Will a Short Sale Save You From Bankruptcy?

Posted by Dan
On
0 Comments
"Chapter 13", bankruptcy, Chapter 7, short sale

Does this describe your situation? You have a home that is worth substantially less that you owe the bank. Every month you struggle to make the payments or perhaps have quit making the payments. You fear that the house will force you into filing a bankruptcy in Knoxville. You’ve heard about Chapter 7 and Chapter […]

Posted by Dan
On
0 Comments
"Chapter 13", attorney, bankruptcy, Chapter 7, experienced

I was reading a case the other day and the phrase “caveat emptor” was used. We don’t use this phrase in East Tennessee, but do use its counter-part: Buyer Beware! If your finances are “challenging,” for example, you don’t answer the phone at night because of the constant harassing creditor calls or you are worried […]

Posted by Dan
On
0 Comments
"Chapter 13", bankruptcy, Chapter 7, consolidation loan

As the economy continues to take its toll, reporting agency Reuters reports that consumer bankruptcy filings in 2010 were the highest in 5 years. The filing of 1.53 Million consumer bankruptcy cases in 2010 demonstrates more about the economy that the talking heads on the evening news can tell us. Regular working folks, and many […]

Posted by Dan
On
0 Comments
bankruptcy, Chapter 11

Many are asking if book seller Borders can avoid a bankruptcy filing given its continued negative financial situation. Nearly 300 Borders employees in Middle Tennessee were told yesterday that the Lavergne Borders Distribution Center would close in July. Ouch! Last March approximately 120 employees were cut from the payroll. The parent company, Borders Group, Inc. […]

Posted by Dan
On
0 Comments

Being in financial difficulty isn’t about your character and it apparently isn’t about your looks either. The Associate Press reported today that the Las Vegas nightclub owned by Eva Longoria, one of the “Desperate Housewives” filed for Chapter 11 bankruptcy. Chapter 11 bankruptcy allows the debtor to reorganize its financial affairs and pay its debts […]

Posted by Dan
On
0 Comments

On the eve of the deposition of Milwaukee Bishop Richard Sklba the Archdiocese of Milwaukee filed a Chapter 11 Bankruptcy petition. Like many of the other divisions of the Catholic Church who have been defending numerous child sex abuse cases, the church released a statement saying that the filing was necessary to reduce the significant […]

Posted by Dan
On
0 Comments

The International Storytelling Center has seen the effects of the difficult economy and filed for Chapter 11 Chapter 11 bankruptcy protection on December 31st. Chapter 11 Bankruptcy allows a business to restructure its financial affairs and continue business operations. If you’ve ever been to the Story Telling Festival in Jonesborough you’d wonder how they could […]

Posted by Dan
On
0 Comments

I received a call last week. It began something like this. “I filed my own bankruptcy and now the Chapter 7 Trustee says he is going to sell my house. Can you help?” This is not the first time I’ve received this type of a call. When money is tight, folks are often tempted to […]

Will a Short Sale Save You From Bankruptcy?

Buyer Beware: Be Careful When You Hire a Bankruptcy Attorney

Amid Bankruptcy Rumors, Borders Announces Closing of its Tennessee Distribution Center

Being Knockout Gorgeous Didn’t Stop Eva Longoria’s Vegas Nightclub From Filing Chapter 11 Bankruptcy

Sex Abuse Lawsuits Force Milwaukee Archdiocese into Chapter 11 Bankruptcy

Sometimes a Story isn’t Good Enough. Johnson City Story Telling Center files Chapter 11 Bankruptcy

Sometimes You Can’t Fix Mistakes Made in Bankruptcy Papers