According to an article in the Star-Telegram, as a part of their Chapter 11 bankruptcy Renaissance Healthcare Systems has agreed to the foreclosure of a hospital in Grand Prairie that it had planned to reopen this year. The article said: The property consists of a 233,000-square-foot hospital building and a 30,000-square-foot office building on 22 [...]
On Monday, Tribune Co. filed Chapter 11 bankruptcy, giving the nearly insolvent newspaper and television station owner time to find buyers for some of its troubled properties. Tribune Co. which owns 10 daily newspapers, 23 TV stations and has 20,000 employees has been financially devastated by a crushing $13 billion debt and reduced advertising revenue. [...]
Chapter 7 and Chapter 13 filings have shot up 18% in Texas according to El Paso Times. But it's not just Texas, all over the country many ordinary citizens are finding themselves too financially strapped to pay for the basics of life in addition to all of the debt they have accumulated in the past [...]