Sentences with phrase «as you file bankruptcy»

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

A poll of both traditional lenders (such as banks and national mortgage companies), and non-traditional lenders (such as sub-prime lenders, non-conforming mortgage companies, and finance companies) yielded a fairly unanimous opinion: being in a debt counselling program or consumer credit counseling program was just as damaging to a person's credit as filing a bankruptcy.

As far as filing bankruptcy is concerned: that is a personal choice that only you can make.

Your protection from you creditors begins automatically and immediately as soon as you file your bankruptcy.

Unfortunately, filing bankruptcy will not remove the lien, just as filing bankruptcy in Ontario does not remove a mortgage on a house.

Lastly, if possible try to handle your separation or divorce before filing for insolvency as filing bankruptcy in the middle of the process only complicates the divorce.

As soon as you file a bankruptcy case, the automatic stay of the Bankruptcy code prohibits all creditors from contacting you directly regarding your debts.

Just as filing bankruptcy is perfectly fine, because it is legal.

As soon as you file your bankruptcy case, an automatic stay takes effect.

Not exact matches

Trump Hotels and its successor, Trump Entertainment, filed for bankruptcy in late 2004, then again in early 2009, when Trump finally departed as chairman.

These days they often include argumentum ad hominem attacks, such as sly references to the agencies» sterling ratings on Lehman Brothers the day before it filed for bankruptcy, that distract from relevant discussion about the country's creditworthiness.

As of the end of July, there were nearly 123,000 consumer proposals and personal bankruptcies filed by Canadians this year, a decline of 1.2 per cent from the same period last year.

Boire, who previously worked at Best Buy and Brookstone (which filed for bankruptcy last year), parlayed his successful tenure of sales declines at Sears into a job as CEO of struggling bookseller Barnes & Noble, where, somehow, we think he'll feel right at home.

Retailers are filing for bankruptcy at record - high rates as Americans» changing shopping habits, along with years of overly aggressive store growth, continue to shake up the industry.

Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday after losing a fight in a Florida court for a shield against a judgment in a breach of privacy case involving professional wrestler Hulk Hogan, according to a person familiar with the matter.

As Theranos continues to spiral downward, its investors are now claiming the company threatened to file for bankruptcy protection if they don't give up their rights to sue the startup over its faulty blood - testing business, Bloomberg reported.

That helped make chip - maker Nvidia one of the best performers since Lehman filed for bankruptcy, and crowning streaming service Netflix as king.

But when he directly asked the same filers, in a survey, the number was even higher, with 25 percent citing medical bills as a factor in their decision to file bankruptcy.

Charter Communications (CHTR), one of the largest U.S. cable companies, will file for bankruptcy protection by April 1, as part of a resturcuting to cut its debt by $ 8 billion, the WSJ reports.

Kodak never relived its truest glory days as a photography giant, but after filing for bankruptcy in 2012 (in the wake of the digital photography revolution), it saw a decent recovery.

If only one spouse files, make sure you understand what property will be treated as part of the bankruptcy estate.»

Last month, when it announced its impending Chapter 11 filing, Remington said it hoped to shed $ 700 million in a prepackaged reorganization — a technique that is designed to get a company out of bankruptcy as soon as possible.

As a result, the actress filed for bankruptcy in 1992.

It's also worth noting that in the same year «The Apprentice» premiered, Trump's infamously ailing casino empire filed for bankruptcy protection as a result of being more than $ 1 billion in debt.

Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.

Over 2017 through mid-December, even as total bankruptcies fell 37 %, eight big retailers, including Toys «R» Us, filed for Chapter 11, according to BankruptcyData.

NEW YORK, April 1 - FirstEnergy Corp said late on Saturday its nuclear and coal power plant units filed for bankruptcy court protection as the company looks to restructure, sell assets and win government support to cope with competitors using lower - cost natural gas.

