Those who own businesses in the state of Arizona may be interested in learning about why ECOtality, an electric car-charging company, may be closing its doors for good. In a recent filing, the company disclosed various problems with the SEC and stated that it was exploring options for restructuring or selling the entire business and/or [...]
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 [...]
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 [...]
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 [...]
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 [...]