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CREDITORS GONE WILD: HAVING DEBT IS NOT A FREE PASS FOR DEBT COLLECTORS TO ABUSE YOU

Creditors Gone Wild: Having Debt is not a Free Pass for Debt Collectors to Abuse You Collectors must be careful to abide by the Federal and State procedures that apply due to the fact that people’s financial … Read More

LOUDOUN OPPOSES ERICKSON RETIREMENT COMMUNITIES’ EFFORT TO EXIT BANKRUPTCY

By David S. Hilzenrath Washington Post Staff WriterSunday, April 11, 2010 The Loudoun County government is opposing Erickson Retirement Communities’ effort to exit bankruptcy. The county is arguing that Erickson’s reorganization plan could prevent the local … Read More

UPDATE 1-POST-BANKRUPTCY GM POSTS $4.3 BLN 2009 LOSS

Wed Apr 7, 2010 10:08am EDT * GM loss from July 10 to end-2009 totals $4.3 bln Stocks  |  Bonds  |  IPOs * GM says believes profit possible in 2010 * Fresh start accounting paves way for IPO DETROIT, April … Read More

HISTORY 101: IN TODAY’S FINANCIAL JUNGLE, APPLY LESSONS LEARNED FROM VIETNAM

Don’t think the “old rules” still apply in this new world.  Take, for instance my practice areas of bankruptcy and debt settlement, and bear with me while I compare and contrast this with the historical lessons … Read More

GEMS TV, NYC OTB, ORLEANS HOMEBUILDERS: SOME IN BANKRUPTCY, SOME NOT.

(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Westland Devco in New Filings; Lehman and Barclays in Other Updates; Icahn’s Trump Entertainment in Briefly Noted; rental vacancy rates in Statistics; … Read More

GERMANTOWN SETTLEMENT FILES FOR BANKRUPTCY

Germantown Settlement, one of Philadelphia’s most venerable social-service agencies, has filed for bankruptcy, overwhelmed by mounting debt brought on by fiscal mismanagement. Financed largely by taxpayer dollars for decades, Settlement’s debts include about $2 million in … Read More

SHARP INCREASE IN MARCH IN PERSONAL BANKRUPTCIES

More Americans filed for bankruptcy protection in March than during any month since the federal personal bankruptcy law was tightened in October 2005, a new report says, a result of high unemployment and the housing crash. … Read More

GENERAL GROWTH FILES $6.55 BILLION PLAN TO EXIT BANKRUPTCY

General Growth Properties Inc., the second-largest U.S. mall owner, said it has an agreement to reorganize with $6.55 billion from Brookfield Asset Management Inc., Pershing Square Capital Management LP and Fairholme Capital Management LLC, according to … Read More

WAMU, PACIFIC ETHANOL, LEHMAN, XERIUM: BANKRUPTCY UPDATE

Although Washington Mutual Inc. isn’t venturing a guess yet about the percentage recovery for its various classes of creditors, CRT Capital Group LLC told customers in a report that WaMu’s $4.13 billion in senior notes and … Read More

CHARLOTTE BANKRUPTCY LAWYER REPORTS PACIFIC ETHANOL FILES FOR BANKRUPTCY

Pacific Ethanol Inc. would surrender ownership of its four production plants to lenders but would continue operating the facilities under a bankruptcy reorganization plan unveiled Monday. The plan proved instantly controversial with Pacific Ethanol’s stockholders, who … Read More

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