Category Archives: Bankruptcy News

As forecast here just a couple of weeks ago, the Borders bookstore chain indeed filed a Chapter 11 bankruptcy case on February 16th in New York. Its debts are almost $1.3 billion. Although the chain has plans to close dozens of stores, the stores in Methuen’s Loop and Salem’s Mall at Rockingham Park appear to […]

2010 is in the books, and it officially set a four year high for bankruptcy cases in Massachusetts. So what to make of the news? Misery always loves company, for one thing, so if you haven’t filed a case yet, rest assured you have plenty of fellow travellers. Also, bankruptcy filings are a lagging indicator, […]

Borders — the book and music, cafe and store staple of strip mall America — is very close to bankruptcy. The filing could come next week. At least rumors are flying. Take a look at how their stock has been doing — not a pretty sight: According to Missouri bankruptcy attorney Wendell Sherk, there is […]

The Supreme Court’s decision in the Ransom case, where the court said that only debtors who actually pay car loans can take a means test deduction for “vehicle ownership expenses,” at first looks like a loss for the consumer debtor, and it is. But read on, and you may find that the Supreme Court has […]

The peaceful dawning of a new year belies a struggle about to begin amongst the various players in the bankruptcy system — the battle for your tax refund. In corner number one sits yours truly, a hard fighting bankruptcy attorney looking for new clients. What better way, says I, to spend your refund than to […]