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True Value has filed for Chapter 11 bankruptcy and plans to sell the business to wholesale company Do It Best.. Do It Best has offered to pay $153 million in cash to purchase True Value, according ...
The wildfires that devastated Los Angeles in January have caused a world of destruction. They've also plunged an already troubled housing market into a new crisis. In the wake of the fires ...
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
Most bankruptcy attorneys predicted that this will result in increased attorneys fees and will make attorneys less likely to take on some cases. In addition, bankruptcy filings are now subject to audit in a manner similar to tax returns. Increased compliance requirements for small businesses. The new law increases the bureaucratic compliance ...
The Southern California News Group (SCNG), formerly the San Gabriel Valley News Group and the Los Angeles News Group, is an umbrella group of local daily newspapers published in the greater Los Angeles area of southern California by Digital First Media, which is owned by the hedge fund Alden Global Capital.
United States bankruptcy courts are courts created under Article I of the United States Constitution. [1] The current system of bankruptcy courts was created by the United States Congress in 1978, effective April 1, 1984. [2] United States bankruptcy courts function as units of the district courts and have subject-matter jurisdiction over ...
The frequency of applying for bankruptcy depends on which type of bankruptcy you’re filing, something known as the 2-4-6-8 rule. Filing Chapter 13 after Chapter 13 : Two years. Filing Chapter 13 ...
Focus on bankruptcy attorneys with local expertise Besides being familiar with bankruptcy laws, the attorney should be familiar with the local laws of the court where your bankruptcy case will be ...