mar 21, 2012 By Houston Bankruptcy Lawyer
A once popular national grocery store chain has recently emerged from bankruptcy protection. It will now operate as a private company and will work on maintaining its remaining stores. Once known as ...
Continue reading "Grocery Store Chain Emerges From Bankruptcy Strong" »
Posted on Mar 15, 2012 By Houston Bankruptcy Lawyer
The difficult economy has affected everyone from individuals to corporations, including nonprofit organizations. One such organization has been forced to file for Chapter 7 bankruptcy in Virginia. ...
Continue reading "State Fair Has Bankruptcy Case Converted" »
Posted on Mar 14, 2012 By Houston Bankruptcy Lawyer
States across the nation are slowly starting to see an improvement in their local economies. In fact, Texas has seen economic improvement since December and this trend is supposed to continue say ...
Continue reading "Texas Economy Seems to be Improving" »
Posted on Mar 8, 2012 By Houston Bankruptcy Lawyer
The organizers of an annual indie music festival have been forced to file for bankruptcy. After the Los Angeles Sunset Junction Festival was cancelled last year, the organizers found themselves ...
Continue reading "Sunset Junction Music Festival Files for Chapter 7" »
Posted on Mar 7, 2012 By Houston Bankruptcy Lawyer
When the recession hit, developers across the country scrambled to secure funds for existing projects. In many cases, these projects were abandoned due to the unavailability of funds to finish ...
Continue reading "Local Developer Files for Bankruptcy Protection" »
Posted on Feb 29, 2012 By Houston Bankruptcy Lawyer
When the nation plunged into a deep recession, many people were forced to cut back on their philanthropic donations. As a result, museums like the U.S. National Slavery Museum found themselves in ...
Continue reading "National Museum Pursues Bankruptcy" »
Posted on Feb 23, 2012 By Houston Bankruptcy Lawyer
Actor Gary Busey was forced to file for Chapter 7 bankruptcy earlier this month. The actor filed for bankruptcy in California listing $50,000 to $1 million in debt and has assets of less than $50,000. ...
Continue reading "Actor Gary Busey Files for Chapter 7 in California" »
Posted on Feb 22, 2012 By Houston Bankruptcy Lawyer
As part of its reorganization plan, American Airlines has announced that it will be making some serious budget cuts. At least 500 flight attendants are expected to lose their jobs by as early as April ...
Continue reading "American Airlines to Cut 500 Flight Attendants" »
Posted on Feb 16, 2012 By Malaise Law Firm
Despite having filed for bankruptcy a few months ago, American Airlines enjoyed an increase in purchased flights over the past two months. This came as a surprise to company officials who were ...
Continue reading "American Airlines has Increase in Flight Purchases Despite Bankruptcy" »
Posted on Feb 9, 2012 By Houston Bankruptcy Lawyer
A tentative settlement has been reached between a group of creditors and a national bank. The Delaware bankruptcy judge overseeing the case has significantly reduced the amount that these investors ...
Continue reading "Creditors and National Bank Reach Tentative Settlement" »
Posted on Feb 8, 2012 By Houston Bankruptcy Lawyer
When a company files for bankruptcy, creditors, and shareholders run the risk of not being paid back in full. A brokerage firm that has filed for bankruptcy has caused many troubles for customers that ...
Continue reading "Customer Files Lawsuit against Brokerage Firm during Bankruptcy Proceedings" »
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