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Bankruptcy Blog

Blog Posts in August, 2010

Tronox Inx. Emerges from Chapter 11

Recently, Tronox Inc. has reached agreements with its creditors and government agencies that will settle the company's environmental disputes and give the chemical maker enough funds to exit Chapter ...
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Sommet Group to file for Chapter 7

Numerous news sources are reporting that Sommet Group is heading for liquidation after a federal bankruptcy judge agreed with a group of its creditors on Friday. In July, a group of creditors filed an ...
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What is a 341 Hearing?

After people have filed for Chapter 7 or Chapter 13 bankruptcy, the United States Bankruptcy Code requires that they have a three for one hearing. During the hearing, people who are filing for ...
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Tribune Company's Reorganization Efforts Fall Apart

Earlier this week it was reported that a proposed reorganization plan for the Tribune Company has fallen apart. The plan was supposed to lead the company out of bankruptcy. It is reported that ...
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How will Filing for Bankruptcy Impact Your Spouse?

One of the most pressing questions people have when they are married and filing for bankruptcy is if their husband or wife will be affected by their filing. In the United States, husband and wives are ...
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Tirbune Co. Bankruptcy Proceedings Postponed

In Dover, Delaware, Tribune Co. is asking that a judge in expand its deadline in its bankruptcy case so that the company can continue to negotiate with its creditors. Earlier this month, the judge ...
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3 Reasons People File for Chapter 7

Generally speaking, there are three main reasons why people choose to file for Chapter 7 bankruptcy in San Antonio: 1. Unemployment. When people are unemployed, it can be extremely difficult for them ...
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Nolan Ryan Buys the Bankrupt Texas Rangers

This week, it was announced that Nolan Ryan bought the Texas Rangers out of bankruptcy court. Nolan Ryan and Chuck Greenburg made a $591 million bid to buy the Rangers, an organization been struggling ...
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