Filing for bankruptcy can significantly damage your credit score. When you file for bankruptcy, your credit score typicallydrops by 100 to 200 pointsor more, depending on where you started. This means someone with a credit score of 680 may see their score plummet to between 480 and 580 after...
The Container Storesaidlate Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales. The retailer, known for selling storage and organizational products, said its stores and online operations will remain open while it goes through the bankrup...
Silver Airways, a regional airline that serves Florida and the Caribbean, continues flying after filing for Chapter 11 bankruptcy reorganization on Monday. The Hollywood, Florida-based airline plans to secure new capital and restructure its debt through bankruptcy, Silver said in astatement. It aims ...
Generally, there is no deadline for filing a Chapter 11 plan unless set by the bankruptcy court. However, the debtor has only 300 days to propose a Chapter 11 plan in small business cases. The court can extend the 300-day deadline, but only if the debtor proves that it can obtain app...
First of all, federal law does forbid employers from firing anyone for filing bankruptcy. If you file for Chapter 7, it’s likely your employer won’t find out anyway, so it’s not a huge problem. If you file for Chapter 13 bankruptcy, you will probably have your wages garnished as ...
It almost seems like every week, there's another majorretailerdeclaring bankruptcy. This time it's Nashville-based discount retailer Bargain Hunt. According toPRNewswire.com, following its recent bankruptcy filing, Bargain Hunt has officially begun going out of business sales at all 92 of its loca...
26, Renewcell filed for bankruptcy. The decision came four months after the public company issued a profit warning over slow sales of Circulose, the biodegradable pulp it makes from worn-out clothes and cotton waste, which can be turned into fresh textile fiber. While Renewcell had signed...
the tax efficiencies & operational flexibility of a partnership and sole proprietorship. The protections offered by an LLC are sufficient enough to keep your personal assets like your house, vehicle, and savings accounts from being used as collateral to repay the business debt, bankruptcy, or ...
Japan s Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its fa
BATON ROUGE, La. (AP) — Louisiana Gov. John Bel Edwards on Thursday urged people sheltering in hotels in Texas to stay there if possible, saying Louisiana is having difficulty finding available hotel rooms for more evacuees after Hurricane Laura.