January 2022

Peter Hansen of Hansen Law Offices, 319 N. Main St., has been included in the Lawdragon 500 Leading US Bankruptcy and Restructuring Lawyers Guide for 2022. Hansen was selected for his work in Chapter 7 Consumer Bankruptcy.“Being in debt…

Once you've completed your bankruptcy, here are the basic steps to building your credit:Review your credit reportSign up for free credit monitoringOpen a credit card or loanSEE CREDIT CARD OPTIONS: Best Credit Cards After BankruptcyNext,…

UK: Insolvency Overview - Issue 7 | January 2022 …

Bermuda: Enforcement surges as lenders begin to lose patience …

Worldwide: Key Trends for 2022 - Insolvency and Dispute Resolution …

The federal bankruptcy code requires anyone seeking to file for bankruptcy to attend credit counseling within 180 days of filing. Debt.org describes bankruptcy as "a legal proceeding in which a judge and a trustee…

Wage increases for teachers, firefighters, police and other workers were included in a revised budget plan approved Thursday that will serve as Puerto Rico's economic plan criticized by some as the island emerges from bankruptcy.A federal…

Jan 26 (Reuters) - Grupo Aeromexico SAB de CV (AEROMEX.MX) is nearing the finish line of its restructuring with a proposed plan to reduce debt by more than $1 billion, but must first overcome the opposition from junior creditors who say…

Tuesday, January 25, 2022 This blog entry will be the first in a new series of ongoing entries in "Bankruptcy Protector" that will attempt to acquaint…

Public records on bankruptcy filings do not specify the race of the debtor. It is therefore generally not possible to break down bankruptcy rates definitively by racial group. Still, data researchers have had success comparing…

After nearly 65 years in business, Enstrom Helicopter Corp. closed its plant on January 21 after declaring Chapter 7 bankruptcy. Despite building more than 1,300 helicopters that have been sold to customers in…

Travel back in time to the spring of 2020: people search for toilet paper and spray their groceries with Lysol. Additionally, lenders are tackling new loan programs created under the CARES Act. Lenders quickly learn how to process…

After a bankruptcy filing, the task of repairing your credit begins. But how soon can you apply for new credit? It depends on the type of bankruptcy you filed, as your bankruptcy must first be discharged. It can take as little as six…

The debt plan will cancel $3 billion in pension bonds and cut $18.8 billion in general bonds and Commonwealth-backed securities to $7.4 billion. In addition to the new bonds, investors will receive an upfront cash payment of $7 billion…

AS A bankruptcy attorney, I'm often asked, "How will filing for bankruptcy change my life?" I think people ask this question because of the negative things they may have heard about bankruptcy from friends, family, coworkers, and…

The onset of a global health pandemic seemed to bode well for companies in the right sector, like disinfectant wipes maker Gilbert GPMI Company, but things didn't go as planned. After a major expansion deal with an Israeli industrial…

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The Wisconsin Department of Workforce Development and the state's Department of Justice have reached a $200,000 settlement as part of the Department of Workforce Development's claim filed in the bankruptcy case of Briggs & Stratton…

The owners of a restaurant chain in Roanoke, Va., closed one establishment and filed for bankruptcy at two others due to a deadly outbreak of hepatitis A that swept through the community last fall. At least four people have died, more than…

The automatic stay is a procedural tool in a bankruptcy case that effectively stops creditors' efforts to collect a debtor's unpaid obligations. As discussed in more detail in our previous article, immediately after a…

Hi, MarketWatchers. Don't miss these top stories.'Companies that don't offer this are missing out': Hybrid work from home/office equals 10% pay rise, Stanford economist says The flexibility of remote working has…

I remember the story of a poor old beggar who died one day – and to everyone's surprise, a money belt found wrapped around his waist contained thousands of dollars in cash. Apparently he had found the money belt while rummaging…

Richmond Mercurio - The Filipino StarJanuary 2, 2022 | 00:00 MANILA, Philippines – Philippine Airlines Inc. (PAL) exited its voluntary Chapter 11 process, successfully completing its financial restructuring in a much faster timeframe…

Flag carrier Philippine Airlines (PAL) entered 2022 on a high after emerging from a voluntary debt reorganization process. In a statement released Friday evening, PAL announced that it had exited its Chapter 11 voluntary bankruptcy…