Safford, AZ
Litigation Lawyer at Safford, AZ
Practice Areas: Litigation, Probate ... +4 more
The company responsible for Ho Hos, Twinkies, and Ding Dongs has announced that it has filed for bankruptcy protection. Hostess Brands filed for Chapter 11 bankruptcy once before, in 2004 when it was u...
See Full GuideThe current economic difficulties have hit not only individuals and businesses, but also municipalities. The Harrisburg City Council recently filed a bankruptcy petition for the City of Harrisburg. The...
See Full GuideThe immediate goal of a Chapter 11 bankruptcy case is to confirm a plan of reorganization. The plan lays out the debtors new (and more manageable) obligations. A bankruptcy judge is required to make a ...
See Full GuideThe Chapter 11 reorganization plan filed by Realty Executives has been approved. The article reporting the approval includes several features common to Chapter 11 cases: Settlement or mediation of cla...
See Full GuideUnder current law, a corporate debtor may have a choice of venues (places to file): its state of incorporation, its principal place of business, the place where its principal assets are located, or a d...
See Full GuideSolyndra, the alternative energy company which took stimulus money, filed for Chapter 11 bankruptcy in early September. The office of the United States Trustee recently asked Solyndras bankruptcy judge...
See Full GuideIn business bankruptcy cases, the last to get paid are the owners. For a business, the owners are the members, shareholders, or partners. This rule, known as the absolute priority rule, also applies ou...
See Full GuideYahoo reports that Chapter 11 bankruptcy filings have increased in recent months. Many businesses have had difficulty working with their existing lenders, and cannot find new lenders willing to help on...
See Full GuideAccording to the Arizona Republic, Daniel Hendon, the owner of Dannys Car Wash filed for personal bankruptcy under Chapter 11. The article cites a number factors that business owners commonly face when...
See Full GuideLenders can foreclose even if the borrower has made every monthly payment on the schedule initially required by the mortgage. According to this article, a lender initiated foreclosure because the borro...
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