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Bankruptcy Blog

Blog Posts in March, 2012

Foreclosures on the Rise Once Again

As the backlash of the robo-scandal comes to an end, foreclosures are slowly on the rise once again. According to RealtyTrac, filings fell just 8% in February, the smallest decrease since October ...
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Tax Company Accused of Providing False Information

A company that earned its reputation for resolving financial issues has filed for Chapter 11 bankruptcy. The tax-resolution firm, best known for its commercials, found itself in financial trouble from ...
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Power Company's Bankruptcy Faces Scrutiny

A wholesale power company's bankruptcy filing is under constant scrutiny by several outside sources. One of the sources, a "watchdog" group for government bankruptcy filings, is calling ...
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Be Careful With Credit Cards Before Filing For Bankruptcy

Filing for bankruptcy does not give you the chance to max out credit cards and then have the charges dismissed. The bankruptcy code prevents such abuses from taking place, a fact which many first-time ...
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Chapter 7 and Your Average Income

Are you considering Chapter 7 bankruptcy ? If so, it is important to understand that you will be asked to calculate your income for the court's review. When you file for Chapter 7 bankruptcy ...
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Texas Petroleum Company Pursues Bankruptcy

A petroleum company based out of Texas is seeking Chapter 11 bankruptcy with one of its subsidiaries. The joint petition was presented to a bankruptcy judge last week in Dallas. Due to years of ...
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Ice Cream Company Tries to Reorganize by Seeking Loan

A unique ice cream manufacturer has been forced to file for its second bankruptcy loan. The recession hit Dippin' Dots Inc. hard over the past few years, forcing company officials to decide on ...
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Terrell Owens Receives Notice of Foreclosure

News sources say that football star Terrell Owens has received notices of foreclosure on two of his properties. The former Dallas Cowboy's player learned last month that his properties in Uptown ...
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