Bankruptcy laws carry a specific set of guidelines for consumers. They are designed this way to prevent abuse of the system and allow for the protection of consumer debtors. However, the specific nature of the bankruptcy process also poses some challenges for those who make the home their field. In efforts to stay current with  … Read more

The American Airlines bankruptcy case has brought a lot of attention to the economic effects on major industries. As the airline has been on a roller coaster ride of debt restructuring many consumers and employees have suffered along the way. Now, the airline is attempting to move forward after a key bankruptcy plan action was  … Read more

After filing for Chapter 11 back in May, private business-jet maker Hawker Beechcraft has been continuing to suffer sales. Now, the company is looking at reorganizing into a stand-alone company as they make their way out of bankruptcy. Low Flying Profits Hawker Beechcraft was once a well known name in luxury jets for businessmen and  … Read more

Smart money management takes practice to acquire as a skill. While much of the country continues to struggle with adequate financial management, some have capitalized on this niche market by writing books on the subject. Robert Kiyosaki, author of the bestselling book “Rich Dad, Poor Dad” is one such example. However, Kiyosaki has recently found  … Read more

The turbulence surrounding American Airlines isn’t just in the air as reports continue to stir about cancellations, delay and stingy contract negotiations. Since their Chapter 11 bankruptcy filing nearly a year ago, American Airlines has had work hard to uphold its wavering reputation. After all of the ill press in recent weeks, some good news  … Read more

The electronics and appliance retail chain, Vann’s, filed for bankruptcy back in August after suffering continued drop-offs in sales. Now just two months into their Chapter 11 case, there is already a push to liquidate rather than restructure. Up In The Air The northern based retail chain has faced many obstacles, financially, in recent years.  … Read more

A Change In Bankruptcy Trends Over the years, bankruptcy statistics have shown to be quite variable. A decrease in filings was observed following the change in bankruptcy laws in 2005, but began inching back up again since the recession. Interestingly, bankruptcy filings have been considerably lower this year than in the past few years, indicating  … Read more

It was bound to happen sooner or later; customers would suffer at the hands of the American Airlines bankruptcy case. Over the weekend, many flights were cancelled or delayed as the result of, what some are saying, a staged “sickout”. Tension Rises After heated negotiations between American and the pilots unions in recent weeks, the  … Read more

As one of the biggest Dallas bankruptcy cases, the American Airlines parent company has had to face some tough decisions and negotiations in recent months. Now that the company has won the right to make changes to employee pensions and eliminate more positions in federal bankruptcy court, employees are bracing for the aftermath. Lightening The  … Read more

Many eyes have been upon the Kodak photo and film company as they filed for bankruptcy earlier this year. Now, Dallas bankruptcy cases will be met by one of the leading camera companies in Dallas-Fort Worth, Wolf Camera. History Repeating Overseeing nine Dallas-Fort Worth locations, Ritz Camera & Image LLC is a 94 year old  … Read more