Pacific Metro, the production company for Thomas Kinkade, the Painter of Light whose bucolic prints and paintings adorn the walls of houses nationwide, is filing bankruptcy.
According to an article from the Los Angeles Times, the Chapter 11 bankruptcy petition came on the heels of a $1 million payment due to former Kinkade gallery owners. The [...]
Mortgage foreclosure is on the minds of more Americans than ever before.
Ignore the myths you’ve heard about people who have their homes foreclosed on them. The truth is that people from all walks of life and from all backgrounds deal with foreclosures. Some people are filing Chapter 7 bankruptcy who never thought they would.
Sometimes [...]
Antoine Walker made millions of dollars during a long NBA career. His moves on the court, though, have not translated into financial success following his career. Just a few years removed from a career that included a world championship he is broke.
Crain’s Chicago reports the former star and native of Chicago’s South Side is filing [...]
A Chapter 7 Bankruptcy trustee in Florida abruptly resigned amid strange circumstances and missing money.
Marika Tolz is a real estate broker in Hollywood, Florida. She is one of only a handful of federal Chapter 7 trustees in the South Florida, writes the Daily Business Review in a profile of the case.
These trustees are used by [...]
At the first quarter of 2010, one out of every seven households with a mortgage came in behind on a payment or is in foreclosure, according to a recent article in Reuters.
The Mortgage Bankers Association released the mortgage payment data recently, reinforcing the idea that there could be a long way to go before the [...]
Volkswagen is working on their first new U.S. factory since closing one in the 1980s. After an intense bidding process, Chattanooga, Tennessee was selected as the new home of the sought-after manufacturer.
The new factory was expected to bring new jobs into the area. But now, one of the companies that hired to build part of [...]
Steve Wyrick is an expert at making things disappear. His show at the Las Vegas entertainment complex that bears his name includes the vanishing of a Lear jet, motorcycle and police chopper.
But for his next trick, he’s turning to Chapter 7 bankruptcy to help make millions of dollars in debt disappear.
According to the Las Vegas [...]
Trump Entertainment Resorts, which operate three casinos in Atlantic City, as been dealt some tough draws lately. Gaming revenues are down while hotel and food services have lost millions of dollars in recent years.
The company recently decided on filing bankruptcy to cut their losses and a bankruptcy judge chose Donald Trump and other fellow bondholders [...]
Massey Energy Co. is attempting to purchased the Mathies Mine in Washington County, Pennsylvania. The sale was delayed, however, when voices rose in opposition to the sale, and the bankruptcy court asked the interested parties to resolved their impasse, reports the Pittsburgh Tribune-Review.
In a hearing to approve the mine’s sale at the U.S. Steel Tower, [...]
The famed Pasadena Playhouse in California, whose training program helped launch the careers of some of Hollywood’s best known actors, is filing chapter bankruptcy.
The LA Times reports that the theater is running out of cash as debt continues to mount higher and higher. Still, Stephen Eich, the nonprofit theater company’s executive director, told the paper [...]