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COMPANY BANKRUPTCY CLOSES LOCAL MOVIE GALLERY

Employees at Ashland’s Movie Gallery learned Friday the store is closing, with an official date still to be determined. Shift manager Marla Thompson said she and her coworkers knew closing was a possibility in light of … Read More

NC BANKRUPTCY LAWYER REPORTS U.S. PLANS TO EXPAND AID TO TROUBLED HOMEOWNERS

The Obama administration on Friday will announce a broad new initiative to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. The escalation in aid comes as the administration … Read More

NEW ASSETS REVEALED IN BANKRUPTCY

Doug Vaughan revealed thousands of dollars worth of cars and jewelry that were previously unknown Thursday at his personal bankruptcy hearing. The disgraced realtor who investigators said is the mastermind of a massive “Ponzi scheme”, had … Read More

HARRISBURG PA FACES POSSIBLE BANKRUPTCY,MAYOR LINDA THOMPSON AND COUNCIL STATES

How bad is Harrisburg’s PA financial crisis? Consider this: The city’s financial rating has dropped twice since October, and currently sits at junk bond status, but that’s not the worst part. The city may not be … Read More

BANKRUPTCY ESTATE OF LEHMAN BROTHERS PROPOSED AN REORGANIZATION

The bankruptcy estate of Lehman Brothers on Monday proposed an initial reorganization plan that would lift the remains of the investment bank out of Chapter 11. Lehman’s plan involves the creation of LAMCO, a subsidiary that … Read More

BANKRUPTCY FILINGS AT RECORD HIGH IN 2009, DESPITE LAW CHANGES

Since a change in bankruptcy laws resulted in a historic high number of filings in 2005, bankruptcies have dropped nationwide; however, officials say they  are trending up again. 2009 was one of the highest recent years … Read More

BLOCKBUSTER VIDEO RENTAL CHAIN BANKRUPTCY IS A POSSIBILTY

Video-rental chain Blockbuster Inc said on Tuesday for the first time it may need to file for bankruptcy protection after years of struggling to lessen its debt load. The company’s shares fell 10 cents to 30 … Read More

BANKRUPTCY RULING IN STUDENT LOAN CASE

The Supreme Court on Tuesday made it easier for people who say they cannot repay their student loans to receive bankruptcy protection. But the case arose in an unusual way, and the ruling is unlikely to … Read More

MOVIE GALLERY FILES BANKRUPTCY, CLOSING 760 STORES

Movie Gallery files bankruptcy, closing 760 storesSt. Louis Business Journal Movie Gallery Inc., which operates the Movie Gallery, Hollywood Video and Game Crazy stores, filed for Chapter 11 bankruptcy and plans to immediately close 760 of … Read More

THE COLUMBIAN EMERGES FROM CHAPTER 11 BANKRUPTCY IN VANCOUVER

Debt Settlement and Bankruptcy Lawyer in Charlotte, NC The Columbian emerges from Chapter 11 bankruptcy in Vancouver. Latest international and local business, finance and economy news Advertising, Best of Business, Breaking News, Business. Debt Settlement and … Read More

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