Latest on the Bankruptcy Blog

All too often people shy away from the Texas bankruptcy process because of a misunderstanding. Many times, people hear inaccurate information that can deter them from obtaining the debt relief they so desperately need. While bankruptcy isn’t for everyone, there is much to be gained from the process for those whose financial situation does fit  … Read more

This week, many of the courts handling the meningitis outbreak lawsuits have been brought to a standstill, after the accused pharmaceutical company filed for bankruptcy last week. There are also delays surrounding the merger of American Airlines with US Airways until the pilots contracts can be ironed out. New England pharmaceuticals company bankruptcy filing puts  … Read more

Centennial Beverage Group, which recently launched an “inventory liquidation” sale and stated earlier in December that it will not close operations, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Dallas. Centennial will continue operations as a debtor-in-possession under the Chapter 11  Bankruptcy Code. Several other motions were also filed with the courts  … Read more

The New Year is a popular time for people to buy a new car. One thing that most people agree on when it comes to buying a car is that getting a good deal takes time and effort. The best way to ensure you get the best deal is by doing your research before you  … Read more

There are many myths about bankruptcy that unnecessarily deter people from taking advantage of such a great debt relief tool. In fact, many of these are downright false. While we understand the bankruptcy process can seem scary, there is far more to be gained than lost in filing for debt resolution help. Learning The Truth  … Read more

Although many of us carry around a moderate to burdening amount of credit debt, most of us are unaware that we also have account rewards waiting to be cashed-in. In many cases, your credit card lender could owe you bonus points, or even have services to help you in a time of need that you  … Read more

Sioux Falls-based LodgeNet Interactive Corp, a provider of cable TV, on-demand movies, Nintendo video games and internet services to hotels and hospitals, will likely declare Chapter 11 bankruptcy at the end of this month. A declining revenue and money owed to vendors has put a significant strain on operations. Working Towards Debt Resolutions LodgeNet was  … Read more

As the year approaches a close, many big items are on the agenda in Washington. Two of the nation’s most controversial issues will soon be decided, either of which could have a major impact on homeowners around the country. Policy Reviews The mortgage interest tax deduction is one of two mortgage policies set to expire  … Read more

This week in bankruptcy news, popular video game maker THQ announces plans to remain in operation while it resolves it debt liabilities, more questioning surrounding the Stockton, CA Chapter 9 surfaces, and the American Airlines bankruptcy labor contract dispute inches closer towards a merger with US Airways. Read the full stories below: THQ files for  … Read more

In a time where there is much discussion about the rich, middle class and poor, you may not think that bankruptcy could be for everyone. While there are often huge differences in the numbers of people from any of these three categories filing for bankruptcy, the truth is that bankruptcy is a tool used by  … Read more