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Bankruptcy Blog

Blog Posts in April, 2011

Tips to Ensure Better Finances after Bankruptcy

If you are considering bankruptcy, then you will also be thinking about life after bankruptcy. Once you have filed successfully for bankruptcy, there steps you should take to ensure that your finances ...
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Bankruptcy to Stop Wage Garnishment

Are you considering bankruptcy as a way to stop wage garnishment ? Once you successfully file for bankruptcy, all wage garnishment will stop. It should be an immediate process that takes effect before ...
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Laws Make it Harder to File for Chapter 7

Recent changes to bankruptcy law have made it more difficult for many would-be filers to qualify for certain types of bankruptcy. The Bankruptcy Abuse Prevention and Consumer Act of 2005 was recently ...
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Philadelphia Orchestra Forced Into Chapter 11

Sad news for Philadelphia Orchestra fans: the company has been forced to file for Chapter 11 bankruptcy this month. After a vote taken by the 55-member board of directors, all were for the bankruptcy ...
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Developer of University Park Files for Chapter 7

Andy Sarwal, the former developer of University Park, filed for Chapter 7 bankruptcy this week. According to his bankruptcy filing, Sarwal has $1 million in assets and $18.3 million in liabilities. ...
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Tribune Co. Must Wait for Bankruptcy Confirmation

Just when they thought they could go through with their bankruptcy confirmation, Aurelius Capital Management told Tribune Co. must wait. Since new amendments to the plan have been written, senior ...
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Three States Seek Money from Billionaire Tim Blixseth

Three states have joined in the fight against billionaire Tim Blixseth to collect money owed to them. According to the petition filed in Nevada, the real estate mogul owes nearly $2.3 billion in ...
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Blockbuster to be Purchased by Dish Network

Good news for Blockbuster fans: the company is being bought out by Dish Network. Last week a bankruptcy judge approved the $320 million bid to buy out Blockbuster Inc. However, what Dish Network plans ...
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