A financial crunch is spiraling into a serious problem for Illinois lawmakers, prompting some observers to wonder if the state might make history by becoming the first to go bankrupt. At the moment, it's impossible for a state to file for bankruptcy protection, which is only afforded to count...
The purpose of filing for bankruptcy is to give you a chance for a fresh financial start when your debts become overwhelming. In 2005, Congress updated the bankruptcy laws, adding a few obstacles to the bankruptcy process to limit bankruptcy to people who are genuinely unable to pay all or m...
Otherwise the broad answer is to first address how they might solve the cause of their financial distress before filing for bankruptcy. "It doesn't help to find a better-paying job if after bankruptcy more is going out than coming in," said Lawless. "If you lost your job, file after yo...
In either situation, the damage to your credit will be more severe than it would have been had you not filed for bankruptcy. That’s because not only will you have the bankruptcy filing on your credit report, but you’ll also have a bunch of unpaid debts, all reporting as past-due or...
LSC Communications announced this morning that it has filed for Chapter 11 bankruptcyin the U.S. Bankruptcy Court for the Southern District of New York. The filing has been expected for several months as the country’s largest book printer—and one of its largest printers overall—has struggled...
Filed for bankruptcy, landlord trying to evict Filed for bankruptcy, purchased car that needed major repairs Filed grievance against atty filename extension Filiation Proceeding Filibuster Filing complaint against judge and clerk filius nullius Fillmore, Millard ...
Filing for Bankruptcy in Cook County Bankruptcy cases are handled by federal courts. Individual bankruptcy cases are filed with U.S. district courts. Cook County bankruptcies are handled by the Northern District of Illinois U.S. District Court at 219 Dearborn Street in Chicago. ...
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As more people fell ill, asbestos companies began to struggle with their legal liabilities, even though many of them could partially cover the costs of the lawsuits through insurance. Johns-Manville was the first asbestos manufacturer to file for bankruptcy in 1982 due to this increased legal pres...
Seeking justice for a mesothelioma diagnosis? Learn how to file a mesothelioma claim and hold responsible parties accountable for asbestos exposure