Kodak is on the verge of regaining their financial footing after seeking protection through a Chapter 11 bankruptcy filing in the United States. The company made a huge step to be able to emerge from their financial struggles to settle outstanding debt and recover. To end its Chapter 11 bankruptcy, Kodak is attempting to sell  … Read more

This week in bankruptcy news: A young electric car manufacturing company files for bankruptcy protection this week after selling a a dismal 100 electric sedans in the last year. Meanwhile, Kodak exits bankruptcy a slimmed down version of what it once was; hoping to regain profitability again in the future. Electric Car Maker Files for  … Read more

A recycling plant in North Bergen, New Jersey is filing for bankruptcy under Chapter 11. With assets totaling $10.5 million and liabilities at $13.6 million, the recycling plant has struggled to stay afloat in the midst of controversy. The plant has pleaded guilty to unlawful activity including illegal dumping. Their actions have resulted in approximately  … Read more

This week in bankruptcy news: Former Supermodel, Janice Dickinson, files for bankruptcy after struggling to pay back a near $1 million in debt obligations for legal and cosmetic services. A D.C-based workplace consultant and furniture dealer faces an increasing number of creditor claims after their Chapter 7 filing last month. Read the full stories below:  … Read more

Individuals and families aren’t the only ones facing difficult financial times. Rumors of financial struggles surrounding Nashville’s Schermerhorn Symphony Center were realized this week. Recently, whispers concerning the Schermerhorn Center and the possibility of bankruptcy were circulating throughout Nashville. Now, it has been confirmed that the Schermerhorn Symphony Center has a deadline in April to  … Read more

Once dominating the Texas electricity industry, Energy Future Holdings Corp. has been struggling to maintain majority market share in recent years. With continued financial challenges on the rise, the company is considering a prepackaged bankruptcy plan to resolve their debt obligations with creditors. Big Plans In A  Big Package Once called TXU Corp. the company  … Read more

This week in bankruptcy news: A lesser known airline in the bankruptcy world, Memphis-based Pinnacle, will be exiting Chapter 11 under the wings of Delta airlines. Also headlining this week is The Scooter Store, the seller of electrical scooters popular among the elderly and disabled, who found themselves insolvent after Medicare fraud discoveries were made.  … Read more

When Hostess announced that it would be seeking protection under Chapter 11 bankruptcy last year, the entire nation was caught by surprise. As the nation’s maker of Twinkies, Hostess has been producing iconic American treats such as Ho Hos and Wonder Bread for decades. After filing for Chapter 11, Hostess began selling properties to recoup  … Read more

This week in bankruptcy news: A bankruptcy judge approves the sale of Hostess’ assets to satisfy debt obligations, and the Casey Anthony bankruptcy case takes a publicized turn for the worse when the trustee asks the court for permission to sell her life story in order to settle her $800,000 debt to creditors. Read the  … Read more

As one of the Dallas-Fort Worth leading bankruptcy specialists, the Lee Law Firm has been serving residents in their quest for debt relief for quite some time. As part of our initiative to continuously improve customer service, the Fort Worth bankruptcy office location just got a face lift. Light Up The Skies One of the  … Read more