South Florida Bankruptcy Lawyer

TH Agriculture and Nutrition, who is currently facing multiple personal injury lawsuits, filed for Chapter 11 bankruptcy protection on Monday. By filing for Chapter 11, TH is able to continue running while a reorganization plan for their debt is made. The company is also protected from creditors trying to seize their assets under Chapter 11.
TH is […]

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Michigan based trucking company, Gainey Corp. is filing for bankruptcy under Chapter 11. This allows the company to structure a repayment plan while keeping creditors at bay.
The company failed to repay over $238 million of a $260 million loan from Wachovia. Wachovia filed a suit against the company shortly after they defaulted.
Financial crises are becoming […]

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Hawaiian souvenir company Hilo Hattie recently filed for bankruptcy under Chapter 11. The company is not, however, shutting down. According to their Chief Executive, “We’re not closing. We’re staying in business. We see this as a fresh start.”
This filing comes only five months after Hilo Hattie was bought out by TOC Inc. Luckily, none of […]

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With the Lehman Brothers Holdings’ Chapter 11 bankruptcy filing, this year’s total corporate Chapter 11 and Chapter 7 bankruptcy filings has exceeded that of 2008 with three months left in the year. 2007 saw 78 corporations file for bankruptcy, while 2008 is already at 81.
As for assets, 2008 is passed the amount from 2007 even […]

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After several high-stakes real estate gambles folded, Lehman Brother filed for Chapter 11 bankruptcy protection on Monday.  The company spent the weekend trying to stake a potential buyer through several negotiations.  The two most likely suitors, Bank of America and Barclays PLC turned their backs after the United States government said it would not backstop […]

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