What is Chapter 11 bankruptcy, and might it avail me?

2019-12-02T20:49:54+00:00October 20th, 2015|

Chapter 7, Chapter 11, Chapter 13 … . An Orange County resident's head might spin when trying to grapple initially with the various forms of bankruptcy and the debt-relief options they provide. And that's OK. In fact, it is completely [...]

Despite High Assets, 50 Cent Files For Chapter 11

2020-02-03T14:05:34+00:00July 13th, 2015|

Being in control of high assets does not necessarily preclude the need for bankruptcy protection. If the sum of your debts matches the sum of your assets, then you may need to look into whether you qualify for Chapter 7, [...]

Can Businesses Sell Customer Data To Pay Off Creditors?

2020-02-03T13:45:08+00:00March 30th, 2015|

When businesses file for bankruptcy, they may often be compelled to sell certain assets in order to pay off existing creditors. This kind of financial reorganization can help businesses to remain competitive and it can aid others in protecting their [...]

Learning From SkyMall’s Chapter 11 Bankruptcy

2020-02-03T13:42:11+00:00January 30th, 2015|

When millions of travelers get settled into their airplane seats, they browse through SkyMall. This in-flight catalog offers airline passengers the chance to purchase a wide array of interesting and sometimes odd products. This catalog has had a presence in [...]

GM Case Illustrates Limits Of Business Bankruptcy Protections

2020-02-03T13:57:07+00:00June 23rd, 2014|

Earlier this month, dozens of claims tied to the recent General Motors defective ignition switch recall scandal were consolidated and sent before a federal court for matters of pretrial discovery. General Motors hopes that the process will continue to progress [...]

Rapper DMX Files New Chapter 11 Schedule Claiming $50 In Assets

2020-01-31T10:31:22+00:00September 23rd, 2013|

Rapper DMX, whose real name is Earl Simmons, is apparently running pretty low on cash. Once among the top-selling hip-hop artists in history, the performer filed for Chapter 11 bankruptcy in July. He had apparently built up over a million in alimony [...]

Prudent Holding Company’s Pre-Meltdown Chapter 11 Saves Bank

2020-02-03T14:30:48+00:00September 9th, 2013|

Recently, a bankruptcy filing by a Wisconsin bank holding company was held up by the New York Times’ DealBook blog as a model of prudent and, in fact, innovative management. Typically, when bank holding companies file for bankruptcy, it’s far [...]

DWI Arrest, Back Child Support Push Rapper DMX Into Chapter 11

2020-02-03T13:38:31+00:00August 5th, 2013|

Rapper DMX, whose real name is Earl Simmons, filed for Chapter 11 bankruptcy in New York last week, just days after being arrested in South Carolina on alleged drunk driving and driving without a license. DMX is a resident of South Carolina, [...]

Chapter 11 Court To Determine Fate Of The Grand Canyon Skywalk

2020-02-03T13:19:46+00:00March 11th, 2013|

One of the most exciting parts of visiting the Grand Canyon was opened to the public only five years ago. The Grand Canyon Skywalk, which opened in 2007, is a fantastic, U-shaped walkway that allows visitors to walk directly out [...]

Survey: No Increase In Big Chapter 11 Bankruptcies Likely In 2013

2020-01-31T10:57:14+00:00February 26th, 2013|

Corporate restructuring professionals — who provide non-legal services in corporate restructuring, turnaround management, and bankruptcy reorganization to mid- and large-size companies — can be an amusing and optimistic bunch. A survey of about 100 restructuring professionals was just released, checking [...]