Recent Posts in Bankruptcy in the News Category
Posted on Sep 22, 2010 By Stone Law Firm
This week, Reuters reported that shares in Netflix reached an all-time high. Many speculate that the rise in shares was attributed to the fact that the company's major competitor, Blockbuster, filed ...
Continue reading "Blockbuster Moves Forward with Filing for Bankruptcy and Netflix Shares Rise" »
Posted on Sep 16, 2010 By Stone Law Firm
This week, it was announced that Blockbuster's CFO for the past three years, Thomas Casey, has resigned his position. According to Businessweek, the resignation was agreed upon by the company and ...
Continue reading "Blockbuster CFO Resigns " »
Posted on Sep 15, 2010 By Stone Law Firm
In Atlanta, Republican candidate Nathan Deal recently addressed his financial issues that left him with $2 million in debt. Despite his large amount of debt, Deal said he refuses to file for ...
Continue reading "Atlanta Republican Cadidate Says He Will not File for Bankruptcy" »
Posted on Sep 9, 2010 By Stone Law Firm
Last year, Federal Deposit Insurance Corp. was seized by banking regulators. Now, a federal judge has rejected the company's claim that it is owed more than $900 million from its former parent, ...
Continue reading "Judge Rejects Claim by Federal Deposit Insurance Corp" »
Posted on Sep 8, 2010 By Stone Law Firm
This past year, the Administrative Office of U.S. Court reported that bankruptcy filings in the country increased by 20%. Between June 2009 and June 2010, 1.5 million people filed for bankruptcy. Last ...
Continue reading "Bankruptcy Filings Increase by 20% in the U.S. in 2010" »
Posted on Sep 2, 2010 By Stone Law Firm
A new report by the American Bankruptcy Institute shows that the number of personal bankruptcies filed in August decreased. The report shows that consumer bankruptcy filings fell by 8% to 127,028 ...
Continue reading "Bankruptcy Filings Drop by 8% in August" »
Posted on Aug 26, 2010 By Stone Law Firm
This Wednesday, it is reported that Visteon Corp. asked a federal bankruptcy court for approval of a $700 million bankruptcy exit financing plan. If the plan is approved by the US bankruptcy court in ...
Continue reading "Visteon Corp. Asks for Approval of Bankruptcy Exit Financing Plan" »
Posted on Aug 19, 2010 By Stone Law Firm
This Monday, court documents revealed that days after filing for Chapter 7 bankruptcy last year, star of The Real Housewives of New Jersey Teresa Giudice spent $60,000 on high-end furniture. At this ...
Continue reading "Giudices Spent Thousands After Filing for Bankruptcy" »
Posted on Aug 18, 2010 By Stone Law Firm
This week news sources reported that bankruptcy filings throughout the nation have reached their highest level in five years between the months of April and June. At this time period, bankruptcy ...
Continue reading "Bankruptcy Filings Surge in the US" »
Posted on Aug 11, 2010 By Stone Law Firm
One week after filing for Chapter 11 bankruptcy, Mexicana Airlines said that it would cut some of its flights, primarily international flights from Mexico City. The airline is trying to cut costs as ...
Continue reading "Mexicana Airlines Files for Chapter 11" »
Posted on Jun 24, 2010 By Stone Law Firm
In Utah, it is reported that former House Majority Leader Kevin Garn was listed as a creditor in an individual's bankruptcy petition. The woman filing for chapter 7 asserts that she was paid by Garn ...
Continue reading "Utah House Majority Leader Listed as Creditor in Bankruptcy Petition" »