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Bankruptcy Archives

Medical debt leads many to seek debt relief through bankruptcy

The cost of medical debt can be financially crippling for many, resulting in a heavy financial burden that is hard to overcome. Even for patients who have some form of insurance coverage, with the high costs of medical care there can still be out-of-pocket expenses that can quickly add up. In many cases, it's not uncommon for these medical bills to lead a person to file for bankruptcy.One woman recently shared her story with a local news station. It was back in 2008 when she was diagnosed with organ failure. From there she was faced with a number of medical problems, which forced her to retire from her job with the Federal Bureau of Prisons. She had worked there for 18 years and is now still months away from qualifying for Medicare.

What could the decrease in Orlando bankruptcy filings mean?

Following a national trend, personal bankruptcy filings were down for the first four months of the year. Of course, while some are pointing to this as a sign of the downward economic trend finally starting to turn around, others are staying cautious as extended unemployment benefits are expected to be phased out and banks are once again initiating foreclosures.

Tampa hotel files for Chapter 11 bankruptcy

A Comfort Inn in Tampa, Florida, was recently added to a growing list of Chapter 11 bankruptcy filings by a family-owned business. In this most recent filing, the hotel lists assets between $1 million and $10 million and liabilities between $10 million and $50 million.

Largest US ice producer considering filing for bankruptcy

Reddy Ice Holdings Inc., the largest packaged ice producer in the U.S., has revealed that it is considering filing for bankruptcy protection and is reviewing its options as it looks to the future. According to a recent article in The Wall Street Journal, the news follows a bankruptcy filing in February by Arctic Glacier Inc., which is the second-largest ice maker and Reddy Ice's main competition.

'Pink slime' controversy leads beef producer to bankruptcy

It appears that public outcry over "pink slime," or the use of boneless lean beef trimmings in ground beef products, has led to national ground beef producer AFA Foods Inc. filing for bankruptcy. With these recent financial struggles, it's anticipated that lay-offs will also end up affecting hundreds of employees across the country who work for the company.

Chevys Fresh Mex emerges from Chapter 11 bankruptcy

While filing for bankruptcy is certainly a difficult decision for many business owners, partnerships and corporations, the truth is that a bankruptcy can actually be a very positive move that can greatly benefit a business in the long run.

Financial difficulties can lead anyone to bankruptcy

Anyone can end up needing to file for a personal bankruptcy. And while it happens quite often, some are still shocked when a famous celebrity finds themselves struggling and also needing to file. With so much money, people often wonder just how they ended up with more debts than assets.

Another airline seeks bankruptcy protection

Months ago we posted on the fact that American Airlines had filed for bankruptcy. At the time, the airline cited the increase in fuel costs as one of the reasons for the filing. Now, another airline -- Direct Air -- has also filed for Chapter 11 bankruptcy. The company is also citing the rising costs of fuel and operating as the reason for the need to file.

Boca Raton theater group eyes bankruptcy to avoid foreclosure

With the downturn in the economy, many who once frequented plays or donated to nonprofit playhouses now no longer have that discretionary income. In other cases, while some do have the income, due to distrust in the economy, many choose to save instead of spend on those things deemed unnecessary.

ABA Defending Liberty Pursuing Justice American Bankruptcy Institute The Florida Bar 1950 CFAWL Criminal Florida Association For Women Lawyers Orange County Bar Association
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