Category: Bankruptcy

Dallas Stars Bankruptcy

The NHL hockey team the Dallas Stars has won court approval for its bankruptcy reorganization. The team filed for bankruptcy protection September 15 this year. The Dallas Stars will be sold for $265 million to Vancouver businessman Tom Gaglardi. The sale of the team will eliminate hundreds of millions of dollars of unpaid debts. U.S. […]

The Biggest Municipal Bankruptcy in U.S. History

The biggest municipal bankruptcy in American history was filed Wednesday by Alabama’s Jefferson County. The county, which is the home of Birmingham, Alabama’s biggest and most economically powerful city, has been struggling with its debts for years. After a closed door meeting that went on for two days, county commissioners voted 4-1 to declare bankruptcy. […]

Dippin Dots Bankruptcy

The self-described “ice cream of the future,” Dippin’ Dots Inc., has filed for Chapter 11 bankruptcy protection. For more than a year, the company has been fighting off foreclosure efforts from Regions Bank. However, the future of ice cream is having trouble staying afloat. Dippin’ Dots manufactures specialty ice cream products, which are primarily sold […]

Chapter 7 Bankruptcy Information

Chapter 7 Bankruptcy is often called “liquidation bankruptcy.” Widely viewed as the most straightforward bankruptcy, Chapter 7 is available to individuals as well as corporations. What is the Purpose of a Chapter 7 Bankruptcy Filing? A Chapter 7 bankruptcy filing will discharge applicable debts, so you can start over financially. Once your bankruptcy filing is […]

Friendly’s Files Bankruptcy

Friendly’s Ice Cream Corporation, which is known for their “Happy Ending” sundaes, is filing for bankruptcy. The ice cream parlor chain operates more than 400 restaurants where they serve not only ice cream sundaes, but also hamburgers, sandwiches, and pancakes. Friendly’s plans to close 63 of it’s under performing restaurant leaving 424 open.  A slow […]

Your VantageScore

In 2006, the three credit bureaus (Experian, TransUnion, and Equifax) came together to find a way to create a uniform scoring method that would be easily understood. The result was the VantageScore. Many people know what their credit score is, but they do not know what kind of creditworthiness bracket it places them in. With […]