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Blog Posts in 2010

Ambulance Company Forced to File for Bankruptcy

An ambulance company in Lebanon Township has been forced to file for Chapter 7 bankruptcy after local authorities and officials have been questioning its ownership. The Lebanon Township First Aid ...
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GMAC Mortgage Company Allowed to Continue with Foreclosure Sales

A three-week suspension agreement between Attorney General Janet Mills and GMAC Mortgage Company is now followed by a federal judge allowing the company to resume foreclosure and eviction proceedings. ...
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Federal Prosecutors Catch On To Foreclosure Scam

Three residents of southern California are in big trouble now that federal prosecutors have caught on to their foreclosure rescue scam. They used fake bankruptcy filings to stall the foreclosure of ...
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MGM Working with Federal Bankruptcy Court to Create Plan

Major Hollywood player MGM is working with a federal bankruptcy court to create a bankruptcy plan for the failing company. MGM filed for Chapter 11 bankruptcy protection over a month ago, a ...
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Freedom Communications Incorporated Considers Buyers' Offers Post-Bankruptcy

Freedom Communications Incorporated is considering recent offers to purchase its TV stations and newspapers. This comes at a time when the company is publicly reviewing strategic options for itself ...
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Why Do People File for Consumer Bankruptcy in the U.S.?

There are countless reasons why people may choose to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy . However, statistics compiled throughout the nation show that the majority of consumers in ...
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Chemtura May Exit Chapter 11 Bankruptcy

Although they were financially shaky a few months ago, Chemtura Chairman and CEO Craig Rogerson is showing signs of hope for the restructuring of his company. Having finally completed the financial ...
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Former Prosecutor Files for Chapter 7 in Idaho

This week, news sources announced that a former prosecutor from Canyon County, Idaho filed for Chapter 7 bankruptcy . The former prosecutor, John Bujak, reported assets at $500,000-$1 million against ...
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FBI Will Investigate Foreclosure Practices

Even the FBI is getting involved in the investigation against lending companies and the increasing amounts of homes that are being foreclosed on. This is in addition to effort by attorneys general ...
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Hines Nurseries LLC Files for Chapter 11

In Irvine, Hines Nurseries LLC has recently announced that it has filed for Chapter 11 bankruptcy protection. The company told new sources that it chose to file for bankruptcy after getting hit by a ...
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Texas Attorney General Announces Foreclosure Proceeding Investigation

This week, Texas Attorney General Greg Abbott announced that he will be working with other attorney generals and regulators from 49 other states. The group will partner to investigate improper ...
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Local YMCA to File for Chapter 7 Bankruptcy

This week, spokesperson with The Beaumont Metropolitan YMCA has announced that it will file for Chapter 7 bankruptcy and stop all operations. The decision was reached by the YMCA's Board of Directors ...
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Texas Rangers Sign Major TV Deal Post Bankruptcy

This week, it was announced that the Texas Rangers, a Major League Baseball team, signed a 20 year extension of its TV deal with Fox Sports Southwest. Prior to this recent announcement, much publicity ...
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What is Wage Garnishment?

Wage garnishment is a procedure that allows a creditor, such as a credit card company, to go to court and get an order that will require a person's employer to withhold a portion of the person's ...
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Living Within Your Means Post Bankruptcy

After you have filed for bankruptcy, whether Chapter 7 or Chapter 13 , one of the most important things that you can do to avoid future financial problems is to live within your means. Living within ...
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Special Forbearances Explained

A special forbearance is an option that people should consider when they have fallen behind on their mortgages and are facing bankruptcy or foreclosure . When people ask for a special forbearance, ...
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Shubh Hotel Filing for Bankruptcy Protection

Recently, Shubh Hotels Pittsburgh, LLC filed for bankruptcy protection. The company is the owner of Pittsburgh's largest hotel and its filing occurred days after Hilton Hotels Corp. terminated its ...
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Do People have to Appear in Court when Filing for Bankruptcy?

When people file for bankruptcy, whether Chapter 7 or Chapter 13 , they may wonder if they will have to go to court for their bankruptcy proceedings. Generally speaking, most people do not have to ...
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The Chapter 13 Confirmation Hearing

Anytime people file for Chapter 13 bankruptcy , they may have to appear at a Chapter 13 confirmation hearing. The confirmation hearing is held 30 to 45 days after people's 341 hearing and attendance ...
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Giudices' Bankruptcy Auction to be Postponed

This week Sunday, Teresa and Joe Giudice were supposed to have a public auction of their household furnishings at their 5 million Towaco mansion after filing for bankruptcy in New Jersey. However, the ...
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Chapter 7 and Debt Discharge

One advantage that people have when they choose to file for Chapter 7 is that their unsecured debt is discharged. This means that debt that they owe to creditors or financial institutions is ...
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Welcome to our South Texas Bankruptcy Blog

We are pleased to announce the launch of our South Texas bankruptcy blog .
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Chapter 7 vs. Chapter 13

If you are thinking about filing for Chapter 7 or Chapter 13 bankruptcy , it is important that you understand each type of bankruptcy involves a different set of circumstances. For this reason, ...
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