Chapter 7 is often a bankruptcy filer's first choice for several reasons. It's quick, taking only a few months to complete. And it's cheap. You don't pay anything to creditors. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and ...
His main task is to identify the bankruptcy estate and to divide it among the creditors. For this he may also conclude contracts. He also prepares a list of creditors in which all creditors of the debtor are listed. He may look closely at the debtor’s economic records and prepare a so...
Oct 7, 2010. According to TMZ, the singer Toni Braxton, has filed for Chapter 7 bankruptcy again. She has between $10 and $50 million in unpaid debts to numerous creditors including AT&T, The Four Seasons Hotels, Tiffany & Co., Orkin Pest Control, The Internal Revenue Service. Billy Joel...
(11)DIAMOND IN THE ROUGH.“Diamond Comic Distributors Files for Bankruptcy”reportsPublishers Weekly.The company filed Chapter 11, which potentially allows for a reorganization of the business. Diamond Comic Distributors, a linchpin in the distribution of comics to comics shops since it was founded i...
(16)TAKING THE HYDE OFF ‘EM.“Jekyll & Hyde files for bankruptcy with $1.5M owed in rent”whileCrain’s New York Businessis watching the courthouse. Actors put on shows during dinner and each floor of the restaurant focuses on a different aspect of a fictional,1930s British explorers club...
a winery owned by aristocrats who never stepped foot in the winery and eventually strangled the winery. The Monterey Vineyard was a magnificent opportunity yet corporate misdirection and infighting led to eventually bankruptcy. Peterson would note, “They began by fighting their competitors, then chasin...
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(9)STARTING A NEW CHAPTER.But Chapter 11 can be the next-to-last chapter unless things turn around.“Virgin Orbit: Richard Branson’s rocket firm files for bankruptcy”andBBC Newshas the story. British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in ...
(2)A SHORE THING.A trailer has dropped forThe Wild Robot. Arrives in theaters on September 20. The epic adventure follows the journey of a robot—ROZZUM unit 7134, “Roz” for short — that is shipwrecked on an uninhabited island and must learn to adapt to the harsh surroundings, gradual...