Liquidation

The Associated Press reports Donnan has finally agreed to a proposed bankruptcy settlement with the company ... Per the AP, “The deal would require Donnan to repay $7.35 million to retail liquidation company GLC Limited, which says it ...

New bankruptcy laws in California have also been updated to require bankruptcy filers to reside in their state at least 2 years before they can file for Chapter 7 or Chapter 13 bankruptcy. The residency provision was added to stop individuals from moving ...

The deal would require Donnan to repay $7.35 million to retail liquidation company GLC ... A federal judge in Ohio, where GLC is being restructured in bankruptcy court, signed off on the settlement Wednesday. The agreement still needs approval ...

Martino is one of about 30 Chapter 7 trustees in the U.S. Bankruptcy Court in the Northern District of Illinois. Instead, they either "reaffirm" the $200,000 they owe on a house now worth $100,000, or they roll the dice and hope that the bank ...

That happens infrequently in bankruptcy court. Last month, the Giordano's case was converted to a Chapter 7 bankruptcy, which means what's left will be liquidated. The estate still holds $4.2 million in cash, and Martino estimates the case could ...