In addition to a lawsuit filed against Irwin Financial Corp. executives, the company’s bankruptcy trustee also sued the Federal Deposit Insurance Corp. In the action against the executives, Irwin’s former chairman, chief financial officer and an executive vice president were named as defendants. The lawsuit against the FDIC seeks nearly $200 million. View full post [...]
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The 10-month-old Lolita’s Cantina & Tequila Bar in Las Vegas filed for bankruptcy Wednesday in hopes of restructuring more than $500,000 in debt and liabilities. View full post on Business Stories
The Las Vegas-area real estate market was hit with a sizable bankruptcy Monday — this one involving a stalled residential project in Henderson. View full post on Business Stories
When weighed down by excessive debt, it can sometimes feel like bankruptcy is the only way to finally get back on your feet. Yet many people fail to realize just how serious bankruptcy is.
SAN FRANCISCO (MarketWatch) — Shares of Great Atlantic & Pacific Tea Co. , parent of the money-losing A&P supermarket chain, plunged 62% to $1.08 in Friday morning trading. Bloomberg reported the New Jersey-based supermarket operator may soon file for bankruptcy. Executives at A&P had said Oct. 22 they were several weeks away from inking a [...]
There is no ruling yet in Ocwen Loan Servicing LLC’s challenge to a loss-mitigation program instituted last year by the U.S. Bankruptcy Court in Providence for lenders and debtors at risk of foreclosure. A hearing on the challenge by Ocwen and PHH Mortgage Corp. was held this month before a U.S. bankruptcy judge. The servicers [...]
Never heard of a hard money loan? Find out what a hard money loan is and also learn how a hard money loan can help you avoid bankruptcy.
SAN FRANCISCO (MarketWatch) — U.S. consumer bankruptcy filings rose 11% in the first nine months of this year, versus the same period in 2009, the American Bankruptcy Institute said Monday, citing data from the National Bankruptcy Research Center. Filings totaled 1,165,172 nationwide during the first nine months of 2010, compared to 1,046,449 total consumer filings [...]