A firefighting equipment maker who brought in almost $1.6 million in income just two years ago is now filing Chapter 7 bankruptcy.
Placer Fire specialized in building “wildland firefighting and light rescue vehicles” such as crew carrier trucks according to Firefighting News. At their height, the California company had contracts with fire departments in Sacramento, North [...]
Lenny Dykstra, whose nickname on the baseball filed was “Nails,” is displaying some of the grit and determination in his personal financial affairs that made him a star pro baseball player.
Dykstra filed for Chapter 11 bankruptcy in July of 2009, but now he has told the media that he wants the judge in the case [...]
As their residents struggle to find work and earn money to put back into the communities, cities themselves face financial struggles.
To keep debts from rising cities may take other measures such as increase taxes or cut back on funding for specific programs. But there are other options for cities in severe cases including filing a [...]
LyondellBasell, the chemical company that decided to file for Chapter 11 last year, is now looking to emerge from bankruptcy protection.
The company recently settled a dispute with their creditors over the buyout between Lyondell by Basell, a Netherlands based company.
This dispute has been going on for quite some time and was the biggest reason LyondellBasell [...]
Many Americans rack up massive student loan while earning a college education and exploring the future career options.
Many view this expense as an investment that can easily be paid back after graduation when their education nets them a well paid position.
But what happens when college students enter into a world of debt and but struggle [...]
A massive California estate that comes with its own golf course is on the market after years of divorce and bankruptcy drama.
Porcupine Creek is a 250-acre private estate situated in Rancho Mirage, California, just between the Santa Rosa Mountains and Joshua Tree National Park. The city is a well-known retreat for celebrities and the mega-rich, [...]
After an FBI investigation and rumors of running a Ponzi scheme, investors asked a judge to push an Ohio investment firm into Chapter 7 bankruptcy in an effort to save their money.
Fair Financial and Fair Finance closed their doors last November after an FBI raid seized their computers. The company has remained closed, but investors [...]
Brick-and-mortar video rental stores may be on their last reel, and some experts are wondering if the closing credits are next.
Movie Gallery, Inc. is filing bankruptcy, citing competition from a host of other video sources, including streaming video, DVD rental kiosks and online mail-in rentals, reports the St. Louis Post-Dispatch.
The company operates the Movie Gallery, [...]
Throughout Japanese history the government has bailed out big businesses that were in danger of closing in order to keep them from filing for bankruptcy.
So the general belief was that the Japanese government would help failing companies and give them money to stay afloat.
But that wasn’t the case in a high profile bankruptcy filing by [...]
In the California city of Santa Clara, bankruptcy lawyers have watched their business expand as the economic crisis has taken its toll many of the other businesses and individuals around them.
The Silicone Valley/San Jose Business Journal tells the story of one area legal firm, Binder and Malter LLP, that took on a full-time administrative assistant [...]