bankruptcy attorney Illinois

Bertucci’s Plans to File for Bankruptcy

Bertucci’s Inc., a Massachusetts-based restaurant chain best known for its brick oven pizza, has announced that it will file for bankruptcy in the coming weeks. Currently, Bertucci’s operates more than 80 locations throughout the northeastern United States. Its first location opened in 1981.
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Keeping Yourself Accountable as You Recover from Bankruptcy

There is only one person in charge of your financial recovery after completing the bankruptcy process - you. If you do not make an effort to change your financial habits and hold yourself accountable for your own budgeting, saving, and spending, you will quickly find yourself facing the same debt problems that drove you to bankruptcy in the first place.
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iHeartMedia Plans to File for Bankruptcy in Early March 2018

iHeartMedia, the largest network of terrestrial radio stations in the United States, is set to file for bankruptcy soon. Currently, the company is about $20 billion in debt. According to insiders, advisors for the company’s senior creditors have seen the documents that will be used on the first day of the company’s bankruptcy proceeding.
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Young CEO Saves his Family’s Company from Bankruptcy

In 2000, Pete and Gerry’s Organic Eggs was on the verge of financial collapse and considering filing for bankruptcy. Then, recent college graduate Jesse Laflamme, grandson of one of the company’s original founders, stepped in and made changes that transformed the egg producer into what it is today - a flourishing company that partners with 125 family farms in 14 states to produce high quality, organic eggs.
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Champaign Employer Hobbico Files for Bankruptcy

When a company files for bankruptcy, everybody involved with that company feels the impact. If it is a publicly traded company, bankruptcy can impact shareholders. Any relationships the company has with vendors and those it subcontracts are also impacted. Sometimes, these relationships have to be terminated for the company to become profitable again and in other cases, they are changed dramatically.
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Low Income Earners can File for Bankruptcy More Easily Through New Program

Many low income individuals who are desperately crushed by their outstanding debt avoid filing for bankruptcy because they are worried about its cost. Although completing a bankruptcy case can be costly, what these individuals often do not realize is that it is cheaper in the long run than continuing to put the bulk of one’s paycheck toward payments, often watching their debt compound and grow despite making an honest effort to pay it down.
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Couple Files for Bankruptcy After Hurricane Fraud Conviction

A Texas pastor and his wife who had been convicted of hurricane fraud in August of 2017 filed for Chapter 13 bankruptcy just a few months later in an effort to alleviate the stress of the debts they are facing. The couple stated that their debt liabilities are between $500,000 and $1 million and that their assets are worth about the same as their debt.
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Nightclub’s Bankruptcy Makes it Difficult for Shooting Victim’s Loved Ones to Pursue Wrongful Death Claim

The owner of the Cameo nightclub in Cincinnati, the site of the deadly shooting in March of 2017 that holds the record as the worst mass shooting in Cincinnati history, has filed for bankruptcy. This filing halted the progress of the wrongful death claim filed by the family of O’Bryan Spikes, a nightclub patron who died in the shooting.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com