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Over $4 billion in debt (largest Chapter 9 bankruptcy until 2013 Detroit bankruptcy filing,) [36] from sewer revenue bonds tainted by an interest rate swap bribery scandal with JPMorgan and county commissioner Larry Langford, and bond insurance credit rating collapse in the late-2000s subprime mortgage crisis, followed by the occupation tax ...
Filing for bankruptcy involves its fair share of fees. These include court filing fees, attorney fees and the cost of required credit counseling and debtor education courses.
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.
[1] [2] Thistledown and parent company, Magna Entertainment, recently filed for Chapter 11 bankruptcy. Thistledown was purchased in 2010 by Harrah's Entertainment (now Caesars Entertainment) for $43 million. The track was subsequently contributed to a Caesars joint venture with Rock Gaming in Summer 2012.
True Value joins Big Lots, Red Lobster, Rite Aid in bankruptcy filings True Value is the latest restaurant or retail chain with a presence in Ohio to file for bankruptcy. It joins Big Lots , Red ...
Big Lots was the fourth-largest home goods retailer in the U.S. when it filed for bankruptcy in Sept. 2024 and had 1,392 stores at the beginning of 2024. Big Lots now has 872 stores across the U.S ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Filing for bankruptcy is a serious decision with long-lasting financial and emotional consequences. While a bankruptcy filing isn’t something you should take lightly, it might be the right ...
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