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Blog Posts in December, 2011

Maryland Faces Huge Foreclosure Backlog

The past few years have seen so many foreclosures logged on court records that some states anticipate going through them for decades. One popular blog in Baltimore noted that with the slow rate of ...
Continue reading "Maryland Faces Huge Foreclosure Backlog" »

Developer Files for Chapter 7 due to Belly Up Projects

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" »

Rennovator Moves Forward with Chapter 7

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" »

Businessman Takes Life after Filing for Chapter 11

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" »

Manhattan Judge Issues Surprise Ruling

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 ...
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American Comsumers' Debt Increases Every Year

The average American consumer's debt is on the rise every year and statistics show that the average low to middle-income family owes $8,650 in credit card debts alone. Based on research conducted ...
Continue reading "American Comsumers' Debt Increases Every Year" »

Retirement Community Goes Bankrupt

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" »
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