Debtors are eligible to file for Chapter 7 bankruptcy if they pass the New York bankruptcy means test. This test compares an individual's income with the median of a comparable household in the state. Generally, those with yearly income that is less than the median New York income qualify fo...
CIT Group (CIT) intends to file for bankruptcy protection in New York within days, perhaps as early as Sunday, theWSJreports, citing people familiar with the matter. The filing, which was overwhelming approved by creditors in support of a prepackaged bankruptcy protection and comes as a conseque...
The meaning of FILE FOR BANKRUPTCY is to officially ask to be legally recognized as bankrupt. How to use file for bankruptcy in a sentence.
In the latest “surprising, but also not that surprising” string of fashion news,Snobette reports that Barneys New York is considering filing for bankruptcy. The American chain of luxury department stores, founded nearly a hundred years ago, is a pillar in the high-end fashion world and where...
New York—VeraSun Energy shares moved sharply lower October 29, while spot ethanol prices gained strength, following a report that the bellwether ethanol producer could soon file for Chapter 11 bankruptcy, market sources said.Leslie Moore MiraRobert SharpPlatt's Oilgram News...
NEW YORK, February 24th 2008 —Troubled art project by Julieta Aranda, Liz Linden and Anton Vidokle, entitledPawnshop, said yesterday it will close at the end of this month and file for bankruptcy protection, becoming the latest such lender to fall to the mounting mortgage and credit crises ...
Bankruptcy is a legal filing that allows you to obtain debt forgiveness and build your credit back up. You can use it to increase your financial standing and get a fresh start. But it does stay on your record forseven to 10 years,so be sure this is the best route to take before y...
To avoid bankruptcy and keep the company intact, it made talks with various potential buyers and chose to enter exclusive negotiations with Contreras-Sweet's group in late January. The two sides were very close to finalize the deal on Feb. 10 when Eric Schneiderman, New York's attorney genera...
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said. The debt-laden Dallas-based company ha...
In 2018, the federal poverty line for single-person households in the 48 continental states and Washington, D.C. was $12,140 per year. This figure was higher in Alaska and Hawaii. Using this data, an individual living alone in New York can have his bankruptcy filing fee waived only if ...