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Recent Posts in Chapter 7 Bankruptcy Category

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Slight Increase Reported for Bankruptcy Filings in Tennessee

Across the nation states are continuing to experience fluctuations in bankruptcy rates. In some areas like West Tennessee, there has been a slight increase in bankruptcy filings over the past few ...
Continue reading "Slight Increase Reported for Bankruptcy Filings in Tennessee" »

Small Airline Wants to Convert from Chapter 11 to Chapter 7

A small airline has decided that it will not be able to resume operations as it had originally planned. The company is now petitioning to have its Chapter 11 bankruptcy converted into a Chapter 7 ...
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Chapter 7 Isn't Always an Option

Think that filing for Chapter 7 bankruptcy will take care of all your financial problems? If so, you should know that not everyone qualifies for this type of bankruptcy and those that are eligible ...
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Defective Stroller Producer Files For Chapter 7 Amidst Lawsuits

A company that garnered national attention after selling faulty strollers quietly filed for bankruptcy this month. News of the Chapter 7 filing is just now making splashes in the blogosphere and ...
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Actor Files for Chapter 7 Bankruptcy due to Debt

Despite his recent attempts to get back into the limelight, actor Gary Busey is saying he is broke. The aging actor filed for Chapter 7 bankruptcy last week in California. William Busey, better known ...
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Bankruptcy Filings Drop in January in South-Central Texas

Many areas of the country are seeing a slow return to how the economy was before the recession. One such area, South-Central Texas, saw a significant decline in bankruptcy filings last month when ...
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Stopping Creditors with Chapter 7 Automatic Stay

Are creditors calling you day and night? If so, you should consider filing for Chapter 7 bankruptcy so that you can receive an automatic stay. Anyone that is approved for Chapter 7 bankruptcy is given ...
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Nevada Leads the Nation with the Most Bankruptcy Filings

Statistics show that there is no debate that personal bankruptcy filings saw a serious decline in 2011. What is up for debate, however, is whether the trend will continue into the New Year. In 2011 ...
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Swimmer's Bankruptcy Lawsuit May Keep Him Out of the Olympics

One young man is fighting to keep his spot on the Olympic team despite the bankruptcy lawsuit that is keeping him in the country. The 24-year-old hopes to join the Olympic swimming team for Australia ...
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National Dental Group Moving Forward with Chapter 7

A national dental group announced that it would be filing for Chapter 7 bankruptcy along with 14 related companies. The company went before a bankruptcy judge in New York this week to discuss the ...
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Attorneys Say Bankruptcy Trend Will Continue

Although attorneys in Wisconsin report seeing a decline in personal bankruptcy filings towards the end of the year, most say that this is a short-lived trend. The general consensus amongst bankruptcy ...
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Bankruptcies Were Down First Half of 2011

A research company has reported that personal bankruptcies are down 8% for the first half of this year compared to the same period last year. Chapter 7 bankruptcies were down a total of 9% and Chapter ...
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Economy Forces Company to File for Chapter 7

Companies both large and small are being affected by the lagging economy, including a couple-owned business based out of Nebraska. The company, which manufactures outdoor wood furnaces, was forced to ...
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Bank Attends 341 Meeting as Bankruptcy Moves Forward

Even though a bank in Indiana filed for Chapter 7 bankruptcy nearly two months ago, the first meeting of creditors was not held until last week. This meeting, also known as the "341 ...
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Man Gets Jail Time Post Bankruptcy Filing

It is one thing to steal money - it is quite another to take it from the elderly. Yet, that is exactly what one man did in Texas when he stole nearly $7 million from senior citizens. The 77-year-old ...
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Understanding Debt Settlement

If you are constantly fighting with creditors over existing debts, you may be eligible for debt settlement. In short, debt settlement allows debtors to reduce the amount that they owe by working out a ...
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Restaurant with $175 Burger Pursues Bankruptcy

The restaurant known for its $175 burger announced that it would be filing for Chapter 7 bankruptcy protection this month. The Wall Street Burger Shoppe, that once held public fascination with its ...
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Which Type of Bankruptcy Will You File For?

When you first decide to file for bankruptcy, you need to choose the type of bankruptcy protection you will seek. Depending on your situation, Chapter 13 holds many advantages to its more popular ...
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Celebrity Chef Moves Forward with Chapter 7

Even though he is gaining popularity and fame through several channels, celebrity chef Geoffrey Zakarian has been forced to file for Chapter 7 bankruptcy . Zakarian, who has been on four Food Network ...
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Success By Knowing the Bankruptcy Process

When you are filing for Chapter 7 bankruptcy , you must understand the process before you begin, if you want to be successful. To begin, you must fill out an official petition, along with schedules ...
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Why Should You Hire a Bankruptcy Lawyer?

An attorney can offer you protection in three ways: from creditors, from uncertainty and from what you don't know. If you are in danger of financial failure, then you are likely already being hounded ...
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Bankruptcy is a Serious Decision

Although bankruptcy seems like a simple and brilliant plan for those who are in financial dire straights, it is not as easy as it sounds. If you do decide to file for bankruptcy it is a permanent ...
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Understanding Chapter 13 Bankruptcy

What is Chapter 13 bankruptcy? It is a type of bankruptcy that will allow you to reorganize your debts in a way that you can more easily pay them back in three to five years. Although there are many ...
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Urban Flats Files for Chapter 7

Although Urban Flats (Orlando) LLC filed for Chapter 7 bankruptcy this week a few of its restaurants will remain open. According to Lori Shew, a former vice president at Urban Flats, made a statement ...
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Bankruptcy Filings Drop in Hawaii

While overall bankruptcy filings in Hawaii dropped last month, Chapter 7 bankruptcy filings alone experienced a 4 percent decline across the state. There were a total of 288 filings, representing a 1 ...
Continue reading "Bankruptcy Filings Drop in Hawaii" »
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