Chapter 7 Articles

Florida Construction Resisting Ill Effects of Bankruptcy

In Ft. Myers, Florida, Lee County the bankruptcy rates are as high as they are anywhere in the state. In fact, it’s at the top of the list. The recession has hit Florida hard, and Lee County as much as any as real estate prices fell and jobless rates stayed high. But in a twist, [...]

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El Paso Cancer Center Up For Sale After Chapter 7 Bankruptcy

An El Paso cancer treatment center is finally up for sale after numerous financial problems that ultimately led to Chapter 7 bankruptcy. With millions of dollars in debt on the books and several bankruptcy filings in its repertoire, the Center for Integrative Cancer Medicine in western Texas is up for sale. The building where the [...]

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Personal Bankruptcy Filings Rose by 9 percent in U.S. in 2010

Personal bankruptcy filings rose by 9 percent from 2009 to 2010, a new report from the National Bankruptcy Research Center and the American Bankruptcy Institute says. With more than 1.5 million Americans filing personal bankruptcy, this is the highest number since laws making bankruptcy filing more selective and expensive were passed in 2005. The majority [...]

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Chapter 7 Bankruptcy Roundup: Wisconsin Bank Exec and New York Restaurant

The latest Chapter 7 bankruptcy news tracks a variety of individuals and businesses from across the country. A troubled bank’s top executive filed for personal Chapter 7 bankruptcy in Wisconsin, while in New York City a throwback Italian restaurant recalling the glory days of little Italy has closed its doors and filed for Chapter 7 [...]

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Honolulu Symphony Files for Chapter 7 Bankruptcy

The board of directors at the Honolulu Symphony, which has brought music to the Hawaiian island of Oahu for over a century, has voted to file for Chapter 7 bankruptcy and dissolve the organization. The decision marks the end of efforts to save all or part of the symphony organization, after having filed for Chapter [...]

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Arrow Trucking Company’s Employees Finally Get Paid After Chapter 7 Bankruptcy

There were 564 employees of Arrow Trucking Co. that had not seen a paycheck since they filed claims for repayment when the company dramatically closed its doors, abandoned its employees and filed for Chapter 7 bankruptcy last year. Those employees will have a slightly cheerier holiday season now that a judge has approved the distribution [...]

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California Assessor Filing Chapter 7 After Being Charged With Felonies

Jim Erwin, the former Assistant Assessor in San Bernadino County who is facing felony charges for corruption, recently filed for Chapter 7 bankruptcy. Erwin is from Highland, California, and according to the Redlands Daily Facts, he has been arrested several times as a result of multiple felony charges. Erwin filed for bankruptcy in California on [...]

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California Limo Manufacturer Files for Chapter Bankruptcy

Brea’s Krystal Koach is one of the country’s biggest limousine manufacturers, and it has recently filed for chapter bankruptcy protection. The company is also up for sale despite owing around $12 million to its 20 biggest creditors. The luxury transport vehicle maker has been a victim of the economic downturn, like so many others in [...]

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Taste of Minnesota Food Festival Forced Into Chapter 7 Bankruptcy

A Minnesota food festival is facing some serious financial challenges as a group of creditors is forcing Taste of Minnesota into involuntary Chapter 7 bankruptcy. Taste of Minnesota is a St. Paul-based festival that in the past has featured restaurant vendors, classic rock bands and fireworks shows in mid-summer. Now, the event’s web site account [...]

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Nevada Casino Management Company Files for Chapter 7 Bankruptcy

R. Shawn Ellis is a well-known figure in the casino management world, with business partners from around the country with interests in casinos. Recently, Ellis had to file for Chapter 7 bankruptcy for a Las Vegas company that had planned to build a new casino in the desert gaming outpost. Ellis Las Vegas, Inc, had [...]

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