Liquidation

Going beyond strategic default, there's a new term called "strategic bankruptcy" to shed underwater assets. This is especially important for those who can use a recent layoff, divorce or the like, and can do a Chapter 7. I thought you might want ...

Going beyond strategic default, there's a new term called "strategic bankruptcy" to shed underwater assets. This is especially important for those who can use a recent layoff, divorce or the like and can do a Chapter 7. I thought you might want to share my experience.

J.R. Biggs, general manager at IMPACT's waste facility at the East Tennessee Technology Park, said the company filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Delaware. Meg Lockhart, a spokeswoman for the Tennessee Department of ...

Impact Services Inc. of Oak Ridge, Tenn., owes between $10 million and $50 million to creditors, according to the Chapter 7 petition filed with the U.S. Bankruptcy Court in Wilmington, Del. Under Chapter 7, a business is wound down and its ...

A Stoneham, Mass. company that sold home products direct from manufacturers at wholesale cost, is seeking Chapter 7 bankruptcy protection, according to a filing with the U.S. Bankruptcy Court in Massachusetts. The firm, Bay State Dream Homes, which was ...