Articles Posted in Chapter 11 Bankruptcy

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

Many people have heard about and may even be familiar with Chapter 7 and Chapter 13 bankruptcies. These two chapters are used by individuals who are in debt and looking for a way to start fresh, either through liquidation (Chapter 7) or reorganization (Chapter 13). But what about Chapter 11? To find out more about Chapter 11 bankruptcies, keep reading.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a small business bankruptcy ?”

Bus manufacturer DesignLine infamously relocated to Charlotte, North Carolina in 2006 from New Zealand and it has been a largely uphill drive for the company ever since.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a small business bankruptcy ?”

Bankruptcy is stressful for anyone who has ever contemplated it. This is even more the case for those who own and operate businesses. Small business owners have to worry about how their financial struggles and potential insolvency could impact not only their personal assets and financial wellbeing, but also how it could impact their ability to earn an income in the future. Small business owners have the added burden of being responsible for the welfare of their employees, something that can heighten an already stressful ordeal.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

In what some are saying is the final nail in the coffin for the coal industry, the largest private-sector coal mining company in the world filed for Chapter 11 business reorganization bankruptcy on April 13. The filing, by St. Louis-based Peabody Energy, is but one in a long stream of bankruptcies filed by major coal companies in the United States in the last several years. However, Peabody’s liabilities make it the biggest U.S. corporate bankruptcy this year according to data compiled by Bloomberg. The filing estimates the coal giant’s debt at $10.1 billion.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

The hits just keep on coming for Caesars Entertainment Corporation. The company is one of the largest gaming companies in the world, owning and operating over dozens of casinos and hotels including Harrah’s.  It filed for Chapter 11 business reorganization bankruptcy in 2014 for $18 billion in debts but the case has been fraught with issues ever since: fraud, a 7-million page investigatory report, one very angry judge, and now, a ruling that an extramarital affair nullifies the entire report.

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Bankruptcy Lawyer Bryan W. Stone answers the question “What is Chapter 11 Bankruptcy?”

In a real-world flip flop that would have probably lost some votes for the fictional role he portrays on television, House of Cards actor Kevin Spacey backed out of plans this week to become Relativity Media’s newest chairman, mere days after declaring via video to the company’s bankruptcy judge that he was excited to take on the position.

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Bankruptcy Lawyer Bryan W. Stone answers the question “Do I need an attorney to file bankruptcy?”

Most people fear that filing for bankruptcy brings your life (or at least the financial aspects of your life) to a grinding halt. While bankruptcy is certainly an important financial decision that carries the possibility of significant impact, life moves on as it’s supposed to. In fact, the bankruptcy system is designed to ensure that people are able to carry on; carry on with their lives, their jobs and their financial affairs.

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Bankruptcy Lawyer Bryan W. Stone answers the question “What is Chapter 11 Bankruptcy?”

It’s sadly an all too common story these days, a claim of sexual abuse arises in a small town or city and, not too long after that, many more claims emerge, with victims feeling safe enough to come forward with their own stories. Adding insult to injury, these sexual abuse cases have frequently led to bankruptcy filings, with the churches responsible for paying the verdicts seeking ways to help avoid the potentially crushing financial burden of dozens of million dollar payouts.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I keep my car if I file bankruptcy?”

A recent article discussed how Caesars Palace plans to give its prime Las Vegas Strip property a facelift in time for its 50th anniversary. The facelift won’t come cheap, with the company revealing that the remodel of one tower of the property will cost nearly $75 million. What makes this interesting, at least from a bankruptcy perspective, is that Caesars Palace’s parent company, Caesars Entertainment Corp., is currently in the midst of a Chapter 11 bankruptcy and reorganization process.

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Charlotte Bankruptcy Lawyer Bryan Stone of Arnold & Smith, PLLC answers the question “What is Chapter 11 Bankruptcy?”

A recent article by CNN dug into Donald Trump’s business background, an attempt to clear up some confusion surrounding his record. Trump is known for bragging about his business acumen, reminding anyone who asks that he has a net worth in the billions of dollars. Though this may be true, it’s also true that in the past 30 years, no other major corporation has filed for Chapter 11 more than Trump’s companies have.