“America’s Next Top Model” Judge Files For Bankruptcy

Some Arizona residents may think that financial woes do not touch the rich or famous, but anyone can be affected by overwhelming debt. In fact, the woman who proclaimed herself the world's first supermodel, Janice Dickinson, recently confirmed that she has filed for personal bankruptcy. Dickinson is known for her role as a judge on [...]

By |2014-01-31T18:32:33+00:00January 31st, 2014|Bankruptcy News, Personal Bankruptcy|0 Comments

New Bill Would Help Families Burdened By Medical Debt

The Accuracy in Reporting Medical Debt Act is a new bill that has been introduced in Congress aimed at protecting consumers from inaccurate reporting of medical debt to credit bureaus. An estimated 10 percent of all insurance claims are processed incorrectly. Debt collectors often use information about medical debt that is false, incomplete or outdated. [...]

By |2014-01-29T02:14:48+00:00January 29th, 2014|Bankruptcy News, Personal Bankruptcy|0 Comments

Arizona Ambulance Provider Files For Chapter 11 Bankruptcy

Arizona-based Rural/Metro. Corp., which is owned by Warburg Pincus LLC, has filed for Chapter 11 bankruptcy protection. The company has negotiated an agreement with certain creditors to help obtain new capital while reducing company debts by approximately 50 percent. The chief financial officer claimed that the proposed plan will allow the company to continue to [...]

By |2014-01-27T17:36:59+00:00January 27th, 2014|Bankruptcy News, Business Bankruptcy|0 Comments

Bankruptcy Negotiations Over Energy Future Holdings Corp. Stall

Residents in Phoenix may have heard that the three companies, KKR & Co., Goldman Sachs Capital Partners and TPG Capital, that bought out much of Energy Future Holdings Corp. are struggling to recover just 3 percent of their investment. The energy company plans to file for business bankruptcy. The companies were negotiating a resolution in [...]

By |2014-01-23T17:53:06+00:00January 23rd, 2014|Bankruptcy News, Business Bankruptcy|0 Comments

Simply Wheelz, DBA Advantage Rent A Car, Files for Chapter 11

Simply Wheelz LLC, which does business as Advantage Rent A Car, filed for Chapter 11 bankruptcy protection on Nov. 5, 2013. The company offers car rentals in 33 states and has a location at Phoenix Sky Harbor Airport in Arizona. Advantage had been sold by Hertz Corp to Franchise Services of North America and Macquarie [...]

By |2014-01-21T18:27:27+00:00January 21st, 2014|Bankruptcy News, Business Bankruptcy|0 Comments

Lehman Bankruptcy Largest In History

Arizona residents might be startled to learn that the Lehman bankruptcy is reportedly the largest one in history. Five years after the date of filing, the attorney fees for the case have reached an astonishing $2.2 billion. Numerous lawyers, consultants, accountants and other professionals have assisted in the bankruptcy since September 2008.   According to [...]

By |2014-01-17T05:53:25+00:00January 17th, 2014|Business Bankruptcy|0 Comments

Astros Continue to Fight Business Bankruptcy of Sports Network

Phoenix baseball fans may have heard that the Houston Astros filed a motion to dismiss a case against SportsNet Houston filed by NBC Universal/Comcast creditors. The involuntary business bankruptcy involved the regional sports network created for the Houston marker by the Astros baseball team, the Rockets basketball team and NBC Universal/Comcast. The Astros reportedly believed [...]

By |2014-01-17T05:48:40+00:00January 17th, 2014|Bankruptcy News|0 Comments

Medical Bills Can Hurt Credit

People in Arizona might not know that medical debt represents almost half of all reported collection accounts. Individuals often contest bills with their doctor or health insurer. However, it's important for people to understand they can't just ignore those bills. Medical debt can harm credit if a bill goes into collection.   According to the [...]

By |2014-01-15T01:38:09+00:00January 13th, 2014|Bankruptcy News|0 Comments