Liquidation

Americans: Too broke to go bankrupt - Yahoo Finance

05/07/12

This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500, according to ...

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Too broke to go bankrupt - CNN Money

05/07/12

NEW YORK (CNNMoney) -- This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $ ...

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Bankruptcy filings drop in N.O. area - WWL-TV

05/06/12

according to U.S. Bankruptcy Court for the Eastern District of Louisiana. New Orleans CityBusiness reports (http://bit.ly/Km1bVw ) there were 305 filings last month compared with 337 in April 2011. By specific filings: - Chapter 7: Down 12.6 ...

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Minnesota bankruptcies - Chicago Tribune

05/05/12

Bankruptcy filings from the following counties: Becker, Clay, Douglas, Grant, Hubbard, Mahnomen, Norman, Otter Tail, Polk, Traverse, Wadena and Wilkin. Clifton Edward Bodle, Ottertail, general laborer, Chapter 7, debts of $427,804, assets of $216,540.

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Octomom Debt Mounts - Chapter 7 Bankruptcy Equals New Film Career (Photos) for Nadya Suleman - National Ledger

05/05/12

Nadya Suleman (aka "Octomom") was forced to file Chapter 7 bankruptcy as her debts have mounted and her assets are dwindling. Chapter 7 is the most serious form of bankruptcy and ABC News reports, "the mother of 14 filed claims she owes from $500,000 to $1 ...

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Octomom Debt Breakdown: Files For Chapter 7 Bankruptcy - dbtechno.com

05/05/12

Nadya Suleman has learned a very good lesson in economics. If you are an unemployed single mother of 14, then expenses will eventually exceed income. A few weeks ago she applied for welfare and on Monday she filed for Chapter 7 Bankruptcy.

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Analysts: Debt load and down market drove Kansas plane maker to bankruptcy protection - Republic

05/05/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books and eliminate almost $125 million in annual cash interest expenses.

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Barton Still Applies To Bankruptcy Trustees, 3rd Circ. Says - site.law360.com

05/04/12

A Pennsylvania bankruptcy court had granted leave to a land purchaser in a Chapter 7 bankruptcy to file suit in state court against the trustee, though the court expressed some doubt as to whether its permission was needed, speculating that Barton was ...

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'Bankruptcy light' orders up 40% as graduates battle to find jobs and pay off debts - Daily Mail

05/04/12

The orders – dubbed ‘bankruptcy light’ because they allow people to escape ... in the first part of the year – a 40 per cent jump on two years ago and a 7.3 per cent rise on last quarter. However, the overall number of personal insolvencies ...

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Debt, down market drove plane maker to bankruptcy - Syracuse Post-Standard

05/04/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books and eliminate almost $125 million in annual cash interest expenses. Hawker ...

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