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Bankruptcy Blog

Blog Posts in November, 2011

Bankruptcy Causes Company to Lose Sponsorship

One company will not only lose their corporate sponsorship of a popular basketball team but may also be forced to pay out tens of millions of dollars to its customers. Although information regarding ...
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Animal Sanctuary Shut Down due to Bankruptcy

While most bankruptcy cases involve people fighting to keep their homes, one case involved a bunch of monkeys. An animal refuge that was home to 112 monkeys and one baboon was forced to file for ...
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Several States Experience Increase in Foreclosures

After months of declining figures across the United States, several states saw an increase in foreclosure filings over the past month. According to a company that monitors foreclosures nationally, ...
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Arizona Municipality Faces Bankruptcy

A municipality in Alabama is going to file what could be the largest municipal bankruptcy yet in history. After a meeting of commissioners voted to go ahead with the bankruptcy, the town is now in ...
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Bankruptcy to Stop Wage Garnishments

Are you considering Chapter 7 bankruptcy as a way to stop wage garnishments ? This can work in most states except for four: South Carolina, North Carolina, Texas and Pennsylvania. If you reside in any ...
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Bondholders Negatively Impacted by Chapter 11 Filing

The way in which a holding company is planning on filing for bankruptcy could seriously affect bondholders, but not parent-company shareholders. Earlier this month the parent company announced that it ...
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Judge to Make Decision in Major Chapter 11 Case

After spending months listening to the bankruptcy case of a major media company, the judge presiding over the case is just days away from issuing his opinion. The delay in issuing an opinion has been ...
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Filing for Bankruptcy due to Medical Bills

While no two bankruptcy claims are alike, there are several categories under which most bankruptcy cases can be filed. One of those is medical bankruptcy and it is more common than you may think. As ...
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President Announces Foreclosure Reforms

President Obama has announced a new series of reforms to make refinancing mortgages easier for families that are currently facing foreclosure . The President has contrasted his efforts to reform the ...
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