Articles Posted in Bankruptcy Attorney

Unless Sears can come up with $134 million by Monday it will need to declare bankruptcy. Sears most recent filing showed it only had $193 million on hand as of August and another $269 million available to it from lenders. All signs point to bankruptcy next week since out of that on hand money the…

This past May a NYC bankruptcy judge gave the bankruptcy beleagured Tops Supermarket chain permission to close 10 of its underperforming stores in New York State, but the chain refused to say which stores would be shuttered. This past August that changed. The following are the ten stores that will be closing. 2120 West Genesee…

One of the great financial burdens today is student debt. Gigantic tuition hikes over the last few decades have saddled college graduates with insurmountable debt that can’t be relieved by bankruptcy. In 1978, the bankruptcy laws were overhauled and the ability to discharge studennt loans was taken away. The reasoning was tuitions were much lower…

Gymboree, the kids clothing maker, managed to achieve a rare move in the world of retail bankruptcy. It was able to restructure successfully. Bloomberg reported that the company will be unveiling a rebranded apparel line and an increased tech push in an effort to appeal to the modern parent. Bloomberg quotes CEO Daniel Griesemer, who…

Gilbert (Ariz.) Hospital and Florence (Ariz.) Hospital entered Chapter 11 bankruptcy in May after creditors tried to force the hospitals into bankruptcy to try and recoup $1.96 million they claim the affiliated hospitals owe. In April, three employees of Florence filed an involuntary bankruptcy petition for $46, 650 in wages and the Gilbert involuntary petition…

After over 100 years of being in the mucil instrument business, famed Gibson Guitars has filed fo bankruptcy. The company filed for bankruptcy protection in Delaware, an action many have for some time. The company owes as much as $500 million and that debt has burdened it over the years. According to Bloomberg News, a…

A new study by the Hutchinson Institute for Cancer Outcomes Research in Seattle has found that even though the may have insurance, those suffering from cancer may face bankruptcy . According to the lead researcher, Scott Ramsey, M.D., Ph.D. Bankruptcy may represent a unique and heretofore unstudied potential source of health disparity. In this study,…

The Fragrance company Perfumania has declared Chapter 11 bankruptcy and will shutter 65 of its 226 stores nationwide. The company, known for selling high-end perfumes in malls across the country has said it will focus on online sales and high performing stores. CEO Michael Katz said in a prepared statement, The company has been working…

1. Family Matters Family disputes are a major cause for stress in people. The reason for that is because we have a very close and intimate relationship with our family members, and if there is issue within the family, it affects our health adversely and may lead to early mortality. So the best option is…

Many real estate owners are confronting the worst housing market in decades. Foreclosures and loan defaults are at an all-time high and refinancing is difficult even for creditworthy homeowners. As a result, bankruptcy has become the favorable choice for many property owners facing foreclosure. Here are some of the ways bankruptcy can help: The filing…