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Bankruptcy for Small Businesses
23 hours ago ago from FourPx Articles
The entrepreneurial spirit is one of the touchstones of American culture that has made our country so strong. The willingness of driven individuals to step out and risk their financial stability for the sake of a business they believe in has been a catalyst of our country’s growth. However, a recent study by the University of Nevada showed that one in seven bankruptcies are filed by individuals tying to cope with the failure of a small ...
Related contentWhat Is A Chapter 7 Bankruptcy?
23 hours ago ago from FourPx Articles
During these most uncertain times, many hard-working Americans are finding themselves overwhelmed by financial problems. It can happen to even the best of people, no matter what tax bracket they may qualify for. If these circumstances do happen to you or anyone you know, it is very important that all options of relief are considered. However, most are finding that filing for Chapter 7 bankruptcy is the best alternative for financial relief. ...
Related contentChapter 11 Bankruptcy - Reorganizing Debts Will Save Your Business
10 hours ago ago from Financial Resource, a finance education and resource blog, a community on the path to financial freedom
December 21st, 2009 by bankruptcy Chapter 11 bankruptcy is available to individuals, partnerships and corporations that carry very high level of debts. Also known as “reorganization”, this bankruptcy chapter offers debtors the chance to restructure debts and become financially viable again. With chapter 11 bankruptcy debtors are allowed to keep assets such as businesses, homes, commercial buildings, equipment and automobiles. ...
Related contentBankruptcy Law & Attorneys – Important Facts To Consider
9 hours ago ago from Daily Whirl
Bankruptcy law is a federal statutory law contained in title 11 of the United States codes. Congress passed the Bankruptcy Code under its Constitutional grant of the authority to establish a uniform law on the subject of bankruptcy throughout United States. States may not regulate bankruptcy though they may pass the laws that govern other aspects of the debtor-creditor relationship. Bankruptcy allows a debtor, who is unable to pay ...
Related contentReasons to File for Bankruptcy to Stop Foreclosure
16 hours ago ago from Bank Foreclosure Help
Filing for bankruptcy under chapter thirteen is a method that is used by many homeowners to stop foreclosure. This is the only form of bankruptcy that offers hope of allowing the mortgagee to remain in the home. If you are trying to avoid losing your home to foreclosure by filing for bankruptcy, you need to file for chapter thirteen bankruptcy, not chapter seven. For people who are having trouble paying their monthly payments, bankruptcy ...
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Idearc could emerge from bankruptcy by year-end
5 hours ago ago from U.S. News
Idearc could emerge from bankruptcy by year-end DALLAS (AP) -- Yellow Pages publisher Idearc Inc. said Tuesday the U.S. Bankruptcy Court in Dallas has confirmed its reorganization plan. The decision positions the company, which was spun off from Verizon in 2006, to emerge from its Chapter 11 bankruptcy proceedings by the end of the year in a much stronger financial position. Under the proposed plan, the company's total debt will be ...
Related contentHeartland Publications Files for Bankruptcy
12 hours ago ago from BloggingStocks
Even the week of Christmas isn't enough to provide a reprieve for the ongoing rout in the newspaper industry. Heartland Publications, which publishes around 50 community newspapers in nine states, filed for Chapter 11 bankruptcy protection on Monday . The company is looking to restructure $156 million in secured debt, and blamed "significant liquidity challenges" and "weakened operating results" for the filing. Increases in the minimum wage ...
Related contentNewspaper publisher Heartland files for Chapter 11
14 hours ago ago from U.S. News
Newspaper publisher Heartland files for Chapter 11 NEW YORK (AP) -- Heartland Publications LLC, the owner of 23 daily newspapers and other publications in nine states, filed for Chapter 11 bankruptcy protection on Monday after agreeing with its major lender on a plan to cut the company's debt load by more than half. The privately held company is one of at least a dozen newspaper publishers forced into bankruptcy protection by the recession, ...
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