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November 2012 Archives

Solar panel maker files for bankruptcy 2 years after closing

When talking about filing for bankruptcy, many incorrectly assume that the filing must come while the company is still in business. And while it is true that filing for bankruptcy while still in business can do a lot in terms of possibly saving the business, there are cases where a business files after it has already shut down.

Bankruptcy filings expected to increase in Florida

Even though bankruptcy filings are down around the country, the U.S. Bankruptcy Court for the Middle District of Florida is struggling with backlog cases. Furthermore, many expect the overall number of filings to actually increase as many Florida residents end up filing as a way to try and avoid foreclosure.

Hostess to close after filing for bankruptcy

Back in January we posted about Hostess Brands Inc. filing for Chapter 11 bankruptcy. The hope was this restructuring would allow the company to figure out a way to pay off its creditors and once again be a profitable business.

Braxton feels foreclosure woes like many Florida residents

Back in September 2011 we posted about a judge granting singer Toni Braxton a bankruptcy discharge. This came after the award winning singer filed for Chapter 7 bankruptcy in 2010. This was the second time the singer had filed for personal bankruptcy. The first time was in 1998.

Unemployment and weak economy effects consumer debt

Going by current consumer debt numbers, while the economy is continuing to struggle, many are still taking on student loan and auto loan debt. The thought is that as the economy continues to improve, consumers will once again feel confident enough to take on credit card debt.

Researchers find correlation between Facebook and credit card debt

Out of control credit card debt often leads people to seek out debt relief. This can include discharging debts through a Chapter 7 bankruptcy or reorganizing what is owed with a Chapter 13 bankruptcy. However, some go with the route of debt consolidation hoping that combining multiple debts into one payment will lead to better control of their financial situation.

Indie rocker Cat Power seeks bankruptcy protection

Debts can quickly spiral out of control. What may start off as just some medical bills and credit card debt, can lead to repeated phone calls from creditors and the threat of wage garnishment. This in turn can lead to people seeking all types of debt relief, including bankruptcy.

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