Spare Your House from Business Bankruptcy

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bankruptcy, Chapter 11, Chapter 7, save your home

If you are facing a business bankrupty one of the first questions is, "Can I save my home?" Here are some strategies that will help. Many Knoxville business owners are facing this challenge.

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"Chapter 13", bankruptcy, Chapter 7, tennessee resident

The short answer to the question of whether you have to be a resident of Tennessee in order to file bankruptcy in Tennessee is: YES, but . . . You don’t have to be a resident very long however. You’ve got to be a resident of the state in which you file your bankruptcy case […]

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Reuters is reporting that perhaps next week shopping mall food court favorite Sbarro may seek bankruptcy protection as it obtains over $30 Million of financing. The financing would be available for operations while Sbarro restructures its indebtedness. Lenders sometimes condition loaning operational money upon the filing of a Chapter 11 case and then obtaining court […]

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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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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The economic recession has taken its toll on yet another high flyer, the publisher of the National Enquirer. Because of rising printing costs and its customers reluctance to purchase the scandal focused newspaper the publisher filed a Chapter 11 in November accompanied by what is known as a pre-packaged plan. A pre-packaged plan usually is […]

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Of course we know that GM filed a Chapter 11 Bankruptcy. Chrysler filed, as did Texaco, Delta and most airlines. It seems that every time you hear of a Chapter 11 it’s a business that is being discussed. However, a Chapter 11 bankruptcy is often an appropriate strategy for an individual under certain circumstances. Certainly […]

Spare Your House from Business Bankruptcy

Do I need to be a resident of Tennessee to file for Bankruptcy in Tennessee?

Is a Chapter 11 on the Menu for Fast-food Pizza Chain Sbarro?

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

Pre-packaged Bankruptcy Plan for the National Enquirer Approved by Bankruptcy Judge

Is a Chapter 11 Bankruptcy only for Businesses?