1 wrong move can bring ‘zombie’ debt back from the grave

1 wrong move can bring ‘zombie’ debt back from the grave By Sean Pyles You’re being hounded. You thought that debt was gone for good, but collectors are closing in and demanding payment. You may be facing zombie debt. A zombie debt might be a dormant bill resurrected by debt collectors — or it could Read more about 1 wrong move can bring ‘zombie’ debt back from the grave[…]

Filing Bankrupt in North Mississippi

Number of Troubled Companies Nears 2009 Peak

Financially strapped companies’ ranks are swelling. A Moody’s Investors Service tally of the least-creditworthy companies rose by 10 to 274 this month, pushing it nearer to April 2009’s record 291. The list comprises companies rated at least six notches into junk territory with a negative outlook–which suggests a further downgrade could come soon. The uptrend Read more about Number of Troubled Companies Nears 2009 Peak[…]

sports authority

Sports Authority Files For Bankruptcy, Plans To Shutter 140 Stores

Fitness might be the new status symbol and athleisure clothing might be all the rage, but for one storied brand, the health and wellness boom hasn’t translated into a bottom-line boon. In fact, quite the opposite: citing a challenging retail environment, Sports Authority announced Wednesday that it has filed for bankruptcy protection and will be closing Read more about Sports Authority Files For Bankruptcy, Plans To Shutter 140 Stores[…]

Relativity Bankrupt Exit

Relativity: Judge Conditionally Approves Studio’s Bankruptcy Exit

After suggesting that Relativity might not be ready to exit bankruptcy protection, U.S. Judge Michael Wiles closed a roller-coaster hearing Tuesday, conditionally approving the studio’s reorganization. If the company can prove to Wiles’ satisfaction that it has secured some $80 million in financing, as well as a firm agreement to have Kevin Spacey and his Read more about Relativity: Judge Conditionally Approves Studio’s Bankruptcy Exit[…]

PG Horsehead Holdings Bankruptcy

Pittsburgh-based Horsehead Holding declares bankruptcy

Post-Gazette.com – Horsehead Holding declared bankruptcy today and said it intends to reorganize under court protection, saying that is the best way to preserve value for stakeholders. The Robinson zinc producer filed a Chapter 11 petition in federal bankruptcy court in Wilmington, Del. The petition also includes four of its subsidiaries. According to court papers, Read more about Pittsburgh-based Horsehead Holding declares bankruptcy[…]

American Apparel logo

American Apparel wins approval to exit bankruptcy

A U.S. bankruptcy judge on Monday approved the restructuring plan for retailer American Apparel, dashing former CEO Dov Charney’s hopes of regaining control of the company and giving the chain a fresh shot at building a sustainable business. The company filed for Chapter 11 bankruptcy protection in October, citing a sharp decline in sales, a Read more about American Apparel wins approval to exit bankruptcy[…]

Arch Coal Bankruptcy Dan Cepeda | The Gazzette

Arch Coal Bankruptcy Has Citizens Groups Worried About Cleanup

Arch Coal Inc.ACIIQ -22.46%’s bankruptcy filing has some citizens groups are worried about its ability to clean up pollution at its Wyoming mines, Daily Bankruptcy Review reports via The Wall Street Journal. A bankruptcy judge approved the reorganization plan for the New York City Opera more than two years after it ran out of money Read more about Arch Coal Bankruptcy Has Citizens Groups Worried About Cleanup[…]

Tetzlaff Aftermath: Student loans and bankruptcy

The Tetzlaff Aftermath: Discharging Student Loans In Bankruptcy Might Be Easier Than We Thought

A few days ago, the U.S. Supreme Court declined to review the Tetzlaff case. Many will interpret this decision as a nod to the status quo’s high difficulty in discharging student loans in bankruptcy. While I am disappointed with the high court’s decision not to decide, I found that all may not be lost. As Read more about The Tetzlaff Aftermath: Discharging Student Loans In Bankruptcy Might Be Easier Than We Thought[…]

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