Tough economic times can impact any business and cause a once profitable company to become overwhelmed by debt. Business bankruptcy may be the best option to save a company on the brink of collapse. Also known as Chapter 11 or commercial bankruptcy, this option allows...
Month: February 2013
Consumer debt rose nationwide in December 2012
During the economic downturn the country has experienced over the last several years, many residents of Cleveland have got deeper into debt than they intended. Those who are currently feeling the burden of credit card debt may feel helpless due to debt collector...
Alleged money juggling and pension fraud in Revstone bankruptcy
Most of the time companies go bankrupt because of losses sustained during normal business ventures. Occasionally, however, firms file for commercial bankruptcy after dubious business deals unravel and cause financial chaos. In these situations, details often emerge...
Financial woes the subject of essay contest for kids
Upwards of 20 percent of the population in the United States has experienced difficulty finding full-time work during the past five years. Being unemployed or only getting part-time employment has left many families struggling to make ends meet. Some people have filed...
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