A leading local news and information company, Journal Register Co., has found itself in the red once again. As a multi-platform news syndication  company, they provide content and advertising for local news outlets. After previous efforts failed to resolve their financial troubles, Journal Register is filing for bankruptcy to resolve its debts and regain profitability.  … Read more

Technology is a wonderful thing. It allows us to streamline communications, research with ease and gain a unique perspective on the world around us. At the Lee Law Firm, we are always working to better serve our clients and we are proud to announce a new feature. As part of our initiative to improve customer  … Read more

Tough economic conditions have sent personal and business bankruptcy filings in an upward trend for the last few years. However, over the last few months reports show that both types of bankruptcies are decreasing to pre-recession levels. Good News Brings Hope Although bankruptcy is not to be looked at as a negative thing, the truth  … Read more

In the last few months numerous California cities have filed for bankruptcy. As one of the states suffering the most with foreclosure and debt troubles, many municipalities have not been able to meet their financial obligations. This week, one of the nation’s top credit rating agencies, Moody’s, reported that more California municipal bankruptcies are expected  … Read more

Since the Hostess bankruptcy filing earlier this year, there has been much debate as to the source of their repeated financial problems. Blaming union obligations for their overburdened debt load, company officials have been developing a proposal in hopes of resolving some of its multimillion dollars in debt. History Repeating? This week Hostess will present  … Read more

The employees of American Airlines have been waiting in limbo for months to see what their future holds. After talks of severe pension and benefit cuts circulated the rumor mill, employee unions have gone on the initiative in attempt to save their hard earned payouts. Speaking Up American Airlines employees certainly have suffered the brunt  … Read more

In today’s economy, there isn’t much room for error in business. The retail market is far from what it once was and many retail stores aren’t able to withstand the lack of consumer spending. Motif Modern Living is one furniture retailer who has learned the hard way that people today simply aren’t spending money on  … Read more

This week some important decisions were made in the American Airlines bankruptcy case. After tense contract negotiations with union members and talks of a buyout, the presiding judge handed down a game-changing decision. Notable Moments A federal bankruptcy judge has handed down a decision that is the first of its kind in history. Having blocked  … Read more

Three California cities have filed for municipal bankruptcy in the last several weeks. With economic concerns strengthening in areas like California, it seems that even city governments aren’t immune from financial hardship. While debt restructuring efforts through bankruptcy are a good thing, not everyone is protected from ill effects of the debt negotiation process. Stalled  … Read more

As if American Airlines hasn’t faced enough turmoil over the last 9 months in their Texas bankruptcy case, the Federal Aviation Administration is seeking to add fines to the list of owed debts. The parent company, AMR Corp., could be facing an additional $162 million in fines if the FAA has its way. Costly Violations  … Read more