Court seeks guardian for orphan who filed for bankruptcy
Despite earning millions throughout his career, Mickey Rooney had a tough time with finances. He first filed for bankruptcy in 1962 after taking on too much debt. Then, 1996 rolled around, and he was forced to declare bankruptcy for a second time. By 2005, he described himself as “broke....
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Cheese, filed for Chapter 11 bankruptcy. This form of bankruptcy works to reshape the company and its financial assets without assuming a total loss. Essentially, it sutures the holdings so that monetary weight redistributes and the company can bounce back successfully. However, given the context,...
When Jones filed for bankruptcy, it put a hold on the families' efforts to collect the lawsuit judgments in state courts as a federal bankruptcy court judge decides how much money Jones can actually pay his creditors. Lawyers for the familie...
Sears, which filedfor bankruptcy protection in October, is currently headed toward liquidation. The once dominant retailer has beenshuttering storesand laying off employees, with roughly 500 stores still in operation. More than a decade ago, the hedge fund manager touted his merger of Kmart and Se...
already racked up more than $730 million in fees and expenses, with no end in sight. Anyone wondering why total fees doled out in the Lehman bankruptcy alone could easily touch the $1 billion mark merely has to look at the bills buried among the blizzard of court documents filed in the...
there was value in a day’s work. As a child, he started several different business ventures to earn money. His entrepreneurial ventures helped him become a millionaire by the age of 26. A few years after reaching the million-dollar net-worth milestone, Ramsey filed for personal bankruptcy....
Sears Holdings filed for Chapter 11 bankruptcy on Oct. 15, 2018, at which time it had 700 stores across the U.S., $6.9 billion in assets and $11.3 billion in liabilities.2 Eddie Lampert, chairman of Kmart, purchased Sears for $11 billion in 2004, changing the name of the company...
To people who admire Trump as a businessman, Obama said, “The truth is Donald Trump was given $400 million by his daddy. That’s how he got rich and somehow his company still managed to declare bankruptcy six times.” For those who remember gas prices being lower under Trump, Obam...