Tag Archives: bankruptcy filing

Stockton Part of a Long List of Cities on the Verge of Bankruptcy

  On May 30, Stockton City Council announced they’d be looking into filing bankruptcy after Wells Fargo repossessed the new City Hall they had just built. Stockton, California, is just one of a long list of municipalities nationwide that is … Continue reading

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Honesty Is of Utmost Importance in Personal Bankruptcy

Over the last 20 years, corruption has swept over the entire nation of the United States. In fact, people are surprised to hear stories of when someone does something honest like returning a purse. Politicians lie about everything to the … Continue reading

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LightSquared Announced It Was Filing Bankruptcy

Today, it was announced that LightSquared Inc. was filing bankruptcy in hopes of resolving the concerns of US regulators who have been blocking the build out of their high-speed wireless Internet. The company believed they would be able to service … Continue reading

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The Complete Cost of Filing Bankruptcy

After talking to a number of colleagues, friends and family, I have come to the conclusion that America is broke. Not only the government, but just about every American family is sliding down the slope with the country. The lucky … Continue reading

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Bankruptcy and Foreclosure Rates and What Do They Mean

At the end of 2010, many experts were predicting the foreclosure and bankruptcy rates to continue to increase through 2011 and 2012. As 2011 finished up, we saw a slight decline in Americans filing bankruptcy. This also crossed over to … Continue reading

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Hawker Beechcraft Announced It Was Filing Bankruptcy Last Thursday

On Thursday, May 3, Hawker Beechcraft announced it was filing bankruptcy to eliminate $2.5 billion in debt. The aircraft manufacturer that is based in Wichita, Kansas, filed for Chapter 11 bankruptcy on Thursday at the U.S. Bankruptcy Court in New … Continue reading

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Alabama Produce Company Is Filing Bankruptcy

 Today, it was announced that the Adams Produce Company LLC was filing bankruptcy under Chapter 11. Adams produce is more than 100 years old and based in Birmingham, Alabama. According to court records, the company filed for bankruptcy under Chapter … Continue reading

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American Airlines in Bankruptcy Is Pushing to Get Rid of Union Contracts

On Monday, more than 300 American Airlines employees protested the attempt by American Airlines to eliminate the union contracts in their bankruptcy filing. The employees showed up in force at the U.S. Bankruptcy Court where the hearing was going on. … Continue reading

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Remember When People Were Proud of Being Debt-Free

As Americans continue to get bad economic news, many people are wondering if filing bankruptcy will be in their future. This year in 2012 many politicians will start slinging mud and playing the blame game of who’s responsible for this … Continue reading

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Hostess Employee Union Contesting Bankruptcy

  Hostess Brands, iconic maker of Twinkies is in a heated battle with the Teamsters union regarding their bankruptcy filing. The employee union, which represents 7500 Hostess employees, has had trouble coming up with a feasible contract agreement with the … Continue reading

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