Airline Trimmed Costs During Business Bankruptcy

Business owners in Phoenix, Arizona, are all too aware of the effect a struggling economy has had on their cash flow and accounts receivable payments. Business owners across the country who made the difficult decision to pursue a business bankruptcy have saved their companies by using the business reorganization process to drastically cut costs. For [...]

By |2014-02-19T23:39:03+00:00February 19th, 2014|Bankruptcy News, Business Bankruptcy, Chapter 11|0 Comments

American Airlines Shows Phoenix Entrepreneurs Bankruptcy Is Not To Be Feared

Thanks to our still-troubled economy and the mortgage and foreclosure crisis that is wreaking havoc on homeowners across the country, Maricopa County readers have probably gotten used to hearing about bankruptcy in the news. After all, it seems like there is some new story or report on bankruptcy every day.   Sometimes, when a concept [...]

By |2014-02-18T22:33:42+00:00February 18th, 2014|Bankruptcy News, Business Bankruptcy, Chapter 11|0 Comments

Stockton, California Municipality Bankruptcy Filing And Its Aftermath

The Chapter 9 Municipality Bankruptcy of the California City of Stockton occurred in June, 2012. Unfortunately, it may soon have more company, the primary reason is that cities across America created big promises to their workers (primarily police and firemen) during the good times when housing prices and the economy were surging.  The problem now [...]

By |2014-02-13T04:06:38+00:00February 13th, 2014|Bankruptcy News, Chapter 11|0 Comments

Rebounding From a Business Bankruptcy

People associate business bankruptcy with failure that occurs when a business owner could not compete in a highly competitive market. Fashion designer Betsey Johnson might have fit that description in 2012 when, after 35 years in business, dwindling profits and mounting debt forced her to close the 63 shops that sold her clothing designs for [...]

By |2014-02-11T17:14:53+00:00February 11th, 2014|Bankruptcy News, Business Bankruptcy, Chapter 11|0 Comments

Expiring Law Could Add Tax Bill After Personal Bankruptcy

Arizona residents who experience unexpected life changes such as unemployment or illness may find themselves struggling to pay mortgages, medical expenses and credit card debt. By utilizing personal bankruptcy, they can resolve their financial challenges. However, he expiration of the federal Mortgage Fairness Debt Relief Act at the end of 2012 could add an additional [...]

Overwhelming Debt Forces Chapter 7 Filing By Football Coach

A struggling economy has left many Americans struggling with financial challenges caused by unemployment, business ownership, medical issues or bad investments. Some people reach the point where Chapter 13 or Chapter 7 bankruptcy becomes the best means of achieving debt relief. John L. Smith struggled with that decision the summer of 2012 in the spotlight [...]

By |2014-02-08T07:30:16+00:00February 8th, 2014|Assets, Bankruptcy News, Chapter 7, Personal Bankruptcy|0 Comments

Eastman Kodak’s Business Bankruptcy Woes Continue

As Eastman Kodak struggles to handle its obligations under a business bankruptcy filing, the third quarter postings indicate that the losses for the company were $312 million. This is almost $100 million more than the $222 million loss posted for the third quarter of 2011. Part of the reason may come from a 19 percent [...]

By |2014-02-04T17:04:37+00:00February 4th, 2014|Bankruptcy News, Business Bankruptcy, Chapter 11|0 Comments

“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