Recent Posts in Bankruptcy in the News Category
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Posted on Dec 8, 2011 By Bizar & Doyle, LLC
As the housing economy across the country is struggling to regain its former grandeur, developers left and right have been filing for bankruptcy. One such developer in Wichita was forced to file for ...
Continue reading "Developer Files for Chapter 7 due to Belly Up Projects" »
Posted on Dec 7, 2011 By Bizar & Doyle, LLC
A man known for working to renovate the downtown area has filed for Chapter 7 bankruptcy this month. Rather than build on the fringes of the city like many other developers do, this man has made it ...
Continue reading "Rennovator Moves Forward with Chapter 7" »
Posted on Dec 6, 2011 By Bizar & Doyle, LLC
Police are investigating the case of a businessman who took his own life last week in Aspen. The restaurateur moved from Las Vegas to Aspen last year in 2008 to open up a restaurant and club. Just a ...
Continue reading "Businessman Takes Life after Filing for Chapter 11" »
Posted on Dec 5, 2011 By Bizar & Doyle, LLC
A Manhattan judge issued a surprising ruling this week regarding the bankruptcy case of a brokerage firm. The New York based firm filed for business bankruptcy earlier this year, prompting an outcry ...
Continue reading "Manhattan Judge Issues Surprise Ruling" »
Posted on Dec 1, 2011 By Bizar & Doyle, LLC
A decline in the housing economy thwarted the success of an upscale retirement community in Chicago. The retirement home, located in popular yet wealthy section of the city, was expected to draw a ...
Continue reading "Retirement Community Goes Bankrupt" »
Posted on Nov 28, 2011 By Bizar & Doyle, LLC
One of the greatest institutions of our nation, the postal service, is in danger of filing for bankruptcy. In an effort to hold off on business bankruptcy, the U.S. Postal Service is taking measures ...
Continue reading "Postal Service Faces Bankruptcy" »
Posted on Nov 22, 2011 By Bizar & Doyle, LLC
The state of Indiana received good news last month: it had fewer bankruptcies during the last fiscal year compared to the previous year. According to one recent report, the state saw an 8 percent ...
Continue reading "Bankruptcy Statistics Show Decline" »
Posted on Nov 21, 2011 By Bizar & Doyle, LLC
A global firm is in hot water after filing for business bankruptcy earlier this month. While this is not surprising in and of itself considering the high rate of business bankruptcies recently, there ...
Continue reading "Global Firm in Hot Water" »
Posted on Nov 17, 2011 By Bizar & Doyle, LLC
Good news - bankruptcy filings are on the decline across the country, giving hope that the economy may slowly be starting to repair itself. According to one researcher, the filings for October 2011 ...
Continue reading "Bankruptcy Filings Lower in October" »
Posted on Nov 14, 2011 By Bizar & Doyle, LLC
Rather than decide the case herself just yet, a bankruptcy judge in Wilmington, Delaware has ordered a national bank to continue mediation with its creditors. According to her ruling last week, the ...
Continue reading "National Bank Ordered to Continue Creditor Mediation" »
Posted on Nov 8, 2011 By Bizar & Doyle, LLC
A real estate developer in Florida may be forced to file for Chapter 7 bankruptcy if the company's creditors get their way. When a company has serious debts, its creditors can file a motion to ...
Continue reading "Creditors Forcing Company into Chapter 7" »
Posted on Nov 7, 2011 By Bizar & Doyle, LLC
A popular pizza restaurant chain in Chicago, Illinois could be coming to the end of its business bankruptcy filing, thanks to a serious offer to buy out its restaurant operations. According to a ...
Continue reading "Pizza Chain Gets Buy Out Offer" »
Posted on Oct 21, 2011 By Bizar & Doyle, LLC
An Arizona based racetrack has filed for Chapter 7 bankruptcy and has created numerous headaches for the trustee responsible for overseeing the case. The bankrupt racetrack owes millions of dollars to ...
Continue reading "Arizona Racetrack Still Sorting Through Bankruptcy" »
Posted on Oct 17, 2011 By Bizar & Doyle, LLC
One organization sparked a controversy recently when their business bankruptcy judge allowed the company to give out millions of dollars in bonuses to a few hundred top managers in the company. ...
Continue reading "Company Gives Out Executive Bonuses during Business Bankruptcy" »
Posted on Oct 11, 2011 By Bizar & Doyle, LLC
Not all bankruptcy cases are easy to complete, especially when they involve millions of dollars worth of debt. Such is the case of a national newspaper company that has been attempting to complete its ...
Continue reading "Newspaper Still Trying to Resolve Bankruptcy" »
Posted on Oct 4, 2011 By Bizar & Doyle, LLC
A camera company is vehemently denying recent claims of business bankruptcy despite public knowledge that the company is failing. As the company that brought the first consumer camera to the market in ...
Continue reading "Camera Company Still Denying Bankruptcy Rumors" »
Posted on Sep 29, 2011 By Bizar & Doyle, LLC
A Swedish car company has finally been approved for bankruptcy protection, a necessary move to save it from financial ruin. News sources say that a court approved the business bankruptcy this month, ...
Continue reading "Car Company Gets Bankruptcy Approval" »
Posted on Sep 27, 2011 By Bizar & Doyle, LLC
The CEO of a large investment management firm filed for bankruptcy this month after being approved for a lifetime ban from the securities industry. As with any Chapter 7 bankruptcy filing, the CEO ...
Continue reading "Former Investment Firm CEO Files for Chapter 7" »
Posted on Sep 26, 2011 By Bizar & Doyle, LLC
In order to avoid being liquidated, one major jewelry company was forced to file for Chapter 11 bankruptcy this month. The company's largest creditor, a bank, filed papers of intent in July ...
Continue reading "Jeweler Files for Chapter 11 to Avoid Liquidation" »
Posted on Sep 23, 2011 By Bizar & Doyle, LLC
The governor of Illinois was proud to announce a new program that is designed to help those families that have been hit the hardest by a tough economy avoid foreclosure. The program, entitled ...
Continue reading "New Foreclosure Program Announced in Illinois" »
Posted on Sep 20, 2011 By Bizar & Doyle, LLC
Curious who is filing for bankruptcy these days? Well, if you guessed college graduates, you would be correct. In fact, individuals with bachelor's degrees are the fastest growing group of ...
Continue reading "More College Graduates Filing for Bankruptcy" »
Posted on Sep 19, 2011 By Bizar & Doyle, LLC
A Los Angeles baseball team has had a difficult year while its owner not only went through a messy divorce, but filed for business bankruptcy as well. The team was forced to file for bankruptcy back ...
Continue reading "Professional Baseball Team Still Dealing with Bankruptcy Battle" »
Posted on Sep 5, 2011 By Bizar & Doyle, LLC
One of the largest newspaper companies in the country is plowing ahead in its business bankruptcy plans with talk of a new incentive program. If successful, the payout plan will help the company ...
Continue reading "Bankrupt Newspaper Introduces New Incentive Plan" »
Posted on Aug 25, 2011 By Bizar & Doyle, LLC
After fighting with creditors for months now, a major newspaper publisher has taken a break from its business bankruptcy proceedings to settle a lawsuit. The suit, filed in 2008 by former employees of ...
Continue reading "Company Takes Break from Bankruptcy Case to Address Lawsuit" »
Posted on Aug 9, 2011 By Bizar & Doyle, LLC
While the recipes behind a Chicago pizzeria's famous pies have long been secret, they are becoming a serious issue in the company's bankruptcy case. While all of the franchises are supposed to ...
Continue reading "Franchises Anger Disrupts Pizzeria's Bankruptcy" »
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