January 16, 2020
2005 Bankruptcy Reform Act Controversy
The “Trojan Horse” 2005 Bankruptcy Reform Act is Creating Election Controversy The 2005 Bankruptcy Reform Act is creating some controversy in the upcoming election. A renewed feud over the validity of the act between democratic candidates Elizabeth Warren and Joe Biden appears to be building. Was the 2005 law change truly a Trojan […]
December 27, 2019
Celadon Bankruptcy
Celadon Bankruptcy: Worst-Case Chapter 11 Scenario The Celadon bankruptcy was close to a worst-case scenario for Chapter 11. Things can always be worse of course, but this situation has most of the general “worst-case” aspects that a company can face in Chapter 11. Chapter 11 Celadon Worst Case Scenario: No Reorganization Chapter 11’s most appealing […]
December 26, 2019
Celadon Bankruptcy Filed in Delaware?
Celadon is an Indianapolis-based company. The primary operations were in Indianapolis. The employees were hit hardest in Indianapolis. Even their address on the bankruptcy petition is in Indianapolis. Why then was Celadon’s Chapter 11 bankruptcy filing in Delaware? Celadon is a “Delaware” Corporation Companies frequently incorporate in Delaware to take advantage of Delaware’s generous law […]
December 18, 2019
Celadon Trucking – Indianapolis Bankruptcy News
On Sunday, December 8, 2019, the well-known Indianapolis-based trucking company, Celadon, filed for Chapter 11 bankruptcy. To make matters worse, the goal of this Chapter 11 case was not to reorganize the company. Instead, it was to allow Celadon to cease its operations immediately. All Indianapolis-based operations completely grounded to a halt. Some drivers were […]
October 9, 2019
Romantic Scams causing Rise in Bankruptcy
Online romantic scams have been forcing many unsuspecting, kind-hearted people into bankruptcy. It is a real tragedy as these situations sweep across the nation in record numbers. Many of these people – frequently women and sometimes men approaching retirement age – are having their entire life savings cleaned out. When their life savings is stolen, […]
September 25, 2019
3 Types of Bankruptcy
How do the 3 types of bankruptcy work? What makes them different from each other? Understanding the difference between the 3 main types of bankruptcy is crucial. It will help you better decide which type of bankruptcy relief either you or someone you know may desperately need. The 3 types of bankruptcy are Chapter 7, […]
August 28, 2019
Can You Declare Bankruptcy Online?
Can you declare bankruptcy online? The answer is “yes” at least to some extent. You can do most of the process online even if you are declaring bankruptcy directly without an attorney. You can do this by reaching the forms and researching the locaton (which federal court office) in which you must declare your bankruptcy. […]
August 14, 2019
$500 Bankruptcy
Have you heard the popular advertisement for $500 bankruptcy? These advertisements usually have more truth and substance behind them than $0 or $200 bankruptcy and similar ads. What are you actually getting for these $500 bankruptcy offers? The answer may surprise you. $500 Bankruptcy May Only Be Partially Accurate When you hear an advertisement for […]
August 1, 2019
Declare Bankruptcy
Want to declare bankrputcy? You declare bankruptcy to eliminate all of your debts. Before you declare bankruptcy, it is important to know some basics behind the process. Knowing these basics will help you understand exactly how declaring bankruptcy actually works. You Declare Bankruptcy in Federal Court You or your lawyer will need to prepare a […]
July 31, 2019
ITT Tech: Student Loan Collapse
From Former Glory Years to Student Loan Collapse ITT Tech was once a well-respected technical training school that orignated in 1969. The headquaters was in Carmel, Indiana. By the 1980’s and 1990’s, ITT Technical Institute was synonomous with high-quality, no-nonsense education. Both young students right out of high school and older adult students would flock […]
