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Third Texas Company that Received State Taxpayer Funds Has Declared Bankruptcy

San Antonio, TX - A third tech company that received taxpayer money through Governor Rick Perry’s Emerging Technology Fund, a business incubator, has filed for bankruptcy.

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North Dakotans Can Get Debt Relief through Bankruptcy

Bismarck, ND- Although North Dakota has one of the lowest numbers of bankruptcy filings in the country many residents in the state still face economic troubles. Many individuals and businesses that are saddled with debt need relief and a bankrupt ...

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RoomStore, Furniture Retailer, Seeks to Sell Assets in Bankruptcy

Charlotte, NC- Virginia-based furniture retailer RoomStore, who entered Chapter 11 bankruptcy last December, has asked a judge for permission to sell off some of their remaining assets.

Bankruptcy Gives Much Needed Relief to New Mexico Businesses and Individuals

Santa Fe, NM- Even though the American economy is in a better state than it was a few years ago, many businesses and individuals in New Mexico and beyond are still struggling with debt. But, luckily, those who are overwhelmed with debt have the o ...

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Bankruptcy filings in Hawaii drop 26 percent in April

Honolulu, HI- According to statistics from the U.S. Bankruptcy Court of Hawaii, bankruptcy filings in the state dropped 26 percent in April over the same month last year.

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Charles Michael Damian, ESQ Expands Practice into Bankruptcy

As of May 11th, 2012, Charles Michael Damian, LLC and Associates are expanding their practice into Bankruptcy Law. This practice would include both Chapter 7 and Chapter 13 filings. Though new to the specialty, the firm has decades of experience ...

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Former Georgia Commissioner files for bankruptcy protection for Columbus shopping center

Columbus, GA- The Dallas Chipley Group, run by former Georgia Department of Transportation commissioner Vance Smith Jr. and his two sons, Georgia Representative Kip Smith and Vance Smith III, filed of bankruptcy protection.

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Tampa hotel files for bankruptcy, the fourth for Roberts Cos.

Tampa, FL- A St. Louis-based Roberts Cos. has filed for bankruptcy protection of their Tampa area Comfort Inn, marking the fourth filing for the company since December of this year.

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Debt relief is possible with a Delaware bankruptcy attorney

Dover, Delaware- In these economic times it’s no surprise that people are struggling. The loss of a job, declining income and a failing business can put a person in a dire financial situation and they must turn to someone to help them get debt re ...

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ResCap bankruptcy gets support from Treasury

Washington, D.C. - Ally Financial unit, Residential Capital, which is majority-owned by the federal government, has gotten approval from the Treasury to reorganize under Chapter 11 bankruptcy protection.

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Colorado pot grower bankruptcy raises questions about selling assets in illegal drug form

Denver, CO- A Denver based pot grower recently filed for bankruptcy protection raising questions about the legality selling off $130,000 of assets in the form of marijuana leaves.

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Octomom files for bankruptcy protection in California

Los Angeles, CA- Nadya Suleman, famously known as ‘Octomom’, filed for Chapter 11 bankruptcy in a California court on Tuesday.

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Arizona call center on chopping block amid American Airlines bankruptcy plan

Tucson, AZ- An Arizona call center is on the chopping block if a bankruptcy judge approves the restructuring plan of American Airlines.

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Alaska bankruptcy rates one of the lowest in U.S.

Anchorage, AK- Alaska has the fortune of being a state that has a higher median income and a lower unemployment rate than many other states. The state also has one of the lowest bankruptcy rates per capita with approximately 988 cumulative filing ...

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Alabama-based produce company files for bankruptcy

Birmingham, AL- Adams Produce Inc., a century-old Birmingham based business, has filed for Chapter 11 bankruptcy.

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Betsey Johnson, fashion line, declares bankruptcy

New York, NY- Betsey Johnson a 34 year-old fashion line has declared bankruptcy and will close all of its 68 stand-alone stores.

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Student loan debt reaches $1 trillion, but borrowers get no relief through bankruptcy

Washington, D.C. - Student loan debt has reached a staggering $1 trillion far surpassing other debts, but there is little people can do to eliminate or reduce these debts, which can effect the growth of the economy.

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Bankruptcy in the future for Ally’s mortgage servicing unit

New York, NY- Ally CEO Michael Carpenter may have to put the bank’s mortgage servicing unit ResCap into bankruptcy in the next three weeks according to a report by the New York Post.

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MF Global bankruptcy trustee won’t ask for employee bonuses

Washington, D.C. - The bankruptcy trustee in charge of handling assets for MF Global Holdings told lawmakers Tuesday he had no plans of paying employees bonuses to stay on board and help with recovering lost customer funds.

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Workers protest outside American Airlines bankruptcy hearing

New York, NY- Union members gathered outside a New York courtroom while the bankruptcy attorneys representing American Airlines argued that union contracts needed to be changed in order to make the company financially solvent.