The Dallas City Council has approved a $1 million loan program that is designed to assist small businesses in southern and western Dallas get capital for growth. The program, which will provide $1 million from the city's public/private partnership fund to the Southern Dallas Development Corporation was approved unanimously with only one dissenting voice. But [...]
Refinancing Your Mortgage After Bankruptcy Refinancing a mortgage after bankruptcy is definitely a possibility and sometimes a preferred option for debtors who have adjustable rate mortgages due to reset soon. One of the biggest obstacles that debtors will need to overcome is a negative perception of their credit report by finance companies who may want [...]
Don't Be Afraid to Consider Bankruptcy The fear of attorney fees is one of the very real obstacles debtors face when considering bankruptcy. But millions of debtors have found that they are able to figure out a way to pay attorney fees that will allow them to file bankruptcy and procure all of its benefits. [...]
Home furnishings retailer Furniture Factory Warehouse, which operates 12 stores in South Texas, has filed for Chapter 11 Bankruptcy protection due to unfavorable financial conditions and a consistent decline in furniture sales. The retailer has closed all of its stores and distribution facilities pending the bankruptcy court's approval of Furniture Factory Warehouse's "Bankruptcy Going Out [...]
With an increase of financial troubles plaguing more Americans, a brand new batch of do-it-yourself (D.I.Y) bankruptcy companies have sprung up online. Many debtors are attracted to these D.I.Y bankruptcy services because they believe that they will save money and time and that the seemingly simple online fill-in-the-blank online bankruptcy forms will make their bankruptcy [...]
Sell Home or File Bankruptcy? Selling your home before filing bankruptcy may or may not be a wise decision depending on a few major factors: Do You Have a Significant Amount of Equity in Your Home? If you have a significant amount of equity in your home it may be tempting to sell of your [...]
General Growth Properties Inc., which filed the largest bankruptcy in U.S. history, has finished restructuring its $15 billion secured-debt load, clearing yet another obstacle from its path as it attempts to exit Chapter 11 bankruptcy. Bankruptcy Judge Allan Gropper in Manhattan today approved a restructuring agreement on a $95 million loan tied to a Louisiana [...]
If you thought the Texas Rangers bankruptcy drama had ended, it seems that it is just getting started. Most recently bankruptcy judge Michael Lynn quipped that "This is like one of those baseball movies where the players get stranded," after convincing Chase to keep the baseball team's credit card active while they played in Kansas [...]
Bankruptcy Judge Michael Lynn said he had never before seen a fight over who would provide Chapter 11 bankruptcy financing for a bankruptcy company because securing such financing is usually an uphill battle. But this is the exact type of drama that broke out when senior creditors of the Texas Rangers offered to loan the [...]
The official national unemployment rate for the country is 9.7 percent. Millions of Americans are out of work and trying to figure out how to survive without a job. One of the biggest casualties of joblessness is not just the frustration and anger that accompanies fruitless job searches, but also the seemingly imminent financial disaster [...]