Bankruptcy Blogs

A bankruptcy judge on Thursday effectively closed the book on Borders Group Inc., approving the liquidation of most of the bookseller’s remaining 399 stores. Read the Daily Bankruptcy Review story here.

Meanwhile, Bankruptcy Beat has the list of 30 Borders stores Books-A-Million wants to keep open.

Are we really hell-bent to hear what the CFPB is going to say is "unfair?" Let the bad times roll!

In a tone as uplifting as one of his portraits, Thomas Kinkade’s art empire announced that its separately operated production unit has emerged from bankruptcy protection.

A San Jose, Calif., judge approved the Chapter 11 reorganization plan for the painter’s manufacturing subsidiary, formally called Pacific Metro LLC, enabling the business to begin following the formula for financial success it devised under the bankruptcy court’s watch.

The SBA has been far more sucessful than the Small Business Lending Fund. Restore its budget and the 90 percent loan guarantees.

A bankruptcy discharge is one of the most common reasons for filing for bankruptcy.  A discharge releases you from personal liability for debts that qualify under federal law.  It is a permanent order granted by a bankruptcy court.  Any debts you successfully discharge in bankruptcy will basically disappear and your creditors can never come after [...]