A company known for pie and breakfast food is going through bankruptcy. Perkins & Marie Callender's Inc owns and franchises about 600 restaurants around the country. According to Bloomberg the company won a court approval for a $16 million financing plan that will help them stay open while working … [Read more...]
Bankruptcy Attorney: More Public Employees Experiencing Financial Hardship
June 9, 2011 By Leave a Comment
A prominent bankruptcy attorney believes the number of bankruptcies could increase– and this time for an unlikely place. Attorney Michael Greiner believes that public employees may be forced to file for bankruptcy at a higher rate because of financial pressures they’re experiencing from state and … [Read more...]
Bankruptcy Law Used to Eliminate Second Mortgages
May 10, 2011 By Leave a Comment
According to a report by Mercury News, some California homeowners are using a provision of the bankruptcy code to avoid foreclosure. The once seldom used move helps eliminate second mortgages and keep homeowners from losing everything through a bankruptcy filing. The move has been used hundreds, and … [Read more...]
Toni Braxton Opens Up About Bankruptcy
May 5, 2011 By Leave a Comment
You may think someone with a household name who has sold millions of records has it made-- but not Grammy-winning singer Toni Braxton. She's filing for bankruptcy a second time and currently starring in the reality TV show "Braxton Family Values" that follows the singer and her family. She told TV Guide … [Read more...]
Housing Market Softening, Homeowners Owe More Than Value
April 27, 2011 By Leave a Comment
The housing market is softening again in some major US cities, pushing some homeowners to consider personal bankruptcy as an escape. According to statistics, the housing market is now worse in some respects than it was a year ago. New home sales have dropped again and now nearly one out of four homeowners … [Read more...]
Bankruptcy Filings Dropping
April 15, 2011 By Leave a Comment
According to new reports, the number of bankruptcy filings is dropping. Data from American Bankruptcy Institute and the National Bankruptcy Research Center shows that in the first quarter of 2011 bankruptcy filings have dropped. The first quarter showed a decline of 6% compared to 2010. The number … [Read more...]
Bankruptcy Fraud On the Rise
March 3, 2010 By 1 Comment
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute … [Read more...]
How to Obtain a Loan, Even if You’ve Gone Bankrupt!
November 30, 2009 By Leave a Comment
With all of the things we need money for in life including homes, cars, and even home improvement projects, it is reasonable to expect you will need a loan sooner or later. … [Read more...]
Economists Predict Feeble Growth
August 4, 2008 By Leave a Comment
Current events in America have largely revolved around the stuttering Economy. While the worst of it was seen in the early parts of 2008, with the mortgage industry running straight into an enormous crisis and the automakers cutting jobs, the issues have managed to subside a bit while other sectors, … [Read more...]
The Myths Surrounding Bankruptcy
July 30, 2008 By Leave a Comment
Bankruptcy can be a very viable solution to several households who find themselves in debt that is just not manageable. However, it should only be used as a last resort since the after effects of bankruptcy can linger up to 7 years, sometimes longer. Bankruptcy filings have net yet risen to astronomical … [Read more...]