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Home > Bankruptcy News

Bankruptcy News Feb 2011

Bears' Duerson filed for bankruptcy
Former Chicago Bears safety Dave Duerson, who committed suicide last Thursday, had filed for voluntary personal bankruptcy in September 2010 in a case that was still pending. (Mon, 21 Feb 2011 08:58:30 -0800)

Bankruptcy tourism draws debt-stricken Irish
Bankruptcy in Britain offers a way out for Irish entrepreneurs crushed by debt from heady property boom Niall is 31 and manager of a successful fruit farm just outside Dublin. He is thinking of emigrating to England – not because he is out of work but because he is so heavily in debt that he wants to declare himself bankrupt. He bought three houses as a buy-to-let sideline between 2004 and 2006 ... (Mon, 21 Feb 2011 09:34:16 -0800)

Bankruptcy filings, like foreclosures, expected to pick up again
By Jeff Harrington, Times Staff Writer Thursday, February 24, 2011 The drawn-out financial squeeze afflicting many in the Tampa Bay area appears to be easing. Not only have we seen a reprieve in foreclosure filings, but bankruptcy filings have also fallen significantly the past two months. The number of Tampa cases filed in the U.S. Bankruptcy Court's Middle District of Florida fell 10 percent ... (Thu, 24 Feb 2011 15:15:32 -0800)

GM Estate's Bankruptcy Plan Accepted by 97 Percent of Unsecured Creditors
General Motors Corp. ’s plan to liquidate unwanted businesses in bankruptcy was accepted by creditors holding $17.9 billion, or 85 percent, of its unsecured debt, according to court documents. (Fri, 25 Feb 2011 08:58:35 -0800)

Day care costs likely allowed in bankruptcy
Dear Bankruptcy Adviser, I will be filing for bankruptcy soon. I have an 18-month-old daughter who stays at a sitter's home during the day. She is not learning anything with the sitter and her pediatrician suggests that she go to a day care center to be around other children. (Sat, 26 Feb 2011 03:47:28 -0800)

Governors Reject State Bankruptcy Option
ABC News' Mary K. Bruce reports: Governors today slammed talk of federal action to allow states to declare bankruptcy and said the idea would ultimately do more harm than good. “Suggestions have been brought forward and some speculation that states... (Sun, 27 Feb 2011 13:01:26 -0800)

Seniors declaring bankruptcy at 'alarming rate'
In 2010, 16% of debtors who filed for a proposal or bankruptcy were so-called 'Grandpa Debtors,' up from 12.5% in 2008. A rising number of Canadians are entering retirement with debt (Mon, 28 Feb 2011 06:45:07 -0800)

Bankruptcy filings ease slightly in Indiana
Total bankruptcy filings in the Southern District of Indiana, which encompasses Indianapolis and the surrounding counties, ticked down last year. Business bankruptcies in Indiana dropped 3.2 percent. (Mon, 28 Feb 2011 09:30:49 -0800)

Is State Bankruptcy The Next Wave in Public Employee Union Busting?
While it?s too soon to tell how things will resolve in Wisconsin, should the effort in that st (Mon, 28 Feb 2011 09:59:12 -0800)

Bankruptcy report profiles average debtor
The typical person who files for bankruptcy in Canada is a 41-year old man owing $59,800 to something that isn't a mortgage, an eye-opening report from an Ontario-based insolvency trustee says. (Mon, 28 Feb 2011 15:24:23 -0800)


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