June 10, 2011
If you are a small business owner that is still in business after the most recent economic downturn -- that doesn't mean you are out of the woods. If your company is struggling, face the facts about the health of your business, and then come up with a strategy.
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On the Edge of Bankruptcy . . . the Postal Service?
May 23, 2011
Summary
The Postal Service is near insolvency. Caused by diminished business, strong, but insufficient costcutting, and statutory financial obligations, by next year it may not be able to keep functioning. This article addresses why, what can be done, and...
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Fourth Time’s A Charm: How Donald Trump Made Bankruptcy Work For Him
April 29, 2011
Here at FORBES, we’ve been tracking Donald Trump’s wealth since the inaugural Forbes 400 rich list in 1982. Today, we value him at $2.7 billion, although he claims he’s worth far more. One question we’re often asked when talk turns to Trump’s fortune: how can...
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Chapter 11 case converted to Chapter 7, I want to dismiss it ASAP...
Happy New Year....
My Chapter 11 case which I did pro se was supposed to stay a foreclosure but the lender won judgment on the motion to lift stay and now they can foreclose on us.
The US trial attorney in my chapter 11 case had recommend that my case be dismissed due to many...
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Blockbuster Bankruptcy Plan Expected To Be Filed In January
December 28, 2010
The video rental chain Blockbuster Inc. recently asked a New York bankruptcy court for an extension on their Chapter 11 bankruptcy protection plan with hopes of having their new deadline for late March. The Phoenix Business Journal reported that the company is set to have...Last edited by Flamingo; 12-30-2010, 01:58 PM.
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Another "Real Housewives" Star Files For Bankruptcy
November 18, 2010
'Real Housewives of New York City' star files for bankruptcy
Sonja Morgan, star of Bravo’s The Real Housewives of New York City, filed for bankruptcy yesterday, People reports.
“The decision to seek bankruptcy relief was not an easy...
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Ch 11: how much disposable income do I need to pay unsecured creditors?
Does anyone know in a ch 11 plan how much disposable income needs to be available to pay the unsecured creditors? Is it a percentage of the amount of unsecured debt I have? Or are there no rules and it just depends if the unsecured creditors vote for the plan?
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Chapter 11 and Medical Malpractice
I am currently pursuing a malpractice claim, after my attorney sent the notice of intent to sue, we recieved a letter informing us that the medical office has filed chapter 11 about a month after the incident in question. Does chapter 11 affect my law suit?
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Need advise - Lots of Secured and Unsecured Debt
Ok, here is my situation. My wife and I have been in business for ourselves since 1986. We run 3 separate retail businesses.
We grew one of the businesses into a 6-store chain that was very successful for many years but no longer. In the last few years we were forced to close 5 of the
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Anyone with Chapter 11 knowlege or experience?
I'm still undecided, and have started getting calls from collection agencies.
recap of my situation:
#1. more than 100k cc debt
#2. exceeds state's limitation of secured/unsecured debt for ch 13. So can't do ch 13.
#3. have 2 home, one letting go, other planning...
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Lost all $s, loosing health and still don't know what's coming!!!!
In advance, thanks for reading my post since its lenthy.
Well, I live in CA (Bay Area - East Bay). Pls help me out with this delima before I get schizophrenia (brain disorder).
Item #1: Bought one house in 2005 for 730k, RE value depreciated by almost 55%. Paid 20% down...
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