Search results
Results from the WOW.Com Content Network
DirectBuy was founded as United Consumers Club in 1971 in Merrillville, Indiana, by James L. Gagan. [2] [3] [4] It grew substantially over the years, as it franchised; at its height, the buying club had over a million members, with a peak of 167 showroom locations across North America. [5] [6] The first Canadian franchise was founded in 1996 ...
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
Gus Curcio and his brother Francis were convicted December 14, 1983 by a federal jury in Hartford, Connecticut of being in the loan shark business. To wit: "The defendants were convicted on December 14, 1983, by a jury, having been charged in a seven-count indictment with criminal conspiracy to make extortionate extensions of credit, together with several additional substantive counts of ...
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
In other words, the 2005 bankruptcy reforms profited credit card companies" and "increased the costs and decreased the benefits of bankruptcy to consumers". [17] By 2007, the use of Chapter 11 as a debtor relief vehicle had eroded. [16] By 2005 debt buyers had purchased approximately $110 billion in face value of delinquent debts in 2005. [12]
United States bankruptcy courts are courts created under Article I of the United States Constitution. [1] The current system of bankruptcy courts was created by the United States Congress in 1978, effective April 1, 1984. [2] United States bankruptcy courts function as units of the district courts and have subject-matter jurisdiction over ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!