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Chapter 7 Bankruptcy

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Winding Up a Business: If your business is experiencing financial difficulties and is likely to fail, you may need to close your doors to avoid making the situation worse than it already is. You have a legal duty to cease operating when there is no chance of your business recovering and paying back its...; Tags: Asset management, Financial accounting, Investment, BNET Editorial, liquidation, accountant, advisor, asset, financial planning, attorney, financial, tax, bankruptcy, bond, business process, payment, finance, agreement, analysis; Articles 2007-10-02

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Bel Air attorney suspended for taking unauthorized fee: An attorney who took a fee of more than $43,000 without authorization from the U.S. Bankruptcy Court has been indefinitely suspended. In a 6-1 decision, the Maryland Court of Appeals sanctioned Bel Air lawyer Ernest S. Nichols for violating the rules of professional responsibility while handling...; Articles 2008-06-23
The upside of bankruptcy: Declaring bankruptcy can allow a company to wipe the slate clean, reorganize and start over. But when one company declares bankruptcy, it creates opportunities for competitors, as well, who might acquire the bankrupt company's customers, employees, proprietary information or even the company itself. With the sluggish economy,...; Articles 2008-06-20
Econowatch L.A. County: ECONOWATCH L.A. COUNTYGENERAL INDICATORS ...; Articles 2008-06-02
Econowatch L.A. County: GENERAL INDICATORS Latest Previous ...; Articles 2008-05-26

Bankruptcies surge on Long Island: The number of personal bankruptcies on Long Island is way up in 2008, another sign that mounting mortgage defaults and the climbing prices of necessities like food and energy are taking a toll on locals. Long Island saw 2,154 bankruptcy filings in the first four months of...; Articles 2008-05-23
Econowatch L.A. County: ECONOWATCH L.A. COUNTY* GENERAL INDICATORS % - from ...; Articles 2008-05-19
Bankruptcies: WS Park LLC (Bus type N/A) 3460 W. Seventh St. #1208 L.A. 90005 Chapter: 11 Assets: $7,050,000 Debts: $3,888,555 Doc# LA08-15961-ER File-Date: 05/01/08 Joon Khang 310-461-1342 Icebox Advertising...; Articles 2008-05-19
Chapter 7 Bankruptcy Leaves Thousands of PC Club Computer Owners Stranded in Utah and Nevada - PC Laptops Swoops in to Help More Abandoned PC Owners: SOUTH JORDAN, Utah -- PC Laptops * Tuesday's surprise bankruptcy of PC Club shuttered 37 stores in eight states including three stores in Utah and one in Las Vegas, plus its online ClubIT.com store * As the leading independent personal computer company in the Rocky Mountain...; Articles 2008-05-14
Linens 'n Things Reports First Quarter 2008 Sales Results: CLIFTON, N.J. -- Linens Holding Co. ("LNT" or the "Company"), a leading home furnishings specialty retailer known as "Linens 'n Things," today reported its sales results for the first quarter ended March 29, 2008. The Company reported total net sales of $566.9 million for the quarter, a 0.8% decrease over...; Articles 2008-05-13
Econowatch L.A. County: ECONOWATCH L.A. COUNTY* GENERAL INDICATORS ...; Articles 2008-05-12
Hilex Poly Receives Court Approval Of Its First Day Motions: Orders Will Allow Company to Provide Pay and Benefits to Employees Vendors and Suppliers Will Be Paid In Full DIP Financing Received Interim Approved HARTSVILLE, S.C., May 9 /PRNewswire/ -- Hilex Poly Co., LLC, ("Hilex" or "the Company"), the world's largest plastic bag...; Articles 2008-05-09
Court Approves SIRVA's Plan of Reorganization: Paves Way for SIRVA, Subsidiary Brands Allied and northAmerican to Emerge from Chapter 11 CHICAGO, May 7 /PRNewswire-FirstCall/ -- SIRVA, Inc. (SIRV.PK), a global relocation services provider, announced that Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York today approved...; Articles 2008-05-07
Commentary: The effect of bankruptcy and foreclosure on credit: Most people believe bankruptcy affects your ability to get credit for seven years. That is untrue. Most people may file two types. A Chapter 7 bankruptcy filing allows for full discharge of liability of certain debts. In that...; Articles 2008-05-07
ALPA issues statement on proceedings on the sale of Aloha Airlines to Saltchuk Resources: AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD The Air Line Pilots Association ALPA, representing the Aloha Airline pilot leadership, released a statement on Friday (2 May) following the suspension of proceedings for the sale of Aloha Airline's cargo operations to Saltchuk Resources Inc. The suspension took place...; Articles 2008-05-05
Econowatch: L.A. County: ECONOWATCH L.A. COUNTY ...; Articles 2008-05-05
The New Bankruptcy: The New Bankruptcy Stephen Elias Nolo Press 950 Parker Street, Berkeley, CA, 94710-2524 9781413306330, $21.99, www.nolo.com Bankruptcy is usually the last resort for most people covered in the deep, restricting sludge of debt. "The New Bankruptcy: Will It Work for...; Articles 2008-05-01
Bankruptcy filings.(FRESH BUSINESS)(Public notice): Bankruptcies are filed under the following chapter headings. 'Chapter 7--Straight bankruptcy; debtor gives up non-exempt property and debts discharged. Chapter 11--Business reorganization; protection from creditors while business devises a plan of reorganization. Income/expense reports must be filed monthly. ...; Articles 2008-05-01
Last in Line: Watch Out for the Putative "In-Kind" Exemption! In these troubled economic times, business bankruptcy lawyers increasingly find themselves involved in personal bankruptcy cases. As real estate development companies fail, the once-wealthy real estate developer might wind up in a chapter 7 or 11.' Or, perhaps your business...; Articles 2008-05-01
Econowatch L.A. county: ECONOWATCH L.A. COUNTYGENERAL INDICATORS ...; Articles 2008-04-28

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