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Bankruptcy Blog

Blog Posts in September, 2011

40-Year-Old Quarterback Pursues Chapter 7

In any professional sport, an athlete over 40 years old is considered ready for retirement. One such football player is ready to retire, but he is having some financial problems that could make ...
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One Company Influences Bankruptcy Claims Trading

Just one company's bankruptcy filing was enough to influence total claims trading in the US for the month of August. The company, which filed the largest bankruptcy in American history, has been ...
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Types of Bankruptcy May Be Hard to Understand

When you find yourself in financial ruin, you may decide to file for Chapter 7 bankruptcy. However, you will need to qualify for this type of bankruptcy which, depending on your circumstances, may not ...
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Major Bank Weighs Bankruptcy Options

One major US bank is in danger of financial ruin due to one of its units. While the plans have yet to be released, several insiders are hinting that the unit just might go into bankruptcy in the near ...
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Paper Company Moves Forward with Chapter 11

Even though it was bought out by another company six years ago, the largest maker of coated paper in the country filed for bankruptcy this month. According to the Chapter 11 bankruptcy papers filed in ...
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Foreclosures Decrease in San Antonio Area

In some areas of the country, foreclosures are on a tentative downward slope. In San Antonio, Texas alone, fewer homeowners are falling behind on payments, meaning that less people are being forced to ...
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Bankruptcy Filings Decrease in Some Areas of Texas

Some areas of the country are experiencing sharp drops in bankruptcy filings, including South-Central Texas. According to a bankruptcy court's findings, this area of the country had an 18 percent ...
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Institution Needs Government Help to Stay in Operation

One of the largest institutions in the country is facing default if it cannot get financial assistance from the government. The institution has a serious payment due this month, worth $5.5 billion, ...
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