Although there may be a negative connotation associated with filing bankruptcy for some, it is usually the first step toward financial health for those facing difficult financial circumstances. Very few people wind up in bankruptcy because they were spending too much or irresponsible with their finances. Rather, a bankruptcy case is more often filed by someone who is dealing with a difficult situation such as the loss of a job, unexpected medical bills or simply the mounting expenses of raising … [Read more...]
Archives for April 2016
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Print Directories Struggle in Digital World – Chapter 11 Bankruptcy
Chapter 11 usually comes to mind when large corporations fall into financial distress and need bankruptcy relief. Typically the debtor files for protection and proposes a reorganization plan, which the creditors will then vote on before final approval is given by the bankruptcy court. It may not come as a surprise to many that one of the country's largest phone book publishers, Dex, is planning to file for Chapter 11 business bankruptcy protection next month for the third time in seven years. … [Read more...]
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Peoria Debt Collection Protection
For many people struggling financially, it is easy to get behind on paying bills such as credit cards, car payments or mortgages. If these debts remain unpaid for a period of time, a company or debt collection agency can initiate a lawsuit against a debtor to collect the money owed. If they receive a judgement, they can, and often do, take steps to collect the debt by garnishing wages or attaching a lien to your unexempted property. If you are falling behind, there are a few strategies you … [Read more...]
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Chapters 11 and 13 Bankruptcy for Small Businesses
The popular teen clothing company PacSun announced today that it is seeking chapter 11 bankruptcy protection due to mounting losses and intense competition in the industry. PacSun said it would continue to operate all of its 600 stores and does not expect the bankruptcy filing to have an immediate impact on employees. PacSun plans to work on strategies to stay viable in a changing marketplace as they work through the bankruptcy process. Chapter 11 bankruptcy is intended primarily for the … [Read more...]
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Based on 66 reviews
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Based on 7 reviews
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