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Special Report on

Legal fees forced bankruptcy

legal fees forced bankruptcy special research report Photo by assets.bizjournals.com
Saxbys, which moved its headquarters from Atlanta to Philadelphia nearly a year ago, is on an aggressive expansion push. It now has 55 locations in nine markets nationwide, up from 31 at the start of the year. It was founded in 2005. Earlier this month, Saxbys acquired 20 Bucks County Coffee sites from a group of private investors for an undisclosed sum. Some stores, mostly supermarket locations, were closed. Remaining locations will be converted to franchise stores bearing the Saxbys Coffee name, Nick Bayer, president and CEO of Saxbys Coffee Worldwide LLC, said. About 150 employees of Bucks County Coffee were retained, while ...
In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization). An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business.
REVIEWS AND OPINIONS
Bankruptcy Court Issues Summary Motion To Dismiss Involuntary ...
City Attorney Harriet Steiner last night at the Davis City Council Meeting announced that the Bankruptcy Court, Eastern District of California had ruled in summary judgment to dismiss involuntary bankruptcy proceedings against the alleged debtor, Davis Area Cooperative Housing Association, Inc.  Ms. Steiner also reported that the petitioning party, Neighborhood Partners and Twin Pines Cooperative Foundation may also be sanctioned for attorney's fees and court costs. Summary judgment is appropriate in cases where there is "no genuine issue as to any material fact and the moving party is entitled to judgment as a matter ... market research, surveys and trends
Poor RIAA Recovers Only a Tiny Fraction of Legal Fees From Piracy ...
here at Switched. And with good reason. There are few organizations out there as openly hostile to its customers as this front for the recording industry. When the group isn't busy suing file sharers, it's spreading propaganda and pressuring Congress and universities to crack down on piracy. While we don't approve of illegal activity, the RIAA hasn't earned itself much sympathy, thanks to its combative behavior and regular practices of suing little fish. So we can't help but take a little bit of schadenfreude when we heard that the organization was spending tens of millions of dollars to recover only a ... market research, surveys and trends

SURVEY RESULTS FOR
LEGAL FEES FORCED BANKRUPTCY

CIT to Test Speed of Bankruptcy Court - DealBook Blog - NYTimes.com
barely averted what it considered to be a ruinous bankruptcy filing that would likely have put the 101-year-old lender out of business. On Sunday afternoon, the company filed for Chapter 11 — but under a so-called prepackaged bankruptcy plan that will enable it to emerge from court protection by the end of the year, under the control of its debtholders. (Read the filing after the jump.) The filing, made in a federal court in Manhattan, will still mean much pain for many parties, beginning with taxpayers. CIT received $2.3 billion in government aid last year, a bailout that came in the form of preferred stock. That will ... industry trends, business articles and survey research
Old GM legal fees targeted | 1853 Chairman
The government watchdog monitoring General Motors Co.’s bankruptcy estate wants to withhold millions from a high-priced stable of lawyers and consultants who have submitted bills totaling $54.7 million. The U.S. Trustee has asked U.S. Bankruptcy Court Judge Robert Gerber to withhold 10 percent of the fees until the end of the case, in part because the old GM has yet to file a plan of reorganization almost one year after the bankruptcy case was filed. Deferring a portion could moderate potentially excessive fees and provide an incentive for resolving the case, the trustee said in a recent court filing. A hearing is ... industry trends, business articles and survey research
RELATED NEWS
Major South Florida law firms bouncing back slowly
Cesar Alvarez, longtime leader of Miami law giant Greenberg Traurig, says the economic downturn of the past two years has forced layoffs and a shift to new areas of practice for some lawyers who kept their jobs. White & Case's Victor Alvarez says that with his firm facing ``tremendous'' economic pressure from clients wanting reduced fees, growth has been flat for a couple years and is likely to stay that way. Chief executive Steven Sonberg of the Miami office of Holland & Knight, which laid off 243 lawyers and staff nationwide last year, says corporate transactions and other law fields hard-hit by the recession ... market trends, news research and surveys resources
Ex-Client Claims Advice From DLA Piper Led to Bankruptcy
A bankrupt outdoor furniture distributor has sued DLA Piper claiming the firm failed to properly advise it in transactions and subsequent litigation with a Taiwanese company. Joseph DelGreco & Company Inc., a privately owned New York corporation that filed for Chapter 11 in October 2009, sued DLA Piper earlier this month in Manhattan Supreme Court ( See Complaint ), claiming the law firm's negligence resulted in financial losses that propelled the company into bankruptcy. Among other things, DelGreco claims DLA failed to advised it of the consequences of a minor default on a loan and also pressured DelGreco to let the firm ... market trends, news research and surveys resources

INFORMATION RESOURCES

The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 ...
Presence—Creditors Forced Bankruptcy—Chapter Choice ..... Second, earlier research typically measures legal fees as a fraction of reported ... technology research, surveys study and trend statistics
For $800 and the Deed To Your Home -- Bankruptcy Foreclosure Scams
       "Attention Home Owner: Save your homes--Stop foreclosure now! Before you file bankruptcy call me first. We refinance mortgages regardless of your credit history!" Unless your home has been listed for foreclosure, you've probably never received an advertisement like this in your mailbox, but you may have seen similar solicitations printed in the local newspaper or posted on the grocery store bulletin board. These solicitations may signal that a lucrative type of fraud--the bankruptcy foreclosure scam--has established a foothold in your community. ... technology research, surveys study and trend statistics
Bankruptcy
Bankruptcy is a legal proceeding that helps some people who cannot pay their bills get a fresh financial start by temporarily, or permanently, preventing creditors from collecting debts from you. Personal bankruptcy generally is considered the debt management tool of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, making it difficult to acquire credit, buy a home, get life insurance, or sometimes get a job. However, it is a legal procedure that offers a fresh start for people who can't satisfy their debts. Individuals who follow the bankruptcy rules ...
REAL TIME
LEGAL FEES FORCED BANKRUPTCY
QUESTIONS AND ANSWERS
How long can we stay in our home after filing it in with our ...
How long can we stay in our home after filing it in with our chapter 7 bankruptcy ? we have not decided jet but, do we have to include our house in our banckrupcy ? we dont think we can afford the payments. Ok, I am having a hard time finding the answer I'm looking for, hope someone can help. We live in Minnesota My hubby and I do not want to foreclose on our home, nor do we want to do a short sale, as I hear a short sale is every bit as bad if not worse than bankruptcy. We have a second mortgage as well. If we file bankruptcy and put the house in with that, approx how long will we be able to stay in the home before we ...
WikiAnswers - Bankruptcy Law Questions including "Can you try to ...
The US Bankruptcy Code that determines which debts may be discharged and which obligations will remain after a person or organization is deemed insolvent Total questions 14700 Alleyseo [0] wrote the first answer to Can you file bankruptcy on payday loans or cash advances 19 Jul 2010 09:05 Charon9 (supervisor) [176] wrote the first answer to My friend went to a sale outside a store Later on a billboard hit her in the neck We can't seem to make a case cause the store is bankrupt How can you sue the place when they are bankrupt 19 Jul 2010 08:23 Kittydoo [0] edited flags on Should you file Pro se in simple chapter 7 bankruptcy