Chapter 11 Bankruptcy

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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The Top 7 Chapter 11 Bankruptcy Case Pleadings to Watch for Customers Plus Bonus Tips for Protecting Your Interests When a Company Files for Bankruptcy

07/29/11

Do you have an investment in a company that has recently filed for chapter 11 bankruptcy protection? Or are you researching a potential investment in a company that recently filed for chapter 11? Learn about how to follow these companies’ bankruptcy cases to protect your interests. To help, we’ve prepared the following presentation: The Top [...]

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Borders Discloses Offer For Inventory & Leases for Approximately 30 Stores

07/18/11

Follow @Chapter11Cases In its court filing this afternoon formally announcing the cancellation of tomorrow’s auction, Borders Group, Inc. disclosed that it “received a bid from a non-insider to purchase the inventory, furniture, fixtures, equipment and leases for approximately thirty (30) stores.”  Multiple news organizations have reported that Borders was in discussions yesterday with Books-A-Million (BAMM) on a [...]

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Borders Group (BGPIQ) Appears to Give Up Hope of Going Concern Sale

07/18/11

Follow @Chapter11Cases Borders Group, Inc. (BGPIQ.PK) announced this afternoon that “it did not require” the auction which was scheduled for tomorrow afternoon because it did not receive a “formal proposal from a going concern bidder.”  The company had received a stalking horse bid from Direct Brands, a portfolio company of Najafi Companies, which offered hope [...]

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Perkins & Marie Callender’s Claims Bar Date Set

07/18/11

Judge Kevin Gross of the Delaware bankruptcy court entered an order last week setting the deadline (or bar date) for creditors of the Perkins & Marie Callender’s restaurant companies (full list of corporate entity names included below) to file proofs of claim on account of certain pre-bankruptcy obligations. The companies voluntarily filed for bankruptcy protection [...]

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Fourth Circuit Affirms Bankruptcy Court Finding that LandAmerica Employees’ Severance Benefit Plan Claims Entitled to Priority Under Bankruptcy Code Section 507(a)(4)

07/12/11

In an opinion dated July 6, 2011 (a copy of the opinion is embedded below), the Fourth Circuit Court of Appeals affirmed a decision of Bankruptcy Judge Kevin R. Huennekens of the United States Bankruptcy Court for the Eastern District of Virginia. In the opinion (captioned Bruce H. Matson, Trustee of the LandAmerica Financial Group, Incorporated [...]

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Two Recusals, Three Divisions, Four Judges: Congressman Ruben E. Hinojosa who had his bankruptcy petition sealed, has the appeal thrown around and dropped like a hot potato by the District Judges.

07/08/11

The appellate battle between Congressman Ruben E. Hinojosa over his sealed bankruptcy petition is heating up.  It is apparently too hot to handle because it is on its fourth district judge after an unexplained transfer and two recusals.   The appeal started with Judge Janis Graham Jack in Corpus Christi.  It was the for reasons unknown [...]

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Grandma’s Fruitcake Maker Beatrice Bakery Company files for Chapter 11 in Lincoln, Nebraska

07/06/11

Beatrice Bakery Company who makes Grandma’s Fruitcake has filed for Chapter 11 bankruptcy protection in Lincoln, Nebraska.  They are operating under a 90 day cash collateral order.  Read the documents: Docket Report 1 Petition filed by their bankruptcy attorney 2 Corporate Resolution Authorizing bankruptcy filing

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Quincy Medical Center in Massachussetts files Chapter 11 with more than 5,000 creditors.

07/06/11

With health care costs rising one would think that hospitals are doing well, especially in Massachussets that has an Obamacare style individual mandate health insurance requirement signed into law by former Governor and GOP Presidential hopeful Mitt Romney, you might think that hospitals have it made.  No uninsured patients?  Well it is not as good [...]

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