Chapter 11 Bankruptcy

Chapter 11 bankruptcy

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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What to Expect After Filing Bankruptcy

after filing bankruptcy

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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Toys R Us Bankruptcy

Toys R us Bankruptcy

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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California Debt Consolidation

California Debt Consolidation

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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Chapter 13 Bankruptcy

Chapter 13 Bankruptcy

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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Gymboree Bankruptcy

Gymboree Bankruptcy

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

Bankruptcy Auction

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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21st Century Oncology Bankruptcy

21st century oncology bankruptcy

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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Retail Apocalypse: Retail Stores Closing and Filing for Bankruptcy

Going out of Business Signs

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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Payless ShoeSource Files Chapter 11 Bankruptcy

payless bankruptcy

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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Is It Time For Bankruptcy?

after filing bankruptcy

Deciding whether or not to file for bankruptcy is a stressful and complex situation that is further burdened by social stigmas. Nevertheless, bankruptcy might be the right choice for you. Many people believe that by filing for bankruptcy, they will never be accepted for loans again, but this is not true at all. Your bankruptcy…

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RadioShack’s Rollercoaster History of Boom and Bankruptcy

old radio

The Beginning RadioShack is an American chain of electronics stores that has experienced both highs and lows throughout its long history. Brothers Theodore and Milton Deutschmann founded it in 1921 to sell ham radio equipment. The company originally consisted of a single location for retail and mail order sales. RadioShack issued its first catalogue in…

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Dex Media Bankruptcy

Dex Media, Inc. is a digital marketing company that has undergone organizational changes, mergers, and bankruptcies within the past decade. Now it is preparing for yet another bankruptcy to begin in December 2015. The Chapter 11 bankruptcy filing is meant to alleviate over $2.3 billion in debt with the help of its senior lenders. The…

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Beware of Debt Relief Scams

Beware of Debt Relief Scams It seems that Debt Relief Scams are everywhere. Anyone who has experienced debt knows how stressed out and desperate it can make you feel. It seems impossible to pay off debts while more bills are constantly coming in, and a person can easily become desperate enough to seek relief from…

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Chapter 9 Bankruptcy

Chapter 9 of the Bankruptcy Code provides for the reorganization of municipalities. These include cities and towns, counties, taxing districts, municipal utilities, and school districts. Although it is unlikely that you will ever take part in Chapter 9 proceedings, they are a very interesting part of bankruptcy law that can have widespread effects. History of…

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American Apparel files for Chapter 11 Bankruptcy

American Apparel, the notorious American-made clothing manufacturer and retailer based in Los Angeles, has been struggling for years. The company rose to prominence after being founded in 1989, but harsh competition has developed from retailers such as H&M and Forever 21 that provide cheaper fashionable clothing for their young customers. American Apparel has not made…

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The Larry King Bankruptcy Story

Larry King has been a renowned host on quality shows for both television and radio stations for decades. He has experienced great success since his career took off in 1978 as an all-night national radio broadcaster. But did you know that before then, he struggled to get by financially and even had to file for…

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The Walt Disney Bankruptcy Story

The Disney brand has been a household name around the world for decades, but did you know that even the illustrious Walt Disney had a rocky financial start? Here is the Walt Disney bankruptcy story. In 1922, Walt Disney incorporated his “Laugh-O-Gram” film studio with the intention of producing animated fairy tales. He found a…

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Donald Trump’s Bankruptcies

Billionaire Donald Trump has kept himself in the limelight throughout his career. He started out working for his father’s company in real estate then quickly rose to fame as a casino mogul when he purchased the Taj Mahal and several other Atlantic City casinos. His notoriety spread when he branched out into reality television, and…

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Did You Know that Henry Ford Filed for Bankruptcy?

Bankruptcy is stressful and discouraging, but there are plenty of examples of people bouncing back and succeeding after filing. One such person was Henry Ford, the famous industrialist who founded Ford Motor Company. Henry Ford was born in Dearborn, Michigan in 1863. He worked as a machinist for several years and was hired by the…

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Filing for Bankruptcy During a Divorce

Filing for bankruptcy during a divorce is a stressful situation made even worse when you have to do both at the same time! It’s crucial to understand how these processes will affect each other now and in the future. Here are some frequently asked questions about this situation and suggested solutions: Should I file for…

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Molycorp Files for Bankruptcy

Background Molycorp Inc., the sole U.S. provider of rare earth materials, filed for Chapter 11 bankruptcy in June of 2015. Rare earths are a group of 17 metals (including neodymium, lanthanum, and cerium) that are used in high-tech communications, transportation, and industry such as batteries, magnets, and alloys. The market for rare earths has dramatically…

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Quiksilver Files Chapter 11 Bankruptcy in California

Quiksilver was founded in Australia in 1969 and quickly became a top provider of clothing in surfing hotspots in the United States. It has been represented by huge surfing names such as Kelly Slater and Tom Carroll. After hitting its peak in the ‘90s, the company has faced increasing competition and decreasing demand, especially in…

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Can Bankruptcy Stop the Foreclosure of My Home?

Many people facing foreclosure ask, “Can Bankruptcy Stop the Foreclosure of My Home?” Chapter 13 bankruptcy is a reorganizational plan that can be a good way to save your home from foreclosure. It will allow you to pay off a mortgage “arrearage” that includes late and unpaid payments over the course of the repayment plan…

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Can I Keep My Property if I File for Bankruptcy?

Many people ofter wonder, “Can I Keep My Property if I File for Bankruptcy?” If you decide to file for Chapter 13 bankruptcy, you will keep all of your property. Chapter 13 is a reorganization bankruptcy. Through the filing you and the bankruptcy court come up with a new repayment plan that can help you…

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Will All of My Debt be Erased in Bankruptcy?

This question doesn’t have a simple answer, because it depends both on what kind of debt you have and what type of bankruptcy you file. There is a huge difference between secured and unsecured debt, and the bankruptcy process is completely different between the Chapter 7 and Chapter 13 types. Chapter 7 is a liquidation…

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Will Bankruptcy Stop Debt Collector Harassment?

Being in debt is stressful enough without the constant calls and pestering of debt collectors. Will Bankruptcy Stop Debt Collector Harassment? A benefit of filing for bankruptcy is that the creditors and debt collectors will be required to stop all collection efforts against you. This is called “automatic stay”, and it is a powerful tool…

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Bankruptcy for Small Business Owners

If you own a small business and are experiencing financial distress, there are several bankruptcy options available to you. Although some require the company to be dissolved, others allow you to restructure and eliminate your debts while keeping your business afloat. Chapter 7 bankruptcy is an option for debtors that cannot afford to restructure and continue their…

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Asset Transfers That Are NOT Allowed Before Bankruptcy

The desire to protect your assets may be a major reason why you’re looking into bankruptcy, but there are a few types of transfer that are illegal to perform right before filing. Here are some examples: Transferring property into someone else’s name, such as a friend or family member. If you attempt to protect your assets…

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Hathaway Law Firm Welcomes New Partner

Attorney Dan Higson

Hathaway Law Firm Welcomes New Partner – Daniel Higson Hathaway Law (Ventura, California) The Ventura County law firm of Hathaway, Perrett, Webster, Powers, Chrisman & Gutierrez is pleased to welcome a new partner, attorney Dan Higson, who brings a specialty in bankruptcy law to the firm. Higson has practiced law in Ventura County for the…

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