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Bankruptcy Blog

Blog Posts in May, 2011

Bankruptcy Filings Continue to Decrease in Western District of Texas

The U.S. Bankruptcy Court for the Western District of Texas announced this week that bankruptcy filings continued to decrease over the past month. When compared to May of 2010, the filings dropped 26 ...
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Borders Granted Extension

Even though Borders has been granted an extension to file its reorganization plan, it seems as though the company will still be forced to sell some of its stores. The judge gave Borders until October ...
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South Central Texas Experiencing Decline in Foreclosures

The area of south-central Texas is starting to see a serious decline in foreclosures for 2011. According to the U.S. Bankruptcy Court for the Western District of Texas, foreclosures dropped from 433 ...
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Nevada Economic Forum Chairman Facing Financial Hardships

According to the Las Vegas Sun, Nevada Economic Forum Chairman John M. Restrepo is facing serious financial difficulty. The financial expert filed for Chapter 7 bankruptcy this month, listing $360,000 ...
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Chapter 7 Bankruptcy Eligibility

Are you considering Chapter 7 bankruptcy to correct your financial woes? If so, there are several items that you need to know. Although you may believe that you simply need to be in debt to qualify ...
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Yellowstone Club Seeks Court Sanctions from Montana Dept. of Revenue

The owner of the exclusive Yellowstone Club, Tim Blixseth, will seek court sanctions from the Montana department of revenue. The department just lost a bankruptcy petition against Blixseth to the tune ...
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Will Frank McCourt Be Able to Keep the Dodgers?

Baseball fans have been watching with baited breath to see whether Frank McCourt will bring his team, the Los Angeles Dodgers, to bankruptcy court. Rather than be stripped of his beloved team, McCourt ...
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Advantages of Chapter 7

If you are experiencing financial difficulties, bankruptcy may be the solution you are searching for. While bankruptcy has long been viewed as negatively, there are actually many benefits to filing. ...
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Senator Facing Criminal Trial Declares Chapter 13 Bankruptcy

In addition to facing a trial on extortion and bribery, former state Del. Phil Hamilton has now declared Chapter 13 bankruptcy . Along with his wife Kimberly, Hamilton hopes that by filing for Chapter ...
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Approval Granted for Sale of Blockbuster

Approval has finally been granted for the sale of Blockbuster Inc. to Dish Network Corp. this week. Although there were several bids for the sale, Dish's was the highest and most appealing offer. ...
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