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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...
- Articles 2007-10-02
Additional Resources
- Oilex Placed Into Chapter 7 Bankruptcy Proceedings
- LULING, Texas--BUSINESS WIRE--Dec. 25, 1998--Oilex, Inc. (OTC BB:OLEX) has been placed into Chapter 7 Bankruptcy Proceedings under a ruling by the United States Bankruptcy Court for the District of Nevada. The ruling modifies an earlier petition by the company under which the company initiated voluntary bankruptcy proceedings under Chapter...
- Research articles 1998-12-25
- Charlotte, N.C.-Based Airline Files for Chapter 7 Bankruptcy.
- By Ted Reed, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jun. 27--Charlotte-based Saber Cargo Airlines has filed for Chapter 7 bankruptcy and closed down, victim of the economic slowdown and an ambitious aircraft purchase. The carrier, which specialized...
- Research articles 2003-06-27
- Wichita, Kan., Caterers File for Chapter 7 Bankruptcy.
- By Novelda Sommers, The Wichita Eagle, Kan. Knight Ridder/Tribune Business News Feb. 28--The owners of several downtown catering businesses for the past five years filed for Chapter 7 bankruptcy Tuesday. A Chapter 7 filing usually leads to the liquidation of a business....
- Research articles 2002-02-28
- Esskay Mfg. to liquidate in Chapter 7 bankruptcy. (Esskay Manufacturing Co.) (Brief Article)
- SAN ANTONIO, Texas FNS -- Esskay Mfg. Co., which formerly held the Christian Dior and Hathaway licenses for boys' and young men's suits and sports coats, will liquidate in Chapter 7 bankruptcy proceedings. Ray Patterson, chief executive officer, told DNR in a telephone...
- Research articles 1993-06-24
- Fitness Club Owner in Illinois Files for Chapter 7 Bankruptcy.
- Knight Ridder/Tribune Business News Aug. 10 -- After more than a two-year struggle to save his home and business, John Connors has filed for bankruptcy and Union Planters Bank is planning to take over the Kings Point fitness club. Union Planters attorney...
- Research articles 1999-08-09
- Albany, N.Y., developer files Chapter 7 bankruptcy petition.
- By Joshua Hurwit, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News Nov. 5--ALBANY, N.Y. -- More than $1 million in assets belonging to longtime Capital Region developer Armand Quadrini face liquidation, federal court documents show. Quadrini listed just more...
- Research articles 2004-11-05
- OurBeginning.com. (In the News).(files for Chapter 7 bankruptcy liquidation)(Brief Article)
- OurBeginning.com, the online stationery store that enjoyed fleeting fame with its "battling brides" Super Bowl ... OurBeginning.com, the online stationery store that enjoyed fleeting fame with its "battling brides" Super Bowl commercial two years ago, filed for Chapter 7 bankruptcy liquidation after burning through $7.5...
- Research articles 2002-03-01
- Chapter 7 Bankruptcy Basics
- Chapter 7 is generally the simplest and quickest form of bankruptcy and is available to individuals, married couples, corporations and partnerships. A trustee appointed by the court sells some of your property and the profits are distributed to creditors according to federal law. Property that is "exempt" isn't available...
- White papers 2003-01-01
- What Is a Chapter 13 Bankruptcy?
- Many consumers that are bogged down in debt frequently turn to bankruptcy as a form of restoring their financial status back to a zero balance. Unfortunately many of these same consumers are confused when it comes to the difference between a Chapter 13 bankruptcy and a Chapter 7 bankruptcy. This...
- White papers
- Babygear.com files Chapter 7.(files for bankruptcy)(Brief Article)(Statistical Data Included)
- Popular e-commerce site folds due to lack of funding New York -- Online retailer Babygear.com filed Chapter 7 bankruptcy and ceased operations in December citing a lack of continued funding by investors. The 2-year-old electronic retaili...
- Research articles 2001-01-15
- LexisNexis CourtLink Data Shows 2006 Chapter 7 Figures 71% Less Than 2004; LexisNexis Bankruptcy Expert Addresses Law One Year Later
- DAYTON, Ohio -- Nearly one year has passed since enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Oct. 17, 2005). LexisNexisR CourtLinkR compiled data shows 2006 Chapter 7 bankruptcy filings (Jan. 1 - Sept. 15) are 71 percent lower than 2004 Chapter 7 filings for the...
- Research articles 2006-09-19
- EMEX FILES CHAPTER 7 LIQUIDATION; 'REVOLUTIONARY' GTL PROCESS CLAIM LEFT UNPROVEN
- Colorado-based Emex just filed Chapter 7 bankruptcy liquidation in U.S. Bankruptcy Court in Colorado, possibly spelling the end of a GTL road paved with bold promises but unproven claims. Emex's press release and Form 8-K filing with U.S. Securities & Exchange Commission SEC reveals that the company "generated...
- Research articles 2003-01-01
- Weight loss firm target of FTC files Chapter 7
- Enforma Natural Products Inc., which has been in court for years debating Federal Trade Commission charges that it made unsubstantiated weight loss claims about its Fat Trapper, Exercise in a Bottle and other products, has filed for bankruptcy in the U.S. Bankruptcy Court, Central District of California. In documents...
- Research articles 2005-07-04
- Primix Plans to File Chapter 7 Bankruptcy
- Business/Technology Editors WATERTOWN, Mass.--BUSINESS WIRE--Oct. 14, 2002 Primix Solutions Inc. (PMIX.PK) today announced that the company plans to file for protection under Chapter 7 of the Bankruptcy Code. The company expects that such a filing will be made within the next few weeks.
- Research articles 2002-10-14
- Emex files Chapter 7 liquidation; 'revolutionary' GTL ULSD process claim left unproven
- Colorado-based Emex just filed Chapter 7 bankruptcy liquidation in U.S. Bankruptcy Court in Colorado, possibly spelling the end of a gas-to-liquids GTL clean-diesel road paved with bold promises but unproven claims. Emex's press release and Form 8-K filing with U.S. Securities & Exchange Commission SEC reveals that the company...
- Research articles 2003-01-20
- Interexpo nixes N.Y. event; liquidates under Chapter 7. (New York, New York)
- The officials and staff of Interexpo, a trade show organizer, decided to cancel its footwear trade show which would have been slated on Sep 26-28, 1993, at New York City's Pier 92. The organizer also filed for Chapter 7 bankruptcy protection. Interexpo officials said the company tried to do too...
- Research articles 1993-08-02
- Roanoke, Va., Construction Company Files for Chapter 7 Bankruptcy.
- By Keisha Stewart, The Roanoke Times, Va. Knight Ridder/Tribune Business News Nov. 23--A Roanoke construction company was one of three businesses to file recently in bankruptcy court. U.S. Construction of Roanoke Inc. has filed for Chapter 7 liquidation, listing...
- Research articles 2002-11-23
- Washington County, N.Y., Cabinet Maker Files for Chapter 7 Bankruptcy.
- By Jeremy Boyer, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News Jan. 24--The owner of a Washington County cabinet-making company that closed during the summer has filed for liquidation. Robert P. Johnston, owner of Darilee Industries at 20 School St., ...
- Research articles 2003-01-24
- Orangeburg, S.C., Steel Company Files for Chapter 7.
- By John P. McDermott, The Post and Courier, Charleston, S.C. Knight Ridder/Tribune Business News Jun. 11--A steel manufacturer that invested $17 million in Orangeburg County but ran out of cash before it could create the 150 high-wage jobs it promised tossed in...
- Research articles 2004-06-11
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