Vortex Debt Group

Bankruptcy filings in Minnesota are at the highest level in a decade.Throug read more

Gerald Miller looks through bankruptcy case files in his office. Miller is Chapter 7 bankruptcy trustee for the Eastern District of Oklahoma as well as a bankruptcy attorney.

Bankruptcy judges gives examiner in Tribune case more time to probe 2007 buyout Bankruptcy – Law – United States – Services – Lawyers and Law Firms

The bankruptcy filing by the owners of the Natick Paperboard Factory site won’t derail plans to turn the parcel into apartments, but the project remains delayed by legal hearings.

A Delaware bankruptcy court judge on Friday cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond holders in control of the company.

Bankruptcy laws have been modernised under legislation passed by the Senate, as a growing number of Australians get into financial strife through consumer debt.

The following are recent business bankruptcy petitions filed in U.S. Bankruptcy Court: Case Number: 10-34150 Calfee & Douglas Inc., City of Richmond Assets: $280,614 Liabilities: $595,408 Filing: Chapter 7 (liquidation) Case Number: 10-34202 Metis/America Marketing Inc., Henrico CountyAssets: Not available Liabilities: Not available Filing: Chapter 7 (liquidation)

In an unusual move, the bankruptcy trustee handling the personal bankruptcy of fallen auto dealer Denny Hecker put one of Hecker’s holding companies into bankruptcy Thursday and noted that Chrysler Financial is the legitimate creditor, not a bank in North Dakota.

After Ministry of Justice figures showed that the number of bankruptcy petitions lodged by borrowers has increased significantly in recent years, financial solutions company Think Money said that this may reflect a greater awareness of the various options for tackling debt amongst the public. read more

Industry analysts say seeking protection under the bankruptcy law now won’t help BP pay its US workers and retirees, nor the cleanup from the Gulf oil spill.