Blog Posts in 2010
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Posted on Dec 28, 2010 By Malaise Law Firm
A part of Wheeling, W. VA's history will see its doors close down early next year after filing for Chapter 7 bankruptcy. Kaufman's Inc., which has been in Wheeling for eighty years, was finally forced ...
Continue reading "Kaufman's Inc. Pursues Chapter 7 " »
Posted on Dec 27, 2010 By Malaise Law Firm
Some homeowners that are facing foreclosure will have until next year for federal loan applications to become available. Washington, along with 31 other states, will receive funds from the Department ...
Continue reading "Homeowners May Have to Wait for Federal Loan Applications" »
Posted on Dec 21, 2010 By Malaise Law Firm
The holidays have turned some financial institutions a little soft, prompting them to halt foreclosure hearings and evictions during this season. Fannie Mae and Freddie Mac are taking Christmas and ...
Continue reading "Large Banks to Ease Foreclosures during the Holidays" »
Posted on Dec 20, 2010 By Malaise Law Firm
The nation's most expensive bankruptcy has now reached an all-time high of $1.07 billion as the cost for bankruptcy lawyers, consultants, and financial advisors alone. An additional $44 million was ...
Continue reading "Lehman Brothers Holdings Inc. Reaches All Time Bankruptcy High" »
Posted on Dec 14, 2010 By Malaise Law Firm
James Farrell, head of Evergreen State Bank, has filed for Chapter 7 bankruptcy this month as his own bank is failing financially. Along with his wife Kathleen, the president and chief executive filed ...
Continue reading "Head of Evergreen State Bank Files for Chapter 7 " »
Posted on Dec 13, 2010 By Malaise Law Firm
The Great Atlantic and Pacific Tea Company, GAPTQ.PK, is hoping to win an interim approval in court this week from a bankruptcy judge. They are asking for an $800 million loan in which it would be ...
Continue reading "Great Atlantic and Pacific Tea Company Waiting for Bankruptcy Approval" »
Posted on Dec 7, 2010 By Malaise Law Firm
The owners of Belmont Park, a Mission Beach-based amusement park, and the City of San Diego, California, are in the middle of a serious rent dispute. Their discussions have now landed them smack in ...
Continue reading "Belmont Park Considering Chapter 11 Bankruptcy" »
Posted on Dec 6, 2010 By Malaise Law Firm
Irving Picard, the trustee in the Bernard Madoff bankruptcy, has created a long list of high-profile targets for the $9 billion lawsuit against HSBC Holdings Plc and other companies. The complaint, ...
Continue reading "Bernard Madoff's Bankruptcy Trustee Creates Targeted List" »
Posted on Dec 3, 2010 By San Antonio Bankruptcy Lawyer
Although many Americans have yet to feel the effects of the slowing recovering economy, many report that they are less stressed about debt and they are spending more this holiday season. Black Friday, ...
Continue reading "Increase in Holiday Spending from Last Year" »
Posted on Nov 30, 2010 By Malaise Law Firm
One of the country's largest producers of manufactured homes, Palm Harbor Homes Inc., has filed for Chapter 11 bankruptcy while it completes the sale of its company. Along with five of its ...
Continue reading "Palm Harbor Homes Inc. Goes Through Chapter 11" »
Posted on Nov 29, 2010 By Malaise Law Firm
The city council of Vallejo, California just voted on a resolution to end the two-year bankruptcy that the municipality has been fighting against. Located between San Francisco and Sacramento, Vallejo ...
Continue reading "Vallejo Tries to Resolve Bankruptcy" »
Posted on Nov 23, 2010 By Malaise Law Firm
Illinois Marble and Granite - a longtime Urbana stone company - has recently filed for Chapter 7 bankruptcy. The company, under its business name of Luther Falls Stone Company, filed for bankruptcy in ...
