Tag: bankruptcy
Remington Outdoor, Co. (Remington Arms) Set To File Chapter 11 Bankruptcy
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Iconic arms manufacturer Remington Outdoor Company (operated for nearly two hundred years as the Remington Arms Company) is on the brink of filing a voluntary…
Bon-Ton Stores, Inc. – Demise Or New Lease On Life After Chapter 11 Bankruptcy Filing?
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Earlier this week, The Bon-Ton Stores, Inc. took its multi-chain brand of department stores into Chapter 11 bankruptcy. The action makes the regional chain of…
Gibson Guitar & Bankruptcy: Something To ‘Fret’ About?
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Numerous reports circulating in the past several days point to ominous signs for the future of iconic guitar maker The Gibson Guitar Company(known since 2013…
ITT TECH: AN EPIC FAILURE ON MANY LEVELS
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Many people in the United States would be surprised to learn that the profit motive in “higher education” is not something that just magically appeared…
BANKRUPTCY, LAYOFFS AND LIKELY SALE – THE “FATE” OF A PULITZER PRIZE-WINNING NEWSPAPER
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One of West Virginia’s oldest newspapers, the Charleston Gazette-Mail announced on Monday, January 29, 2018, that a Chapter 11 Bankruptcy filing “is imminent”. The actual…
Chapter 13 Bankruptcy Protection of Tax Refund the Matter of in Re Gibson
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In Chapter 13 Bankruptcy the Chapter 13 Bankruptcy Trustee will often attempt to seize or attach the tax refund of the Chapter 13 Debtor. The…
Valuation of Assets in Bankruptcy
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Valuation of property or assets in bankruptcy is an important element of any bankruptcy, including Chapter 7 and Chapter 13 bankruptcy. The proper standard of…
Bankruptcy Waiting Periods
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CHAPTERS WAITING PERIOD 7 TO 7 8 YEARS FROM PREVIOUS FILING 13 TO 13 2 YEARS FROM PREVIOUS FILING (CASE MUST BE CLOSED) 7 TO…
Florida Homestead Exemption
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The State of Florida provides a homestead exemption which is designed to protect persons from the attachment or seizure of their places of residence by creditors….
Chapter 9 Bankruptcy: Hartford, Detroit, et al
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The mayor of Hartford, Connecticut, Luke Bronin has been intimating for a number of months that the city may need to file Chapter 9 bankruptcy….
CHAPTER 7 BANKRUPTCY TREATMENT OF SECURED PROPERTY
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STATEMENT OF INTENTIONS IN BANKRUPTCY In a Chapter 7 bankruptcy, the debtor must complete and sign a form called the Statement of Intentions. The Statement…
Toys R Us, The Retail Apocalypse And Mitt Romney’s Bain Capital
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2017 has been a particularly bad year for many of the nation’s retailers. On September 19, Toys R Us announced its filing of Chapter 11…