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June 2011 Archives

Florida developer files for Chapter 7 bankruptcy

The developer who was once in charge of several Daytona Beach boardwalk projects in Florida recently filed for a Chapter 7 bankruptcy. According to the bankruptcy filing, the developer has $39 million in liabilities, with a large portion of that debt coming from a $17.5 million loan he had taken out for Ocean Walk Shoppes.

Rebuilding finances after unemployment is possible

People that have been unemployed for some time are slowly getting back to work. However, for some people the damage to their finances has already been done while they were out of work and now they are looking for debt relief to get back on track.

Bankruptcies down in Florida, but financial times still tough

Even though the number of bankruptcy filings for the U.S. Bankruptcy Court Middle District of Florida is reportedly decreasing, experts are saying that the tough financial times are far from over, and that many will continue to struggle.

Perkins & Marie Callender's file for bankruptcy

On Monday Perkins & Marie Callender's Inc. filed for bankruptcy citing poor economic conditions in some of their larger markets - like Florida - as the reason for the decline in business. So far 31 of the restaurants have closed.