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, [...]

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 [...]

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 [...]

Under Chapter 11 Bankruptcy, a debtor continues his business operations while at the same time reorganizing its financial affairs. Any person or entity eligible to file a chapter 7 Bankruptcy would also be eligible to file a chapter 11. This includes individuals, partnerships [...]

Under a Chapter 11 Bankruptcy a corporate (or individual) debtor can restructure its business operations, continue to operate a business and reorganize its financial affairs. The reorganizations process is achieved by filing a plan and disclosure statement and getting them confirmed through [...]

In a Chapter 11 , a Debtor may restricted its debts or the terms under which a Debtor in a Chapter 11 Bankruptcy will pay off its debts. This includes lien stripping in some cases. This is done primarily by motion and [...]

A Chapter 11 Bankruptcy usually allows a debtor to continue business operations while attempting to reorganize the debtors debts at the same time. This makes headlines when an organizations such as Crystal Cathedral, United Airlines, Lehman Brothers or General Motors files for [...]