Category Archives: Bankruptcy News

The Crystal Cathedral — the Southern California ministry founded by noted positive thinker Rev. Robert Schuller has filed with the bankruptcy court its plan from emerging from the debt load that caused the church to seek Chapter 11 protection last fall. Boiled down to its essence, the mega-church’s plan is sell it’s sprawling complex in […]

A Massachusetts housing recovery is still a long way off, according to an article in the Boston Globe. And Lawrence ranks in the top ten communities in Massachusetts in the number of distressed properties — that is, homes where the owners are substantially behind on mortgage payments. A rise in the number of distressed properties […]

Fellow Massachusetts bankruptcy blogger Bill McLeod has shut down his blog. But its not for lack of interest or traffic, but because he has taken a job with the Bankruptcy court itself — as the court’s “pro se law clerk.” What does a pro se law clerk do? There are only a few of them […]

If you pick up the Lawrence Eagle-Tribune on Tuesday or Thursday, you’ll find an ad like the one at left which can be used as a “coupon” for a reduction of $299 off of a Chapter 7 bankruptcy case during the month of June. That’s like being able to file without paying a filing fee! […]

There has been an uptick in foreclosure petitions filed in Massachusetts recently, although it appears to have housing experts baffled as to what, if anything, that might mean. According to the Boston Globe, fourteen percent more foreclosure petitions were filed in April than in March. Foreclosure petitions signal the start of the foreclosure process, with […]

Last summer brought us an uplifting baseball related bankruptcy story, with the Texas Rangers sold in a bankruptcy court auction to a new group of owners who led the team to their first pennant winning season later that same year. This season the baseball connection to bankruptcy court is decidedly more of a downer, with […]

The bankruptcy court sale of the Blockbuster video store chain to satellite purveyor DISH TV is on temporary hold, so that the buyer can have some more time to decide what store leases it wishes to renew, and which ones it wants to abandon, according to wire service reports. Dish’s $320 million offer to buy […]

Last year, these pages adopted major league baseball’s Texas Rangers, who filed for bankruptcy in mid-summer and went on to win the American League pennant, as a tangible symbol that the bankruptcy process really represents a beginning, as well as an end. I think this year’s bankruptcy poster children will be the players of the […]