Continue reading "Illionois Marble Business Files for Chapter 7 Bankruptcy" »
Posted on Nov 22, 2010 By Malaise Law Firm
During its filing for bankruptcy, Lehman's Brothers has paid out a total of $1.1 billion to advisers over 25.5 months of bankruptcy. That includes $42.1 million paid out to managers and lawyers in ...
Continue reading "Lehman Brothers Says it Paid $1.1 Billion to Bankruptcy Advisors" »
Posted on Nov 16, 2010 By Malaise Law Firm
In Carson City, it has been reported that a loan modification and foreclosure consulting firm was fined $50,000 by the state of Nevada. The firm received the fine after allegations were made that it ...
Continue reading "Loan Modification Firm Fined $50,000 in Nevada" »
Posted on Nov 15, 2010 By Malaise Law Firm
This week, the organization based in New Jersey and officially operates Charlie Brown's Steakhouses and Bugaboo Creek restaurants announced that it has plans to file for bankruptcy protection. CB ...
Continue reading "CB Holdings Files for Chapter 11" »
Posted on Nov 9, 2010 By Malaise Law Firm
One of the longest running and largest real estate bankruptcy cases has finally ended this week. Chicago-based General Growth Properties, owner of the Steeplegate Mall in Concord and 180 other ...
Continue reading "General Growth Properties Moves Forward with Chapter 11" »
Posted on Nov 9, 2010 By San Antonio Bankruptcy Lawyer
A common misconception regarding Chapter 7 bankruptcy is that a debtor will lose all of his or her property. This is simply not the case. If you file under Chapter 7, you will face the liquidation of ...
Continue reading "Will I Lose All My Property?" »
Posted on Nov 8, 2010 By Malaise Law Firm
Councilman for Harrisburg Brad Koplinski hopes that a New York City firm can help his city avoid filing for bankruptcy. The lawfirm of Cravath, Swaine, and Moore has been enlisted to start discussions ...
Continue reading "City Plans to File for Chapter 9" »
Posted on Nov 2, 2010 By Malaise Law Firm
Earlier this week it was reported that a woman from the state of Arkansas pled guilty to forging a bankruptcy judge's signature so she could move forward with purchasing a used Ford Mustang. ...
Continue reading "Woman Forges Judge's Signature during Chapter 13 Proceedings" »
Posted on Nov 1, 2010 By Malaise Law Firm
In Los Angeles, Metro-Goldwyn-Mayer Inc. moved forward with filing for Chapter 11 bankruptcy protection on Wednesday. The new plan was pursued to secure the backing of the Hollywood studio's creditors ...
Continue reading "MGM Files for Chapter 11" »
Posted on Oct 26, 2010 By Malaise Law Firm
In an effort to keep its operations intact, the Tribune Company recently gave the Federal district Court in Delaware a formal bankruptcy exit plan for its review. The company, which owns the Los ...
Continue reading "Tribune Company Gives Official Bankruptcy Exit Plan" »
Posted on Oct 25, 2010 By Malaise Law Firm
The Federal Trade Commission has recently backed a new law that will make debt settlement more legitimate. It will prevent debt settlement companies from asking for fees upfront, but rather allowing ...
Continue reading "Federal Trade Commission Backs New Debt Settlement Law" »
Posted on Oct 19, 2010 By Malaise Law Firm
When people are considering filing for bankruptcy in the state of Texas, they often wonder why they need to enlist the services of a San Antonio bankruptcy lawyer. While you can certainly file for ...
Continue reading "Avoid Do It Yourself Bankruptcy" »
Posted on Oct 18, 2010 By Malaise Law Firm
According to experts, if you are behind on your mortgage payment, one of the best things you can do is contact your lender. Experts say that lenders may be open to working out a plan with you that ...
Continue reading "Behind on Your Mortgage?" »
Posted on Oct 17, 2010 By Malaise Law Firm
This week Monday, Bank of America made an announcement that it would resume foreclosures in the 23 states that currently require judicial approval. Bank of America decided to move forward with ...
Continue reading "Bank of America to Resume Foreclosures" »
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