Blog Posts in August, 2009

Producers of "Terminator Salvation" File for Chapter 11 Bankruptcy

The producers of the summer blockbuster hit, Terminator Salvation, filed for Chapter 11 bankruptcy protection the same day they sued their primary investor, Pacificor, a hedge fund company in Santa ...

Six Flags Reveals Chapter 11 Restructuring Plan

This past Friday, a plan was filed and called for Six Flags creditors to own a majority stake in the company when it emerges from Chapter 11 bankruptcy protection. Six Flags is a chain of large-scale ...

Readers Digest: Latest Publication to File for Bankruptcy Protection

The publisher of Reader's Digest, the well-known pocket-sized publication, is planning to file for Chapter 11 bankruptcy protection in an effort to reduce its debt by 75 percent. The publisher is ...

Illinois Village Files for Chapter 9 Bankruptcy

In southwestern Illinois, a village by the name of St. Clair County has filed for Chapter 9 bankruptcy. According to reports, the village faced multiple debts with various organizations, including ...

New York-Based Radio Station Operator Files for Chapter 11

Mega Media Group, Inc, the Brooklyn-based company that operates dance music station Pulse 87 in New York, has filed for bankruptcy protection under Chapter 11. The bankruptcy filing comes just three ...

Gordon Ramsey May File for Bankruptcy

Gordon Ramsey, a celebrity chef from Britain, appears to be the most recent victim of the faltering economy. According to the chef, he has been facing bankruptcy after profits plunged on his ...

Tennessee Has Highest Chapter 13 Bankruptcy Rate Per Capita

People throughout the country are being hit hard by the tough economy, with individuals, families, and businesses in all fifty states struggling to say current on their bills and keep their debts ...

Journal Register Company Emerges From Chapter 11 Bankruptcy

The Journal Register Company, a Pennsylvania-based newspaper company, has emerged from a Chapter 11 bankruptcy filing. The company, which filed for bankruptcy protection in February of this year, has ...

Starfire Systems Inc. Files for Chapter 11 in New York

Today, it has been reported that Starfire Systems Inc. has filed for Chapter 11 bankruptcy. Starfire is a manufacturing company that is based in Malta, New York that services the aerospace and ...

Consumer Bankruptcy Filings Increase by 30%

According to ConsumerAffairs.com, consumer bankruptcy filings in the United States are at an all-time high since the new bankruptcy laws took effect in 2005. A total of 126,434 bankruptcy petitions ...

Consumer Bankruptcy Filings: Highest in Four Years!

According to ConsumerAffairs.com, consumer bankruptcy filings in the United States are at an all-time high since the new bankruptcy laws took effect in 2005. A total of 126,434 bankruptcy petitions ...

Can I Avoid Foreclosure Through Bankruptcy?

Under Chapter 13 bankruptcy, all of a homeowner's debt will be consolidated into one lump sum, which is to be paid off over time. The homeowner will then be required to make payments toward this lump ...

What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

While both Chapter 7 and Chapter 13 are viable options for people seeking bankruptcy protection, there are differences you should be aware of if you are considering bankruptcy as an option for ...

Homeowners Choose Bankruptcy to Avoid Foreclosure

In Atlanta, it is reported that many homeowners are choosing to file for bankruptcy in order to avoid foreclosure. It has been revealed that a surprising amount of homeowners are choosing bankruptcy ...

Cooper-Standard Files for Bankruptcy

Today, it is being reported that Cooper-Standard Automotive Inc. has filed for Chapter 11 bankruptcy. Cooper-Standard will be joining other parts makers who have filed for bankruptcy this past year ...