Bankruptcy Blogs

Filing For Bankruptcy Can Improve Your Credit Score

08/04/11

Deciding whether to file for bankruptcy is not easy. One main concern is whether your credit rating will be hurt so much that you won’t be able to get a loan or home mortgage, even at a high interest rate. This may surprise you: In many cases, the damage done to your credit score by [...]

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Befuddled by Student Loan Consolidation

08/03/11

It is a harsh reality of today’s post-collegiate environment – two-thirds of all students now graduate with burdensome debt that can follow for many years to come. Following a recent news story on CBS Evening News, a comment was made that a student CAN have their federal student loans discharged in a Chapter 7 bankruptcy [...]

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Healthy Banks Set Up for Paralysis from Analysis

08/03/11

Banks should be subject to reasonable rules and oversight, but universal application of reviews are for the most part overkill threatening the ongoing viability of many small banks.

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Help! My Car Was Repossessed! Can Bankruptcy Help?

08/03/11

    It’s early in the morning and you are just stepping out of the door to go to work and your car is not where you left it!  Oh, no!  You knew that you were a couple of months behind on your car payments and the creditor was calling but you didn’t quite expect this!  [...]

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Mrs. Fields Couples Cookies, Caffeine in New Venture

08/03/11

Mrs. Fields is baking up a post-bankruptcy comeback, reinventing its shopping-mall counters to sell iced lattes alongside its white chocolate macadamia nut cookies and chocolate chip cookie cakes.

Mrs. Fields emerged from its two-month-long Chapter 11 restructuring in October 2008 and aimed to expand its reach despite the economic downturn that toasted even the best-baked plans. Nearly three years later, it’s seeking another expansion, this time of its offerings.

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Hotel Bankruptcy Won’t Impact Hooter’s Restaurants

08/03/11
Getty Images

Fans of chicken wings and cleavage, remain calm—your local Hooters is safe.

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Wednesday, August 3

08/03/11

Receiving Wide Coverage ... So, What Now? President Obama signed into law the compromise deal allowing the government to raise the federal debt ceiling, but economic fears persist. The U.S. stock market tanked for an eighth consecutive day, the longest down stretch since that scary period in '08. "Foreign investors and economic analysts see further action as crucial to restoring the United States' financial reputation," the Washington Post reports. "Critics in China and elsewhere warned that...

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Decision in Tweeter Opco, LLC., Holds Non-Debtor Controlling Company Liable for Debtor's Violation of the WARN Act

08/03/11

Summary

In a 24 page decision signed July 8, 2011, Judge Walrath of the Delaware Bankruptcy Court granted a motion to for summary judgment, holding a non-debtor defendant liable with the Debtor as a single employer for alleged WARN Act violations. Judge Walrath’s opinion is available here (the “Opinion”).

Background

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The Daily Docket: Lehman Fight Divides Customers, Creditors

08/03/11

Lehman Brothers Inc. Europe says the trustee winding down its U.S. counterpart could try to block European creditors from recovering $8.9 billion. But allowing such a claim has the potential to dilute recoveries for U.S. customers of Lehman Brothers Holdings Inc.’s brokerage. Read the Daily Bankruptcy Review story here.

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