Latest on the Bankruptcy Blog

This week in bankruptcy news: Hostess assets peak the interest of several buyers and wireless provider, Light Squared, looks to pursue investment firm for a transaction they say is hurting their Chapter 11 bankruptcy filing. Read more below: The Daily Docket: Flowers, Bimbo in Talks to Buy Hostess Bread Business LightSquared Lenders Targeting Falcone, Not  … Read more

If you are looking for mortgage debt help, a mortgage modification could be one solution to help you avoid foreclosure. Although you may have heard they can be tricky to obtain, there are some things you can do to increase your chances at a successful mortgage modification. Be Prepared Many lenders carry their own rules  … Read more

Fatburger is a popular casual dining chain around the U.S. However, nutritional challenges and the recession began putting pressure on the company’s profits since the early 2000s. After filing for Chapter 11 in 2009, the company has trimmed the financial fat and bounced back into profitability. How They Did It CEO Andy Wiederhorn purchased Fatburger  … Read more

The $25 billion mortgage settlement deal was designed to help states fund vital foreclosure help services, improving lending conditions and offer homeowners affected by the foreclosure crisis obtain restitution. Now just a few months into the fund divisions, a review of the transactions is showing that there are some holdups in the system. Slow States  … Read more

The media giant, The Tribune Co., celebrated the end of 2012 with a successful exit from Chapter 11 bankruptcy. The publishing company had a long four year run that left them back in control and with high hopes for a bright financial future. Hot Off The Press The Tribune Co. is owner of two of  … Read more

The sole purpose of bankruptcy is to provide you with debt resolution and relief from liability over old debts. This is generally done at the time of debt discharge, meaning your debts become uncollectible once the court rules the completion of your case. However, there are instances in which debt could be collectible after your  … Read more

Did you know that not all bankruptcy cases are voluntary? It’s true; there are laws that allow for a person to enter bankruptcy involuntarily. Although rare it is possible, but choosing bankruptcy can actually work for you rather than against you. Petitioning The Court An involuntary bankruptcy occurs when a person’s creditors ban together to  … Read more

When it comes to deciding which type of bankruptcy to file, many people take into consideration the timeline for concluding the case. Although not everyone qualifies for Chapter 7, one of the perks often associated with this type of bankruptcy is the shorter time to debt resolution. However, it is important to note that there  … Read more

As we start the New Year, there is much to be considered about our personal financial habits and the future of our mortgages. Whether you are buying, selling or just trying to avoid foreclosure, there are some things you can do to make 2013 a financially healthy year for home ownership. Buyer If you are  … Read more

This week in bankruptcy news, the future of Disney 3D movie capabilities could be threatened if the bankruptcy court doesn’t approve the halt to the sale of patents involved in the Digital Domain Media Group bankruptcy filing. Also, a bacterial detection technology company, MicroPhage, seeks Chapter 11 protection as it works towards future developments in  … Read more