There are many types of bankruptcy that you can file, based on your situation and what you are looking to accomplish. Chapter 11 is a form of bankruptcy reorganization that is available to corporations, partnerships, and individuals. With no limit on the amount of debt for which you can file, Chapter 11 bankruptcy is most…

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Whether you have just filed for bankruptcy protection or are simply considering the option, it’s important to know what comes next. After filing bankruptcy, you may feel an initial sense of relief. The bankruptcy laws were set up to help people in your situation, after all. Your credit rating will not be as strong after…

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With the ever-growing popularity of online shopping, it is a wonder that so many brick and mortar stores are still up and running. The days of running out to the store to grab the latest and greatest item are almost completely a thing of the past, and many retailers are feeling the strain. Now another…

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Not everything is sunshine in California. While the sun is warm and the water is nice, there is a staggering 10% rate of unemployment in the sunshine state. This includes a poverty rate that is well above the national average. The state’s economic turn for the worse has created a tide of serious personal debt…

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When you are making the decision on whether or not to file for bankruptcy, there are always a lot of questions. This is a decision that will affect your future credit and, at times, your reputation. There are many types if bankruptcy that you can file for different circumstances, so you need to make sure…

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In what seems like a growing trend these last couple of years, another retail chain is starting the process of closing its doors. Children’s clothing store Gymboree filed for Chapter 11 bankruptcy protection in an attempt to escape from a mountain of debt. The clothing store first started up in in San Francisco in 1976,…

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Chapter 7 Bankruptcy Deciding whether or not to file for bankruptcy for your debt is a hard choice to face. In some situations, it may seem like the only way out of debt. Filing Chapter 7 bankruptcy will improve short-term quality of life, but it can also damage your future credit as well as your…

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The cancer treatment network known as 21st Century Oncology recently filed for Chapter 11 Bankruptcy. This comes after years of falling revenue for the company, as well as a long list of ongoing lawsuits. The 21st Century Oncology bankruptcy will have a significant impact on the company’s finances, but should not adversely affect the healthcare…

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With the shift of a lot of shopping going to the Internet, retail chains are struggling. Many have recently filed for Chapter 11 bankruptcy, and there are an unprecedented number of retail stores closing across the U.S. It’s easier to log onto a website and shop than it is to go into a store and…

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Brief History of Payless ShoeSource Payless ShoeSource is an American discount shoe retailer based in Topeka, Kansas. Cousins Shaol and Louis Pozez established the company in 1956. The stores became more widespread in the 1980’s as a result of its Pro Wings brand. These shoes were notable for the use of Velcro instead of shoelaces.…

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