‘Fiscal Cliff’ Postponed, Still Looming
lawmakers successfully avoided the consequences of the impending fiscal cliff, foregoing much of the circumstances that could increase economic hardship for many domestic companies. The next deadline...
View ArticleFiling for Bankruptcy Can Help Companies Survive
It’s difficult to imagine a business rebounding following bankruptcy – difficult, but not impossible. Andy Wiederhorn, CEO of Fatburger, a popular west coast American eatery for decades, was forced to...
View ArticleKnowing When To File
Are you currently considering filing for bankruptcy? Many people have a difficult time knowing what factors constitute filing. Determining your own personal financial dangers can help resolve some of...
View ArticleCasey Anthony Files for Bankruptcy Following High Profile Court Case
It’s the latest high profile case to captivate national attention, Casey Anthony has filed for bankruptcy in Florida. Anthony’s claim includes nearly $1000 in assets and $792000 in liabilities. Casey...
View ArticleBaltimore May Potentially Go Bankrupt in 2023
Even with the recent Super Bowl win, Baltimore is in hot water regarding their fiscal issues. Consulting firm, Public Financial Management Inc. has speculated that if the city does not make some...
View ArticleStar Nicholas Cage Potentially Looking at Bankruptcy
Even Hollywood is not exempt from the possibility of bankruptcy. 45-year-old actor, Nicholas Cage, best known for his roles in movies such as Face/Off and Ghost Rider: Spirit of Vengeance, is facing a...
View ArticleFederal Gov Files Civil Suit Against S&P
The federal government is taking legal action against Standard & Poors. A civil suit is now in play that is seeking $5 billion in penalties. The suit alleges S&P committed consumer fraud in the...
View ArticleSan Bernardino Struggles to Uphold Bankruptcy Declaration
San Bernardino, a major city located in California, is receiving national attention in the midst of financial crisis. The city has declared bankruptcy but is pending federal court approval to uphold...
View ArticleAMR Corp. files to exit bankruptcy
On Monday the parent company of American Airlines, AMR Corp. took another step toward completing its proposed $11 billion merger with US Airways Group by filing a formal plan to exit bankruptcy. “With...
View ArticleImprisoned former Mayor Kwame Kilpatrick could be an asset to Detroit in...
Detroit – Imprisoned former Mayor Kwame Kilpatrick has gone from one of the city’s biggest liabilities to a potential asset during its bankruptcy case. On 8th of August, he appeared in federal court...
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