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October 2011 Archives

Cabinet maker files for business bankruptcy

For many companies, facing a business bankruptcy is one of their biggest fears. Not only is bankruptcy distressing and emotionally exhausting for the company and its employees, but it is also sometimes a murky process with no clear end in sight. When an Tennessee company faces a business bankruptcy, an experienced attorney may be able to help navigate the intimidating and confusing maze of the federal Bankruptcy Code.

Rumors of business bankruptcy send Kodak stock tumbling

Kodak stock took a major tumble last week, dropping more than 50 percent as rumors concerning the company's solvency swirled. Kodak, which is still hoping to avoid a business bankruptcy, has hired an international law firm for restructuring advice. Their biggest hope of avoiding bankruptcy may well involve selling their extensive patent portfolio, which has tech giants like Google circling the struggling maker of imaging equipment.

Former activist faces foreclosure

When one is unable to meet their financial obligations, it often feels like there is no way out. For many Tennessee residents, foreclosure has simply become yet another fact of life. Those facing foreclosure or bankruptcy will most likely benefit from consulting an experienced attorney who can help them chart a course through debt relief options, including federal bankruptcy laws. Fortunately, one feel-good story has emerged out of the gloom.

Bordering on business bankruptcy

There are many established Tennessee companies that seek bankruptcy protection, for a variety of reasons. The decision to file may have nothing to do with poor business decisions or poor financial management. Instead, it may simply be a case of rising costs and diminished sales. In those situations, business bankruptcy offers debt relief and an opportunity to get a fresh start. Recently, Borders Book Store filed for bankruptcy relief after failing to find any buyers for the business.

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