Category Archives: Bankruptcy News

It is sort of a kick in the pants to those who are struggling with their bills, but the cost of filing a consumer bankruptcy case just went up by $7.00, effective November 1, 2011. Now it will cost $306 to file a Chapter 7 case, and $281 to file a Chapter 13 case. A […]

The Daddy’s Junkie Music Store in Salem, NH has closed its doors, along with the rest of the chain’s operation. So far, Daddy’s has not filed for bankruptcy. This marks the second time this week that a chain store operation has closed a store in the Merrimack Valley without also filing for bankruptcy. Daddy’s has […]

Today brings the news that the Lowe’s home improvement store chain has closed it’s Haverhill store. What is a little unusual is that Lowe’s has not also filed a bankruptcy petition in association with the closing. In fact, the big-box chain is flush with cash. But that doesn’t mean there won’t be any personal bankruptcies […]

The Friendly’s ice cream chain did indeed file for Chapter 11 bankruptcy protection this week, which was not a surprise, as the filing was widely expected. What was a surprise was that Friendly’s immediately closed thirty of their restaurants in Massachusetts upon filing. The Merrimack Valley was spared from the bankruptcy closures for the time […]

If you are in debt, there is nothing more infuriating than being besieged by bill collectors on the phone. Unless it’s facing a mailbox full of threatening letters from collectors and attorneys. I’m Doug Beaton, a bankruptcy lawyer serving the Merrimack Valley for 17 years. What I’m offering you is a way to do something […]

Does a bankruptcy lawyer ever feel sad to hear of a possible bankruptcy filing? The cynics among you may not believe it, but I felt sad when I heard that the Friendly’s restaurant chain may be filing for bankruptcy as early as this week. Better news is that the Friendly’s in Lawrence, at the Loop […]

An 8 percent decline in bankruptcy filings this year might appear at first blush to be a positive sign for the economy, but further examination might put the optimism on hold. The number of bankruptcies may be down because people cannot afford to file and because there is little pressure from creditors to do so, […]