Chapter 11 Bankruptcy

Bankruptcy Judge Approves $26M Sale of RadioShack Name, Intellectual Property

May 31, 2015

A proposed sale of RadioShack’s name and intellectual property has just been approved a U.S. bankruptcy judge. According to the terms of the deal, the bankrupt RadioShack will sell its brand name and customer data to General Wireless for approximately $26 million. General Wireless, an affiliate of Standard General, reportedly acquired more than 1,700 RadioShack…
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SkyMall Filed for Chapter 11 Bankruptcy

May 10, 2015

SkyMall LLC and its parent company, Xhibit Corp., have recently filed for Chapter 11 bankruptcy, citing increased competition from online retailers as one of the reasons for its waning popularity and profits. Another reason cited for the bankruptcy filing was the increased use of smartphones (and other devices) on flights, as more and more flights…
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Chapter 11 Bankruptcy FAQs (Pt. 3)

September 26, 2014

Here is the conclusion to our blog series Chapter 11 Bankruptcy FAQs. Q – Are bankruptcy trustees appointed in Chapter 11 bankruptcy cases? A – Not typically, but they can be appointed by a bankruptcy court if or when the following circumstances may arise: Bankruptcy fraud is suspected by a court. Some type of incompetence…
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Chapter 11 Bankruptcy FAQs (Pt. 2)

September 23, 2014

Picking up from where Chapter 11 Bankruptcy FAQs (Pt. 1) left off, here, we will continue to respond to some common questions that people have when they’re considering Chapter 11 bankruptcy. Q – What are the special procedures for small business Chapter 11 bankruptcy cases? A – When a business legally qualifies as a “small…
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Chapter 11 Bankruptcy FAQs (Pt. 1)

September 19, 2014

In the wake of our recent blog on Trump Entertainment Resorts filing for Chapter 11 bankruptcy, we thought it would be a good time to answer some commonly asked questions about this type of bankruptcy, which is usually pursued by businesses. While the responses and information provided in this blog series are helpful, don’t hesitate…
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Trump Plaza Casino Closes as Trump Entertainment Resorts Files Chapter 11

September 16, 2014

This past week, Trump Entertainment Resorts filed for Chapter 11 bankruptcy in Delaware, claiming to have upwards of $100 million in liabilities. While the company’s Trump Plaza casino in Atlantic City closed its doors for the last time just days ago, executives at Trump Entertainment Resorts have stated that the doors of its Taj Mahal…
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Colorado Court Bankruptcy Fees for 2014

April 15, 2014

While filing for bankruptcy is an effective way to get many of your debts forgiven and to secure a financial fresh start, there are some court fees that must be paid in order to file and process your case. These bankruptcy fees, which may also be referred to as administrative fees, are: Set by the…
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6 Things to Look for in a Bankruptcy Attorney (Part 1)

February 18, 2014

If you are struggling with large amounts of debt and have decided that it’s time to speak to a bankruptcy attorney to learn more about your options for getting a financial fresh start, you will likely be overwhelmed with possible choices when it comes to deciding who you should meet with and which bankruptcy attorney…
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Small Business Bankruptcy: An Overview (Part 2)

September 13, 2013

Picking up from Small Business Bankruptcy: An Overview (Part 1)¸ the following provides an overview of the bankruptcy options for small businesses that are struggling with debt. Part 1 of this blog laid out some of the specific factors that need to be considered when choosing which bankruptcy option is most appropriate for a small…
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