Blog Posts in June, 2010

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Auto Parts Maker Emerging from Bankruptcy

Holley, and auto parts maker, has plans to emerge from bankruptcy for the second time in less than three years. The company's reorganization will turn the company's equity over to the holders of its ...

Child Care Center Files for Bankruptcy

A Milwaukee child care center has filed for Chapter 11 bankruptcy after dealing with alleged federal fraud investigations. The Tranquility Learning and Educational Academy has also lost its state ...

Bad Faith Violates Everyone

Baseball, enjoying its long standing as America's number one national pastime, could loose more than it wants to in filing a bankruptcy. And that's exactly what the Texas Rangers are facing in ...

New Jersey “Housewife” Files for Bankruptcy

Teresa Giudice, of "The Real Housewives of New Jersey," and her husband have filed for bankruptcy. According to court documents, the couple claimed a yearly income of $79,000 and $120,000 a year in ...

Flying J Emerging from Bankruptcy

The fuel stop chain, Flying J, is close to emerging from bankruptcy at this time. They are looking to exit by July 31 st. As of now, they are working on a merger which will aide them in their ...

Sports Complex Seeking Bankruptcy Protection

The organization that operates the Alaska Dome indoor sports complex in Anchorage is seeking Chapter 11 bankruptcy protection. The filing is part of the company's plan to restructure its long-term ...

U.S. Bankruptcies at 5-Year High

The pace in which U.S. bankruptcy filings are occurring are at the second-highest daily level since 2005. While the economy is slowly improving, people are clearly having trouble working off the ...

Company Files for Bankruptcy

After being cut off by its parent company, Noveko, Magnum Pharma has filed for bankruptcy. The marketing subsidiary has voluntarily filed for bankruptcy due to its inability to carry out its business ...

School Board Member Files for Bankruptcy

Kelly Kohls, a school board member in Springboro, Ohio has filed for Chapter 7 bankruptcy. She and her husband have listed assets at $678,580 and liabilities at $908,110, according to records. Part of ...

Debts Bankruptcy Does Not Get Rid Of

When people are thinking about filing for consumer bankruptcy, it is important that they know which debts bankruptcy does not get rid of. People who file for bankruptcy, whether chapter 7 or chapter ...

Former Millionaire Gets Bankruptcy Converted

Former Tennessee millionaire Steve "Toby" McKenzie has had his bankruptcy filing converted from Chapter 11 to Chapter 7. McKenzie originally filed bankruptcy after suffering a major illness that ...

Senate Candidate’s Company Files Chapter 11

Ashjian Development LLC, a company run by U.S. Senate hopeful Jon Scott Ashjian, has filed for Chapter 11 bankruptcy protection. Ashjian Development has listed assets at $50,000 or less and ...

Thomas Kinkade Company Files for Bankruptcy Protection

The Morgan Hill manufacturing operation that reproduces the works of Thomas Kinkade has filed for Chapter 11 bankruptcy protection. The company is looking to ease its real estate costs at this time. ...

Bankruptcy Law Offices of Keith D. Collier becomes a member of Find a Bankruptcy Lawyer

Bankruptcy Law Offices of Keith D. Collier has become a member of Find a Bankruptcy Lawyer. We are pleased to inform you that Jacksonville Bankruptcy Lawyer, Bankruptcy Law Offices of Keith D. ...

Steakhouse Shuts Down with Bankruptcy

The Sagebrush Steakhouse in Oak Ridge, Tennessee has abruptly shut down. This closure is the result of a Chapter 11 bankruptcy filing by its parent company, Claremont Restaurant Group LLC. There is no ...

Furniture Factory Warehouse Files for Chapter 11

The San Antonio company Furniture Factory Warehouse has filed for Chapter 11 bankruptcy protection in Texas. The retailers expects that its stores and distribution facilities will remain closed until ...

Texas Rangers Lenders Force Bankruptcy

A group of lenders for the Texas Rangers have sued in order to force a bankruptcy filing. Now, the involuntary bankruptcy petitions have been filed against the Rangers. The team has voluntarily put ...

Personal Injury Lawyer Files for Bankruptcy

Alan Barry, a well-known Danbury attorney, has filed for Chapter 11 bankruptcy. Barry is seeking protection from creditors in order to reorganize his debt. He has listed no assets and listed ...

Former NBA Player Files for Bankruptcy

Former NBA star Antoine Walker has filed for personal bankruptcy protection. This occurred after he was hit with a $2.3 million foreclosure lawsuit on a mansion that he bought for his mother. ...

Auto Supplier Emerges from Bankruptcy

Cooper-Standard, an auto supplier, has successfully emerged from bankruptcy protection under the ownership of its bondholders. The company originally filed for Chapter 11 bankruptcy in August of 2009. ...

Oil and Gas Company Files for Bankruptcy

The oil and gas company TXCO Resources Inc. has filed for bankruptcy relief along with its subsidiaries. Reportedly, TXCO has been unable to meet its short-term cash needs, mostly regarding paying its ...

USA Springs Files Bankruptcy Plan

USA Springs has filed a plan in order to emerge from bankruptcy and pay off its creditors. The company bottles groundwater and sells it in the U.S. and overseas. Under the new plan, they will get a ...

Former Basketball Star Files for Bankruptcy

Derrick Coleman, a former NBA star, has filed for bankruptcy, listing his assets at $1 million. Coleman has stated that his investment in the field of the Detroit area has contributed to his economic ...

Fitness Consultant Files for Bankruptcy

Shaun Kelley, a Houston fitness consultant, has closed his weight loss center after filing for bankruptcy. Kelley has reported that a major food company approached him about a joint business venture, ...

Seafood Operator Files for Bankruptcy Protection

Reel 'Em In LLC, who operates Captain D's Seafood restaurants, has filed for Chapter 11 bankruptcy protection. The company reportedly has assets of less than $50,000 and liabilities between $10 and ...
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