Bankruptcies even impact casinos in Sin City. When casinos file bankruptcy, it impacts the unemployment rate, hotel occupancy and average room rate. Businesses can file either Chapter 11 or Chapter 7. Check the impact of bankruptcies to casinos in this informative infographic.
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Every sports fanatic has a team he loves more than any other; one that keeps him up at night watching DVR’d games before a random cabbie can ruin the surprise. Think you know which sports teams are most successful? You may know the stats on game successes, but financially, some of the leading teams have [...]
Every year thousands of Americans accumulate more debt than they can pay back. For many, the only way out is to declare Chapter 7 bankruptcy, and have their debts discharged. See the latest statistics on personal bankruptcy filings by state.
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Many Americans feel the recession will soon pass and things will get back to normal. Unfortunately, we may be witnessing the early stages of a breakdown of the U.S. economic system. The inforgraphic below goes over what would happen to the United States economy if it were to have a massive failure.
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John McMonigle made his name by selling some of the most expensive homes in America. But now he has some of the steepest debt in the nation and is filing Chapter 7 bankruptcy.
While he was with Coldwell Banker McMonigle was routinely one of the company’s top salespeople in terms of dollar amount, the OC Register [...]
With barbecue season just around the corner, a maker of gas grills and accessories sold at Lowe’s, True Value Hardware and Sam’s Club is closing its doors.
Fiesta Gas Grills, based in the middle of Tennessee, is filing Chapter 7 bankruptcy with debt of more than $35 million. The company lists only $15,000 in assets, and [...]
Amassing wealth takes time, hard work and luck in most cases. Losing it all, on the other hand, may happen a lot faster and seem like a sinister twist of fate as shown by this list of the biggest individual bankruptcies in history. Some of these are modern Chapter 7 bankruptcy filings, others are older [...]
Blockbuster Video filed for bankruptcy last year, and is now beginning to sell off pieces of the business, even as complaints from landlords demanding rent continue to come in.
Westlaw News reports on the ailing video rental service that wasn’t able to keep pace with the changing DVD and video-on-demand markets. The recent reports say that [...]
The experts say the economy is starting to recover, but unemployment rates still remain high across the country. In many states, so many workers have been unemployed for so long that state funds for unemployment are running out.
Why the shortfall? There are several factors to consider, including the massive surge in people filing for unemployment [...]
Borders Group, the country’s second largest bookseller who has struggled in the face of a tough economy and competition from other major booksellers and media companies, has hired a team of bankruptcy lawyers to address its financial situation.
The Wall Street Journal reports that part of these bankruptcy lawyers’ job will be to keep the company [...]