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Bankruptcy Blog

Blog Posts in January, 2011

Identifying Chapter 7 Bankruptcy Benefits

If you aren't sure which type of bankruptcy will work best for your current financial situation, consider these benefits of Chapter 7 bankruptcy : One of the most popular reasons why people often ...
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Orchard Brands Corp. Pursues Chapter 11

The Orchard Brands Corp., less commonly known as Appleseed's Intermediate Holdings LLC, follows suit of other businesses lately and filed for bankruptcy . The company, who sells online through almost ...
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Eric Cantor Believes States Should Not Be Able to File for Bankruptcy

In an argument that is certain to last for months, if not years, U.S. House of Representatives Majority Leader Eric Cantor re-affirmed his belief that states should not be allowed to declare ...
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Bankruptcy Case for Tamarack Resort Dismissed by Federal Judge

Tamarack Resort is back to the drawing board after a federal judge dismissed their case on Tuesday, sending it back to state court. The company had asked the court for Chapter 11 bankruptcy protection ...
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Borders Hires Bankruptcy Law Firm

As news surfaced about Borders Group Inc. hiring a law firm to protect it from bankruptcy , the stock price fell as much as 17 percent earlier this week. Shares were selling for 92 cents, down 14 ...
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Superbowl Coordinator Moves Toward Chapter 7 Bankruptcy

Paul R. Ridgeway, the man behind the company that was responsible for coordinating transportation for NFL Superbowls and other high-profile events, is now filing for Chapter 7 bankruptcy . He has ...
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Sbarro Trying to Avoid Chapter 11

The famous food court staple Sbarro Inc. has hired bankruptcy lawyers to possibly start working on its Chapter 11 bankruptcy restructuring plans. It will rely on the experts at Kirkland & Ellis to ...
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Bankruptcy Filings Increase in the State of Hawaii

The state of Hawaii saw a dramatic increase in Chapter 7 bankruptcy filings last year. According to statistics from the U.S. Bankruptcy Court, District of Hawaii, the state saw an increase in filings ...
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High Unemployment to Blame for Increase in Bankruptcies

High unemployment rates and depressed home prices are partly to blame for the high amount of bankruptcies filed in 2010. In total there were 1.53 million, up nine percent from 2009. This is based on ...
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