Baseball fans have had their fair share of watching favorite teams take the plunge into Chapter 11. Texas Rangers and the LA Dodgers are two big names that have taken headlines over the last few years. Now, after 10 long months in bankruptcy court, the Los Angeles Dodgers may have finally come to an agreement  … Read more

Reddy Ice Holdings Inc. is a big player in the packaged ice manufacturing and distribution business. However, the Dallas-based ice manufacturer and distributor filed for Chapter 11 bankruptcy this week, citing over $500 million in debts. Cold Profits Reddy Ice makes about 1.8 million tons of ice a year, distributing the packaged product around the  … Read more

Not much has been off-limits in the American Airlines bankruptcy filing over the last few weeks. After several rounds of job cuts and talks of eliminating employee pensions, American has faced its fair share of criticism. Now that talks of a possible merger with US Airways strengthen, American is left fighting to stay independent in  … Read more

The manufacturers of the controversial beef product being dubbed as “pink slime” have a lot going on these days. AFA Foods Inc. filed for Chapter 11 bankruptcy earlier this week as the media bashing has created an even bigger beating to the company’s profits. Now dealing with debt resolution and reputation repair, AFA Foods  is  … Read more

After Solyndra’s high profile bankruptcy filing late last year, many have been left to wonder what the future holds for the solar energy industry. Despite high demand and profitable manufacturing operations, two more solar companies are seeking Chapter 11 this week to resolve financial problems. A Dim Future? Solar Trust of America filed for bankruptcy  … Read more

Built over 30 years ago, the Sheraton Hotel once dominated the downtown scene in Fort Worth, Texas. Now struggling with dwindling profitability the hotel has filed for bankruptcy protection to resolve its debts and prevent a foreclosure. A Short Stay? The Sheraton Fort Worth hotel has only been in business for 38 years, a small  … Read more

The interest in acquiring American Airlines has been high ever since they filed for bankruptcy late last year. As one of the nation’s leading airlines, anyone acquiring American stands to gain a huge chunk of market share in the industry. The frontrunner these days is US Airways, who is reportedly in talks with many of  … Read more

The Alamo is one of the most notable American landmarks and is a great source of history among Texas residents. With more than 2 and half million visitors per year, the Alamo brings a great source of revenue for nearby businesses. However, a hotel just steps from the Alamo’s front door hasn’t been able to  … Read more

Bankruptcy laws hold strict requirements for filing for personal bankruptcy more than once.  Often times, a debtor must wait anywhere from 4 to 8 years to file again depending on their previous filing. Despite even more strict exit criteria for business bankruptcy filings, there has been an increase in the number of businesses seeking bankruptcy  … Read more

Business bankruptcies may involve different aspects than a personal bankruptcy, but there are some overlapping similarities. As with a personal bankruptcy, there are two basic outcomes to a business bankruptcy filing: a discharge or a dismissal. A debt discharge is generally the sought after outcome in any type of bankruptcy filing, but there are times  … Read more