The fear of bankruptcy holds too many people back

The mystery is not why so many people file for bankruptcy each year. That’s why more people don’t. Each year, only a fraction of Americans who could benefit financially from bankruptcy actually seek redress. Economists say some don’t file because collectors don’t aggressively pursue them, while others may strategically delay …

Read More »

Bankruptcy: pros and cons – FindLaw

Declaring bankruptcy may seem like a big step in the wrong direction. Filers find debt relief, but also face new challenges in rebuilding credit and securing loans. It is also common to adjust to a reduced lifestyle after bankruptcy. But bankruptcy also offers tremendous relief to those buried under unsustainable …

Read More »

Valaris prepares to emerge from bankruptcy as

Offshore drilling company Valaris, the world’s largest by fleet size, has received U.S. Bankruptcy Court approval for the South Texas District of its pre-arranged reorganization plan, and has agreed with the Korean Daewoo to delay delivery of two new drillships. The offshore driller filed for bankruptcy in August 2020, with …

Read More »

Debt collector could face $ 21 million tab in data breach deal

Law360 (March 11, 2021, 8:12 p.m. EST) – Bankrupt collection agency Retrieval-Masters Creditors Bureau on Thursday agreed to implement data security practices and be liable for a potential payment of $ 21 million dollars to end a multi-state investigation into a month-long data breach that exposed the personal information of …

Read More »

Christopher & Banks assesses strategic options, including bankruptcy

Dive brief: Women’s clothing seller Christopher & Banks has called in strategic advisers, including B. Riley Securities, to assess “available strategic alternatives” as its sales and cash flow remain under pressure. In his last quarterly report, the company, which operates around 450 stores, has issued a “going concern” warning that …

Read More »

What happens to women who cannot have an abortion

New study offers a powerful reminder of what really matters when it comes to economically empowering women: access to Abortion. Women who cannot have an abortion face significant financial hardship, including higher debts and increased bankruptcy and deportation rates, according to a groundbreaking working paper released last week by the …

Read More »

Guitar Center files for bankruptcy

UPDATE: November 23, 2020: Guitar Center filed for Chapter 11 bankruptcy Saturday to reach a previously announced deal to refinance its debt, inject new liquidity and get out of court proceedings before the end of the year. The deal includes $ 165 million in new equity investments from Ares Management, …

Read More »

Norwegian Air makes final restructuring offer to creditors

If approved by a sufficient number of creditors and the Irish High Court, the so-called scheme of arrangement will allow Norwegian to raise new capital and out of bankruptcy protection in Ireland and Norway. “This is an important step in the process of securing Norwegian’s future,” Chief Executive Officer Jacob …

Read More »

Can I Keep My Home After Filing Bankruptcy?

The answer, like so many others in law, is “it depends”. Most people who file for bankruptcy can keep their homes throughout the process, but some are not. Keeping your home is often the biggest worry in filing for bankruptcy – and which chapter to file for. This article will …

Read More »

Speedcast comes out of Chapter 11 bankruptcy debt-free

Speedcast terminals. Photo credit: Speedcast Speedcast has successfully completed its restructuring process and exited Chapter 11 proceedings, the company said Thursday. Speedcast is now the property of Partners Centerbridge, LP and its subsidiaries. Centerbridge has invested $ 500 million of equity in the company and Speedcast now has a healthy …

Read More »

The debt ceiling increase in bankruptcy will expire | Kerr russell

In February 2020, Congress created a new subchapter of Chapter 11 of the Bankruptcy Code aimed at alleviating the burden and costs of reorganization for small businesses. This new Subchapter V, enacted under the Small Business Reorganization Act of 2019 (SBRA), has significantly streamlined the regular Chapter 11 process for …

Read More »

Abortion restrictions pose political risk for Republicans in 2020

WASHINGTON (Reuters) – The decision by states like Alabama, Georgia and Ohio to impose drastic abortion restrictions could bolster Republican support among religious voters wary of President Donald Trump, but risks alienate the moderates, political experts said Wednesday. The American Flag and Alabama State Flag fly over the Alabama Governor’s …

Read More »

Activists say order allows abortions | Local

INDIANAPOLIS – Anti-abortion conservatives are pushing back an executive order issued by Governor Eric Holcomb, calling it too weak to stop abortions during the public health emergency. “In Monday’s executive order, Governor Holcomb left many loopholes for abortionists to continue murdering babies,” said Amy Schlichter, executive director of Hoosiers for …

Read More »

Reuters: Chesapeake Energy braces for possible bankruptcy

This is an archived article and the information in the article may be out of date. Please look at the history’s timestamp to see when it was last updated. (CNN) – In addition to the coronavirus pandemic, the oil crash could be catastrophic for over-indebted shale oil companies. the oil …

Read More »

