Loans » Bankruptcy

E-Mails Suggest White House Weighed a 2nd Solyndra Loan Worth Almost Half a Billion Dollars

davidguide — Thu, 06 Oct 2011 07:55:21 +0000

WASHINGTON Early last year, the Obama administration was so optimistic about the business prospects of Solyndra, the solar equipment manufacturer that declared bankruptcy last month after receiving a $528 million government loan, that officials

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Chrysler raises $7.5bn to repay governments

davidguide — Fri, 20 May 2011 00:34:15 +0000

Chrysler has raised $7.5bn from banks and private investors in a deal to repay loans from the US and Canadian governments and increase Fiat’s control over the Detroit carmaker two years after its bankruptcy

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Chrysler to repay $7.5 billion in loans to U.S., Canadian governments on Tuesday

davidguide — Thu, 19 May 2011 09:29:12 +0000

Chrysler is expected to repay $7.5 billion in government loans on Tuesday, according to people familiar with the planning. The move would come days before Chrysler’s two-year anniversary of emerging from government-backed bankruptcy on June 10, 2009. Chrysler spokeswoman Eileen Wunderlich declined to comment.

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Chapter 7 Attorneys Fort Worth:Chapter 7 Bankruptcy Information

davidguide — Wed, 13 Oct 2010 20:34:45 +0000

The following article discusses Chapter 7 Bankruptcy with the intent to answer any questions you may have regarding filing a Chapter 7 Bankruptcy and the resulting consequences.Chapter 7 Attorneys in Fort Worth answer all of your commonly asked questions about Chapter 7, Bankruptcy, and related topics.
Filing Chapter 7 Bankruptcy can be a challenge, as well as one of the most difficult decisions you’ll have to make, but with the right Fort Worth Attorney, it can be the most beneficial decision you can make to get a fresh start.With the help of professional and experienced Chapter 7 Attorneys of Fort Worth, you can eliminate all of your unsecured debts while keeping your assets like your car, house, retirement accounts, and other items needed to let you start over financially.
About Chapter 7 Bankruptcy and How it Works:
Individuals file Chapter 7 Bankruptcy mainly to discharge unsecured debt, like credit cards, medical bills, and signature loans.In addition, individuals can discharge secured debt like a vehicle or home loan, if they want to surrender the asset. However, they can choose to keep the car and/or home if they sign a reaffirmation agreement and continue to keep the loan current.An experienced and professional Chapter 7 Bankruptcy Lawyer can explain how this works in more detail.
Any person who lives, works, and owns property in this country can file a Chapter 7 Bankruptcy case. After the individual files for Chapter 7 Bankruptcy, in some cases they’ll be required to give up all non-exempt property or “luxury items” that they own at the time of the bankruptcy filing, if these items have equity. A trustee will then sell off these items and use the compensation to pay off creditors. However, an experienced Fort Worth Bankruptcy Attorney may be able to protect these “luxury items” in bankruptcy preventing the Trustee from taking the assets. Regardless if the Trustee determines if there are assets in a case or not, after approximately 4 months from filing the Chapter 7 Bankruptcy with a Fort Worth Attorney, the debtor will then be discharged afterwards, relieving them from the obligation of the remainder of most if not all of their debts. Chapter 7 individuals are then able to keep money earned after their bankruptcy case closing as well as other items and property they acquire after the case as well as the property that was exempt in the Chapter 7 Bankruptcy.A Chapter 7 Attorney in Fort Worth can provide answers and details if you have further questions.
How Much Does it Cost to File a Chapter 7 Bankruptcy?
It’ll cost you $299.00 to file for Chapter 7 Bankruptcy, and this initial fee may only be paid out through your attorney.Keep in mind that overall attorney fees vary from case to case, depending on complexity.Contact a Chapter 7 Attorney in Fort Worth for a better estimate.
Can I File for Bankruptcy Multiple Times?
After you’ve been given discharge after filing a Chapter 7 case, the only debts that you’ll be covered on are those that incurred before your initial filing. Unfortunately, many debtors are unable to pay new finances as they come up as they’re faced with unexpected life circumstances.If illness or loss of employment occurs, previous debtors sometimes once again find themselves in a situation when they’re filing for bankruptcy once again.If previously discharged, debtors may only receive another discharge if their later Chapter 7 case is filed 8 years or more after the filing of their initial Chapter 7 Bankruptcy case.Keep in mind during this 8 year waiting period, you may be eligible for Chapter 13 Bankruptcy relief.
Chapter 7 Attorneys in Fort Worth provide professional and experienced Bankruptcy counseling as well as legal representation in Bankruptcy cases.Let the experienced Chapter 7 Attorneys in Fort Worth work with you to review your case and provide a free consultation to help you understand and explore all available options.
For further questions and answers, contact a Chapter 7 Attorney in Fort Worth.

About Author
EricaRonchetti is a freelance writer for Ebert Law Offices, Bankruptcy Lawyers Fort Worth.Chapter 7 Attorneys in Fort Worth can provide helpful legal advice.To learn more about Contact a Chapter 7 Attorney Fort Worth .

Blockbuster Files For Bankruptcy Protection

davidguide — Thu, 23 Sep 2010 16:51:37 +0000

Kris Alingod – AHN News Contributor

Dallas, TX, United States (AHN) – Video rental chain Blockbuster filed for bankruptcy on Thursday, implementing a recapitalization plan it hopes will cut its debt from $1 billion to $100 million.

The Dallas-based company filed voluntary Chapter 11 petitions as part of a pre-arranged agreement with bondholders. The filing does not affect operations of vending kiosks and all 3,000 stores nationwide, which are open for business, nor those of international stores and franchises, which are separately owned.

The company’s agreement with a group of bondholders holding 80 percent of the it’s 11 percent senior secured notes “provides the optimal path for recapitalizing our balance sheet and positioning Blockbuster for the future,” chief executive officer Jim Keyes said in a statement.

Blockbuster will receive $125 million from the bondholders to finance its operations during the reorganization. The loan, called debtor-in-possession” financing, will convert to an exit loan facility and a new exit revolving credit facility of as much as $50 million after the recapitalization plan is completed.

The company has been losing customers to competitors such as Netflix, which rely more on online services. Blockbuster last month reported total second quarter revenues of $788 million, down from $982 million a year ago. Net losses were due to closure of stores and decline in sales, the company said.

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Personal Loans Companies

davidguide — Sat, 20 Feb 2010 22:56:01 +0000

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