Recent Posts in Chapter 11 Bankruptcy Category
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Posted on Feb 1, 2012 By Houston Bankruptcy Lawyer
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 ...
Continue reading "Los Angeles Baseball Team Entering Final Stages of Reorganization" »
Posted on Jan 19, 2012 By Malaise Law Firm
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 ...
Continue reading "Financial Expert Believes More Companies will File for Bankruptcy in 2012" »
Posted on Jan 11, 2012 By Malaise Law Firm
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 ...
Continue reading "Hip Hop Musician Files for Chapter 7" »
Posted on Jan 5, 2012 By Malaise Law Firm
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 ...
Continue reading "Car Maker Announces Bankruptcy to the Public" »
Posted on Dec 29, 2011 By Malaise Law Firm
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 ...
Continue reading "Builder Proceeds with Chapter 11 Even After Getting a Loan" »
Posted on Dec 28, 2011 By Malaise Law Firm
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 ...
Continue reading "Oil Company Faces Bankruptcy" »
Posted on Dec 22, 2011 By Malaise Law Firm
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 ...
Continue reading "Firm Accepts Loan to Finish Bankruptcy" »
Posted on Dec 21, 2011 By Malaise Law Firm
If you think that filing for business bankruptcy is an easy process, think again. You could spend months or even years fighting just to have your case considered, and once it is approved for review, ...
Continue reading "Filing for Bankruptcy Isn't Always Easy" »
Posted on Dec 15, 2011 By Malaise Law Firm
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 ...
Continue reading "Airplane Company Waiting for Bankruptcy Judge's Decision" »
Posted on Nov 23, 2011 By Malaise Law Firm
A power company in Houston has angered hundreds of bondholders by announcing its new plans for Chapter 11 bankruptcy this month. The parent company issued a statement earlier this month announcing its ...
Continue reading "Power Company Files for Chapter 11" »
Posted on Nov 3, 2011 By Malaise Law Firm
A co-debtor stay is a feature of Chapter 13 bankruptcy that is sometimes also referred to as a co-debtor automatic stay. Under a co-debtor stay, anyone who has cosigned loans or in any other way ...
Continue reading "What is a Co-Debtor Stay?" »
Posted on Oct 6, 2011 By Malaise Law Firm
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 ...
Continue reading "Solar Panel Company Opts for Chapter 11" »
Posted on Sep 21, 2011 By Malaise Law Firm
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 ...
Continue reading "Former Billionaire Forced to Sell Sports Teams" »
Posted on Sep 15, 2011 By Malaise Law Firm
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 ...
Continue reading "Chapter 11 Only Option for Solar Panel Company" »
Posted on Aug 18, 2011 By Malaise Law Firm
When it comes to bankruptcy, more and more people are casting aside their concerns about social stigmas and filing for financial protection every day. Due to a serious economic decline and high ...
Continue reading "Bankruptcy Filings Decline in Connecticut" »
Posted on Jul 28, 2011 By Malaise Law Firm
It seems as though the owner of a Major League Baseball team cannot get ahead in his Chapter 11 bankruptcy case, particularly in his fight to retain ownership of his team. The owner went before a ...
Continue reading "Judge Rejects Baseball Team Owner's Motion" »
Posted on Jul 21, 2011 By Malaise Law Firm
Sometimes the court will decide which type of bankruptcy you are eligible for, as is the case in the story below. If you have questions about bankruptcy, contact the Malaise Law Firm to get answers ...
Continue reading "Court Coverts Chapter 11 to Chapter 7 in Local Case" »
Posted on Jul 20, 2011 By Malaise Law Firm
While the economy is slowly starting to pick up, there are still hundreds, if not thousands of businesses across the country that are still struggling financially. In one small town local officials ...
Continue reading "Retirement Community Faces Bankruptcy Challenges" »
Posted on Jun 16, 2011 By Malaise Law Firm
Xanadoo Co., a high-speed wireless internet provider, will give a $1.6 million loan to its subsidiaries to pull them through the initial bankruptcy period. Court papers show that Xanadoo Co., which is ...
Continue reading "Xanadoo Hopes Loan Will Help with Chapter 11 Case" »
Posted on Jun 4, 2011 By Malaise Law Firm
Calpine Corporation is nearly done with its Chapter 11 bankruptcy plan. The company announced this week that the last significant claim remaining from its Chapter 11 bankruptcy will be settled this ...
Continue reading "Calpine Corporation Close to Completing Chapter 11" »
Posted on May 25, 2011 By Malaise Law Firm
A deal could end the two-and-a-half year bankruptcy for Washington Mutual Inc. if all goes according to plan this month. The settlement is currently under review by shareholders and creditors, both of ...
Continue reading "Deal Could End WaMu Bankruptcy" »
Posted on May 6, 2011 By Malaise Law Firm
Pending rulings for Vitro S.A.B. de C.V. and its subsidiaries were denied this week by the U.S. Bankruptcy Court for the Northern District of Texas. According to Albert Chico Smith, a spokesman for ...
Continue reading "Pending Rulings Denied for Vitro S.A.B. de C.V." »
Posted on Apr 26, 2011 By Malaise Law Group
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 ...
Continue reading "Bonus Planned Approved during Borders' Bankruptcy Trial" »
Posted on Apr 14, 2011 By Malaise Law Firm
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 ...
Continue reading "Many Employees Quit Jobs at Borders due to Company's Bankruptcy" »
Posted on Apr 2, 2011 By Malaise Law Firm
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 ...
Continue reading "Blockbuster Continues to Close Stores" »
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