Dallas-Fort Worth office building vacancies have reached their highest level since 2004. With 4.8 million square feet of vacant office space, the occupancy rate for office buildings is a mere 74 percent, leaving many commercial real estate owners and investors facing foreclosure and even bankruptcy. And if the number of vacancies continues to remain elevated [...]
Debtors exiting bankruptcy after receiving a fresh financial start need to understand the road that led them to bankruptcy n the first place if they plan to find financial success after bankruptcy. Below are three personal finance mistakes that debtors need to avoid if they plan to avoid filing bankruptcy for a second time: Using [...]
As recently as the February, businesses in Chapter 11 bankruptcy were finding that investors were hungry to provide debtor in possession financing for companies in bankruptcy. But now it seems that the credit markets are freezing a bit and corporate debtors may need to become a little more creative when trying to secure the financing [...]
Real Housewives of New Jersey' star Teresa Giudice and her husband Joe have filed for bankruptcy. The couple who live a lavish lifestyle on their Bravo network reality show, are in reality up to their necks in debt. The couple filed for bankruptcy showing that the owed $10.85 million in debt. Bankruptcy documents reveal that [...]
The "Protecting Employees and Retirees in Business Bankruptcies Act of 2010" was designed to change bankruptcy rules regarding the treatment of employees, retirees and collective-bargaining agreements, and executive compensation during corporate bankruptcy. The bill was introduced earlier this year by Senate Majority Whip Richard Durbin, D-Ill., and House Judiciary Committee Chairman John Conyers Jr., D-Mich. [...]
The number of people filing new claims for unemployment benefits rose last week by 12,000 to a seasonally adjusted 472,000, according to the Labor Department report. Continued job losses seem to be one of the biggest concerns of economists who have been hoping that 2010 would mean a financial recovery. But the reality has been [...]
Maintaining a credit card with an employer has become common place; but if a debtor maintains a balance on an employer credit card and needs to file bankruptcy, that credit card balance could jeopardize the debtor's job. First off, let's make it clear, that an employer cannot fire a debtor solely because they filed for [...]
By this point, we're assuming that we no longer need to convince you of the importance of working with a professional bankruptcy attorney. Bankruptcy law is complex and requires the help of an experienced professional if the debtor plans to take full advantage of their exemptions and rights under the law. But how do you [...]
More families who have special needs children or other disabled dependents are considering bankruptcy. Because a disability can become financially draining, causing families to rack up hundreds of thousands of dollars in debt, bankruptcy is often a good choice. Whether the family member is blind, deaf or has some other physical or cognitive disability, special [...]
Sarah Ferguson (aka The Duchess of York) the former wife of Prince Andrew, the Duke of York, has announced that she may file for bankruptcy due to mounting debt troubles that have been dogging her for years. While she hasn't revealed exactly how much money she owes, Fergie has gone on the Oprah Winfrey show [...]