Alabama county mulls bankruptcy; could be largest failure in history
Town officials told the Times that a bankruptcy filing is not a sure thing and that efforts to negotiate with the creditors, Citigroup (NYSE: C) and JPMorgan (NYSE: JPM) have "some likelihood to work." If it doesn't, this will be the ...Alabama County Prepares for a Possible Bankruptcy Filing
Officials of Jefferson County in Alabama told their lawyers to prepare a bankruptcy filing if the county was unable to reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates. ... AO: Bankruptcy Filings Up 28 Percent
Bankruptcy filings surged nationwide by more than a quarter in the 12-month period ending in June, according to statistics released today by the Administrative Office of the US Courts. The 967831 cases filed represented a 28.9 percent ... Business Bankruptcy
In 2008, business bankruptcy filings increased nearly 50-percent over the previous year. According to Bloomberg.com, more than 18000 businesses filed for bankruptcy in the first four months alone. Current economics and rising fuel ... Your Black Money: Bankruptcy Filings Up 30%
Of the 967831 bankruptcy cases filed since July 1, 2007, non-business filings made up 96.5% of those cases, totaling 934009. Of them, 592376 were Chapter 7 filings, which involve liquidation of non-protected assets, like family homes. ... US Bankruptcy Law
Bankruptcy is a procedure whereby an individual legally proclaim himself that he is incapable of paying his outstanding debts and liabilities. Title 11 of the United States Code is popularly referred to as the Bankruptcy code though ... A Few Bankruptcy Questions That Need To Be Answered
Filing bankruptcy may not be the worst option for you, especially if you are having problems paying off your debts and this may be attributed to the fact that it does allow you to find a solution to your problem and also to stop ... USA: Increase in Bankruptcies for Senior Citizens
While the bankruptcy filing rate for those under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between ... Birmingham bankruptcy would be nation's biggest muni default
The Jefferson County, Ala. county commission voted this week to hire Birmingham law firm Bradley Arant Rose & White to begin work on a possible Chapter 9 bankruptcy filing. The county is in danger of defaulting on $3.2 billion in sewer ... Bankruptcy filings surge to 1 million - up 29%
As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked. |
