If you can figure out the best debt repayment arrangement for your situation, you can yourself get in touch with your creditors to negotiate. Keep in mind, declaring bankruptcy should only be your last resort.How To Thwart Bankruptcy By: Alice Shown About the Author Find out more about finance planning tips. Visit blog www.financestudio.net for detailed information. (ArticlesBase SC #3003988) Article Source:...more
Los Angeles and other financially hurt California cities have recently received some bad news in the form a bill, on its way to the Governor for approval. The bill was created to clamp down on municipal bankruptcy filings, and if approved, can make filing for Chapter 9 municipal bankruptcy very difficult.Assembly Bill 155 dictates a city may only file for bankruptcy if it receives approval from the California Debt Investment Advisory Commission....more
In Delaware, a bankruptcy judge is close to allowing The Tribune Co. to initiate a voting process for a proposed reorganization plan. The company is currently seeking support from creditors for its Chapter 11 reorganization plan. The judge said early next week, he would sign off on documents to solicit help for the plan. Meanwhile, attorneys questioned how unsecured lenders would be treated should they vote against the plan. These unsecured lenders gave nearly $1.6 billion in financing in 2007. Later, the Tribune agreed to lenders receiving $74 million and is allocating another $333 million to satisfy intercompany claims from subsidiaries.The Tribune Company owns 23 televisions stations, The Los Angeles Times, The Chicago Tribune, Baltimores The Sun and others. They filed for bankruptcy protection two years ago due to high debts in relation to the company going private. The Tribune was founded back in 1847 at which time, on June 10, the Chicago Tribune published its first edition. A merger with The Times Mirror Company, completed in June of 2000, doubled the Tribunes size by adding more newspapers to the company's holdings. The $8.3 billion transaction was the largest...more
A good attorney is not one who costs more for the work but they are professionals who can save the clients money at all time. It is advisable to find a very good legal advisor to represent the case before filing a bankruptcy. Under the situation when a bankruptcy is unavoidable, as advised it is safe to choose one of the good lawyers. When you...more
People file for federal bankruptcy protection for many reasons. Some people file because they have run up hundreds of thousands of dollars in doctor's bills that they can't pay back. Other people file for bankruptcy protection because they can't afford to pay their credit card bills on time. When people face these situations they often elect to...more
Declaring personal bankruptcy is not a problem that folks ever thought to carry out but it is a thing that a growing number of men and women are working at as the condition of the economy gets worse and worse. Yet the difficulty with this is that...more
People who have debt problems very often give in to unsupported myths and hearsay without ever taking the time to truly understand the law, and the implications of bankruptcy. So those people who have huge debt need to be aware of a couple major...more
Times are tough and people across the country are endlessly struggling to make ends meet. The Midwest has lost thousands of manufacturing jobs and can expect to lose thousands more. It's no wonder that individuals are carrying more credit card debt...more
Choosing Debt Settlement Over Bankruptcy - A Proven Solution For Unsecured Debts By: Ansel Fraizer About the Author www.DebtDecreaser.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers...more
During the last 10 years Americans have accrued excessive amounts of debt. Partly motivated by small interest rates and higher equity on houses because of real estate markets operating costs high up. Excessive spending and no financial responsibility...more
Why to Go For Debt Settlement in Place of Bankruptcy? By: Caleb Byron About the Author www.FreeDebtReductionHelp.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt...more