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The 3 Different Bankruptcy Types (& Which You Need)

Bankruptcy, despite its reputation, is a fundamental part of a consumer's arsenal. As the economy grows, it's important for people to have the ability to free themselves from overwhelming ...

Animal Shelter Files for Bankruptcy Stating There Will be No Funds for Unsecured Creditors

Safe Haven Animal Sanctuary, contracted to do dog control in Kent County, has filed for bankruptcy, leaving several creditors, including veterinary hospitals and kennels, with their own crushing ...

Atari Seeking Money in Bankruptcy Auction

Atari is reportedly seeking $22.2 million in their bankruptcy auction. According to reports, the business will sell off its assets individually over a four-day period. The business is auction property ...

PolyMedix Files for Bankruptcy

PolyMedix Inc. has reportedly filed for Chapter 7 bankruptcy. According to reports, the small biotech company has been struggle with drug clinical trials. It is also reported that the business has had ...

Bankruptcy Filing Takes Precedence Over 19 Lawsuits Regarding Unpaid Promissory Notes

The owner of a financial services business, plagued by unpaid creditors and lawsuits relating to years of unpaid loans, has filed for Chapter 7 bankruptcy protection, as reported by The Tribune News. ...

Changes in North Texas Liquor Laws and Additional Competition Blamed for Liquor Chain Store Bankruptcy

Changes in the North Texas wet laws, which added competition in the liquor store market, has been blamed for the recent bankruptcy filing of the Centennial Beverage Group, according to the Star ...

Second Chapter 13 Bankruptcy Filed by Rep Phil Hart Seeks IRS Payment Plan and Retaining Home

As reported by the Spokesman-Review, Idaho Rep. Phil Hart was questioned by a U.S. Justice Department lawyer, mostly in regards to his home, in his now second Chapter 13 filing in Idaho's U.S. ...

Kennedy Funding Affiliate Files Chapter 11 Bankruptcy

Plover Development, an affiliate of Englewood Cliffs-based Kennedy Funding, has filed for chapter 11 bankruptcy protection amidst claims that their investment in a failed water theme park property in ...

Poultry Giant Zacky Farms to Maintain Operating During Bankruptcy Filing

Due to the escalating costs of chicken feed, California-based chicken producer Zacky Farms, LLC, has filed for bankruptcy protection in U.S. Bankruptcy Court in Sacramento, as reported by Bloomberg ...

A123 Battery Company Files for Bankruptcy

A123 is an automotive battery company that has recently filed for bankruptcy protection. The company received a U.S. grant which was supposed to keep it going, but the money was not enough to move ...

Withdrawal of Troops, and Lagging Economy, Blamed for Military Airline Bankruptcy

Military airline Southern Air Inc. filed for bankruptcy on September 28, as reported by the Wall Street Journal and other media, allegedly due to the withdrawal of U.S. troops from Afghanistan that ...

Metro Fuel Oil Files for Bankruptcy

According to Bloomberg, the Metro Fuel Oil company has recently filed for bankruptcy. This company is a provider of heating oil, construction site fueling, and central air conditioning, among other ...

The McMahons: A Bankruptcy Redemption Story

When the U.S. Senate candidate Linda McMahon filed for bankruptcy in 1976, they owed nearly $1 million to their 26 creditors. Her bankruptcy records show that she had $955,805 in debt at the time of ...

The Betsey Johnson Bankruptcy

Betsey Johnson LLC filed for bankruptcy back in April when the recession caused a major downslide in sales. The company sells eclectic jewelry, clothes, and purses for moderate to high prices, and is ...

Philly Pops is Ready to Exit Bankruptcy

Philly Pops is an orchestra in Philadelphia that made history when they declared bankruptcy earlier this year. Thankfully, the presenter for the musical group as approved on Wednesday, and the group ...

Bankruptcy Court Say No to Hawker Beechcraft Bonuses

When Hawker Beechcraft requested that they give executives up to $5.3 million in bonuses, the bankruptcy court they are dealing with refused the idea. They said that the plan simply rewarded employees ...

Dementia and Debt: What to Do

When you are faced with a parent with dementia, things can get tough. The medical bills will skyrocket as you pursue the best methods to help your parent find comfort despite his or her illness, and ...

Stockton Bankruptcy Hurts Retirees

Stockton is the largest U.S. city to ever declare bankruptcy, and it will be a hard blow for residents like city employees. As well, retirees who receive health benefits and pensions will be hurt in ...

Arcadia Manufacturing Exits Bankruptcy

Arcadia Manufacturing Group Inc. has reportedly exited bankruptcy protection. According to reports, the business allegedly reworked debt payments and will be able to keep its 55 employees. A federal ...

Church Files for Bankruptcy

The Ark of Safety Christian Church has reportedly filed for bankruptcy protection. According to reports, the church filed for bankruptcy as it has been unable to keep up with mortgage payments and ...

Philadelphia Orchestra Needs to Cut Debt

The Philadelphia Orchestra may make beautiful music, but if they don’t come up with a better plan to erase their debt they may end up in a financial spiral downward. Already, the orchestra has ...

Video Game Business Files for Bankruptcy

38 Studios is a video game company that was started by a retired Red Sox pitcher named Curt Schilling. For the past few years, the company has been struggling to produce and sell games marketed at ...

Todd McFarlane Productions Emerges from Bankruptcy

Todd McFarlane Productions has reportedly emerged from bankruptcy protection. According to reports, the business was in bankruptcy for more than seven years. Now, the business has been able to pay ...

Concrete Company, 66 Years in Business, Files for Bankruptcy Protection

As reported by the Peninsula Daily News, Poulsbo-based concrete company, Fred Hill Materials, has filed for Chapter 7 bankruptcy in Seattle's U.S. Bankruptcy Court. Allegedly all 42 Employees were ...

Elumicor Exits Bankruptcy

Elumicor has reportedly exited bankruptcy reorganization. According to reports, the reorganization plan was approved by a bankruptcy judge. Now, the business can reportedly move forward with dealing ...
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