April 5 - U.S. fashion footwear company Nine West Holdings Inc intends to file for bankruptcy as soon as this week with a plan to sell the intellectual property of its flagship brand to Authentic Brands Group LLC, people familiar with the matter said on Thursday.

Remington Outdoor Co., one of the largest firearms makers in the United States, said on Monday it planned to file for a Chapter 11 bankruptcy deal as part of a plan to lower its debt and turn around its slumping business.

There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.

You can't really judge Detroit, which filed for Chapter 9 bankruptcy protection on Thursday, as a business.

In February, it acquired part of infrastructure services company Carillion Canada, which filed for bankruptcy protection in January, and in November, it increased its stake in Torstar media company, which holds an investment in The Canadian Press as part of a joint agreement with a subsidiary of the Globe and Mail and the parent company of Montreal's La Presse.

The bankruptcy filing follows a decades - long decline of a city that prospered through much of the last century as the capital of U.S. manufacturing.

After struggling for years as electronics shoppers shifted online, RadioShack filed for bankruptcy on Thursday, marking an ignominious end for the 94 - year - old retailer that had sold the first mass - market computer.

After the September filing, creditors — including holders of some $ 3 billion in bankruptcy financing — complained that Toys «R» Us was being less than forthcoming about its financials, as well as its turnaround strategy.

NEW DELHI / MUMBAI, Feb 27 - A company owned by Nirav Modi, the billionaire jeweler at the heart of a $ 2 billion fraud case in India, has filed for bankruptcy in a New York court, as investigators stepped up their investigation into a case that has stunned the country.

«As with many great American institutions, i.e., General Motors, American Airlines, and many others who have utilized the strategic business tool called bankruptcy, Gary Busey's filing is the final chapter in a process that began a few years ago of jettisoning the litter of past unfortunate choices, associations, events and circumstances that visited themselves upon this great American icon, to enable the start of a new and clear path to peace, happiness and success with his career and his wonderful new soulmate, Steffanie, and their son, Luke.»

The ailing tech retailer is reportedly aiming to file for bankruptcy protection as early as today.

In the original offer from Ziff Davis that Gawker announced when it filed for bankruptcy, it looked as though a window had been left open that might have allowed Denton take over ownership of the main site, but that window appears to have closed.

Here is a look at the 10 largest retail bankruptcies in recent years, as ranked by assets at time of the initial court filing.

Just four months ago and before the holiday shopping season, Toys R Us filed for bankruptcy protection as its sales were waning and debt was piling up.

You may wish to do some clean up then as sites such as Bloomberg Business news are pointing directly at your current website and business activities in stories about the bankruptcy filing: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=146030718 This is what leads people to believe that the current company filed.

Update, Feb. 5, 2015: RadioShack has filed for Chapter 11 bankruptcy protection and reportedly reached an agreement to sell as many as 2,400 of its 4,000 locations to the hedge fund Standard General.

As rumors of the impending bankruptcy filing swirled, the New York Stock Exchange said it would suspend trading in the stock and sought to delist it, saying that Radio Shack's market value was too low to qualify its stock to trade on the exchange.

Court documents, filed in the United States as part of a 2007 bankruptcy dispute involving Dornier Aviation North America, listed Pacific American as an affiliate of Hainan Airlines.

He lost the Plaza, the yacht, and the airline, and the casinos filed for bankruptcy — but he himself didn't, as he reminds his crowds on the campaign trail.

The outlook for the State is grim as their constitution prohibits a number of already attempted fixes to some of their largest issues, i.e. pensions, in addition to the fact that the State is prohibited from filing for bankruptcy.

(Reuters)- Electronics retailer RadioShack Corp RSHC.PK filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.

The chain filed for Chapter 11 bankruptcy protection last fall, saddled with $ 5 billion in debt that hurt its attempts to compete as shoppers moved to Amazon and huge chains like Walmart.

Remington, one of the nation's oldest gunmakers and a defendant in the lawsuit, recently filed for bankruptcy as its sales have declined and debts have mounted.