Famous Bankruptcy

  • Heartbreak over the Loss of Tom Petty

    … fierceness about good rock and roll and just the fact that he was plain cool. Proof: When Johnny Cash covers your song and sings “[y]ou can stand me up at the gates of Hell but I won’t back down”; only one of the best lines ever in rock and roll. And Tom Petty knew how to not back down! As a consumer bankruptcy attorney, he was my hero. See if you…

    Bond and Botes- 14 readers -
  • Famed O. J. Simpson Defense Lawyer F. Lee Bailey Files Bankruptcy

    … The Bangor (Maine) Daily News recently reported that F. Lee Bailey has filed for bankruptcy in Maine. According to the news story, Mr. Bailey sought bankruptcy relief to resolve an outstanding federal tax debt from a dispute that ended his legal career. Reportedly, Mr. Bailey is a resident of the State of Maine, having moved there in 2010…

    Ed Woods/ Bond and Botes- 20 readers -
  • Puerto Rico Files for Bankruptcy Protection

    … I have written before on Puerto Rico’s financial situation and the possibility of a bankruptcy filing. Now, the island has effectively filed for bankruptcy. Earlier this month Puerto Rico sought relief under Title III of a federal law called the Puerto Rico Oversight, Management, and Stability Act, or PROMESA. PROMESA PROMESA allows Puerto Rico’s…

    Kathryn Davis/ Bond and Botes- 9 readers -
  • RadioShack Files Bankruptcy for Second Time

    … The second bankruptcy in two years involving RadioShack has been filed by its parent company, General Wireless Operations. Approximately 1500 stores are at risk of being closed with the latest update stating 552 stores will be closed (two in Alabama are on the closure list and those locations are in Madison and Mobile). The fate of more than 1000…

    Robert Reese/ Bond and Botes- 14 readers -
  • Todd Chrisley’s Bankruptcy Trustee Withdraws Motion for Contempt

    … Todd Chrisley, the star of Chrisley Knows Best filed a chapter 7 bankruptcy in August 2012. The Chapter 7 Trustee who administered Chrisley’s bankruptcy estate filed an adversary proceeding in February 2014 asserting Chrisley had not disclosed all of his assets and transferred assets to his wife prior to the filing of the bankruptcy. [i…

    Cynthia Lawson/ Bond and Botes- 16 readers -
  • Small Nebraska County In Big Financial Trouble

    … farmers are struggling with low commodity prices. As a result, the county may be forced to seek relief in the bankruptcy court. However, there are many questions concerning how a bankruptcy filing would play out for this small county. Unless the large jury verdict is thrown out or cut down on appeal, bankruptcy for the county may be inevitable…

    Ed Woods/ Bond and Botes- 16 readers -
  • Family Christian Stores Closing All 240 Stores

    … a business that has operated for 85 years and currently employees over 3,000 employees will be closing its doors. In 2015, Family Christian Stores used chapter 11 bankruptcy to wipe away over $127 million in debt with suppliers. Post-bankruptcy, Family Christian continued to pledge all proceeds to charity and had hoped the bankruptcy would be its…

    Mary Pool/ Bond and Botes- 15 readers -
  • Former Teen Idol David Cassidy Proposes Bankruptcy Plan

    … Cassidy and the late actress Evelyn Ward. But even this pedigree and his own career haven’t kept his personal finances healthy. Like many individuals who are faced with overwhelming debt, Mr. Cassidy has sought relief in the bankruptcy court. The sixty-six year old Cassidy attributes his financial woes to health issues that have prevented him from…

    Ed Woods/ Bond and Botes- 13 readers -
  • The Ringling Brothers Circus Closing after More Than 100 Years

    … been helping good people who are going through bad times for more than a quarter of a century. We offer a free initial consultation with an experienced attorney who will discuss your options with you. Come see us and we will help you learn what bankruptcy and non-bankruptcy options you have in dealing with debt. Stop procrastinating and let us help you. The post The Ringling Brothers Circus Closing after More Than 100 Years appeared first on Bond & Botes. …

    Robert Reese/ Bond and Botes- 15 readers -
  • Macy’s, an American Icon, Announces Nationwide Closures and Cutbacks

    … associates will be eligible for severance benefits. No mention if any of these changes will affect the famous Macy’s Thanksgiving Day Parade that is anticipated by many Americans as an annual tradition. The closing of these Macy’s stores may not affect you directly, but this can happen in any town anywhere. Losing a job as a result of cutbacks can…

    Amy Tanner/ Bond and Botes- 19 readers -
  • Sears Holding Corporation to Close down 150 Stores in Early 2017

    … Sears Holding Corporation is an American holding company headquartered in Hoffman Estates, Illinois. It is the owner of retail store brands Sears and Kmart. The Corporation was founded in 2005 when Sears and Kmart merged. Last week, Sears Holding Corp. announced it would close 150 stores that included 109 Kmart stores and 41 of its namesake Sears…

    Grant Mcnutt/ Bond and Botes- 19 readers -
  • Who Says You Can’t Go Back Home?

    … Just in time for Christmas comes a truly heartwarming story. Actress and comedian, Amy Schumer recently posted that she bought back her father’s farm that he lost in Bankruptcy nearly 30 years ago. Amy’s father, Gordon, was a very successful entrepreneur in Manhattan and as a result Amy spent much of her childhood very wealthy. However, Gordon…

    Bond and Botes- 22 readers -
  • Teresa Guidice Now Suing her Bankruptcy Attorney

    … Teresa Giudice is again in the news – this time for suing her bankruptcy attorney for malpractice. In June, 2015, the Real Housewives star sued her former bankruptcy attorney alleging legal malpractice, breach of contract and breach of fiduciary duty. However, it is interesting to note that Giudice’s conviction was not limited to bankruptcy…

    Bond and Botes- 25 readers -
  • Oh No . . . Not Again!

    … American Apparel is reportedly about to seek relief in the bankruptcy court . . . again. Just one year ago, the company filed its first bankruptcy case. In late 2014, the company ousted its founder and then CEO, Mr. Dov Charney. Litigation ensued and the company’s sales continued to decline until, in October 2015, the company filed its first…

    Ed Woods/ Bond and Botes- 16 readers -
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