Business bankruptcy is not always solely about debt. Sometimes companies see bankruptcy as an opportunity to solve their financial issues, while planning for future profits. Those affected may see business bankruptcy as a means of achieving success.One...
Month: December 2011
Unemployment remains high and with that comes debt
The tough economy has left millions of Americans unemployed. Although it has been a few years since the recession began, many people are still struggling to find employment. According to a study by the John J. Heldrich Center for Workforce Development at Rutgers, only...
Homeowners offered assistance in one Tennessee town
The troubled economy continues to affect many people in Tennessee and in other places all across the country. In October, more than 75,000 homes nationwide were sold in foreclosure. In Tennessee alone, more than 2,500 homes were in foreclosure, but it appears that...
Business bankruptcy auction saves Tennessee-based company
Earlier this year, the Tennessee-based company Graceway Pharmaceuticals LLC filed for bankruptcy. According to court papers filed in the business bankruptcy, the company owed as much as $1 billion to creditors. However, the company will be able to stay open following...
Bankrupt hedge fund facing $90 million settlement
Last month, a United States District Judge approved a settlement between a hedge fund and investors who claimed losses as a consequence of a trader based in Tennessee losing $141.5 million on wheat futures contracts in 2008. The judge's ruling clears the way for a $90...
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