JC Penney considers exit from bankruptcy

NEW YORK – JC Penney believes he will step out of bankruptcy protection before Christmas under a new property deal that would save tens of thousands of jobs. The besieged century-old retailer said on Wednesday it had filed a proposed asset purchase agreement with the two largest mall owners in …

Read More »

Why Mitch McConnell’s idea of ​​state bankruptcy is so stupid

Mitch McConnell. Photo: Saul Loeb / AFP via Getty Images In an interview with Tory radio host Hugh Hewitt on Wednesday, Senate Majority Leader Mitch McConnell rejected calls for federal aid to states, asserting that states’ financial problems are closely linked to reckless decisions about public employee pension benefits and …

Read More »

Xscape Theaters Howell 14 goes bankrupt

The past 12 months have been tough for Jersey Shore businesses, especially those in the entertainment industry. After a year of limited capacity, one of Jersey Shore’s largest theaters has closed. Listen to JB afternoon on 92.7 WOBM and download our free 92.7 WOBM app. If you hear of any …

Read More »

Rocket confirmations gain ground – Lexology

Rocket confirmations gain ground – Lexology

In the early evening of February 23, 2021, Belk Inc. and its affiliates (collectively, “Belk”) filed their Chapter 11 bankruptcy claims with the South Texas District Bankruptcy Court. Less than seventeen hours later, Judge Marvin Isgur confirmed the reorganization plan prepared by Belk. Belk is not the first Chapter 11 …

Read More »

Guitar Center Files Chapter 11 to reduce the debt load

Guitar Center, the country’s largest musical instrument retailer, has filed for bankruptcy to reduce its $ 1.3 billion debt amid a liquidity crunch caused by the coronavirus pandemic. The Chapter 11 filing is the “next step” in implementing a restructuring agreement with creditors that will reduce Guitar Center’s debt by …

Read More »

Are Tangier factory centers a buy?

The last year has been terrible for the retail industry, at least for brick and mortar stores. Right in the middle of the storm were mall owners like Tangier factory centers (NYSE: SKT). That said, you can’t lump all the Shopping Mall Real Estate Investment Trusts (REITs) into one stack …

Read More »

Form 8-K SAUL CENTERS, INC. For: March 11

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. EXHIBITION INDEX Exposure The description No. 99.1 Press Release, dated March 11, 2021, from Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) On March 11, 2021, Saul Centers, Inc. (the “Company”, NYSE: BFS) declared a quarterly dividend of $ …

Read More »

At the request of NanoMech, its bankruptcy was rejected

A judge has dismissed the bankruptcy of Springdale-based NanoMech at the company’s request. In an order issued Tuesday, Judge John Dorsey of the Delaware District Bankruptcy Court granted the termination, noting that it was in the best interests of the debtor, the estate and those involved. The order also dismisses …

Read More »

Latin America catches global spotlight for airline bankruptcies

SAO PAULO (Reuters) – LATAM Airlines and Avianca Holdings AVT_p.CN survived the Great Depression, but just a few weeks of quarantine forced the two companies into bankruptcy, making Latin America the world’s number one spot in airline financial ruin. A Latam Airlines plane is seen at Guarulhos International Airport amid …

Read More »

Norwegian abandons long haul as he fights for survival

Norwegian Air Shuttle will abandon its attempt to break into the long-haul air transport market as the low-cost carrier planned to exit bankruptcy protection, but wiping out existing shareholders, drastically reducing debt and raising new ones. capital. The low-cost airline will focus on short-haul flights in Europe after concluding that …

Read More »

Travelport wants to prevent lenders from taking over the business

Travelport Worldwide Ltd. asks court to prevent lenders from foreclosing money or taking control of the business over dispute with Elliott Management Corp., warning of possible bankruptcy if they are not restrained by an injunction . The Elliott-backed reservation platform filed documents in New York state court on Monday seeking …

Read More »

Neiman Marcus files for bankruptcy

It became such an institution that in 1983 Frederick Wiseman made a documentary about it titled, simply, “The shop. At that point, it was in the midst of a nationwide expansion that culminated in a public offering in 1999 by Harcourt General, the book publisher and then store owner. Six …

Read More »

It’s time to say goodbye because Hertz Stock is not a good buy

The dream of multi-bagger returns just won’t die, will it? While some loyal (or perhaps stubborn) traders continue to invest in Hertz Global (OTCMKTS:HTZGQ), it is becoming increasingly evident that Hertz stocks may never recover. Source: lumen-digital / Shutterstock.com I can’t blame anyone for wanting to keep the dream alive. …

Read More »

Exploring WWE’s Rise to Wrestling Dominance

History is written by the winners, according to the old cliché. But when it comes to the story of the fight, the narrative you hear depends on who you ask. Tim Hornbaker’s Death of the territories: expansion, betrayal and war that changed professional wrestling forever, published in 2018 by ECW …

Read More »