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Posts tagged "reorganization plan"

Former pro-athlete Jamal Lewis files for personal bankruptcy

In our last post we briefly talked about Chapter 11 bankruptcy, focusing on how many businesses will file for this type of bankruptcy with the hopes of reorganizing debts while still remaining in operation. However, businesses are not the only types to file for Chapter 11 bankruptcy, as individuals do too.

Kodak expected to file for Chapter 11 bankruptcy

Bankruptcy protection is not only for individuals, as many companies also experience financial turmoil. And while sometimes these issues are related to the downturn in the economy, some are also a reflection of the changing market place.

Former Florida power couple to sell $10.5 million estate

A Florida couple has gone from hosting fundraisers for presidential candidates Hillary Clinton and Barack Obama, to auctioning off their house and selling other vacation properties in order to pay back millions of dollars owed to creditors. As of now, it also appears that the couple's financial problems stem from a failed business venture.

Florida-based Appliance Direct files for Chapter 11 bankruptcy

Florida-based Appliance Direct recently filed for Chapter 11 bankruptcy, citing a bad economy and the fact that consumers just aren't spending as much on home appliances as the reasons for the company's financial troubles.

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