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January 2012 Archives

Memphis-based airline operator faces Chapter 11 bankruptcy

Times have been tough for many airlines. A difficult economic climate in combination with tighter wallets for travelers has led to a decline in the amount of purchased plane tickets. Airlines are consolidating and merging to survive, while others that are not as lucky must file for Chapter 11 bankruptcy.

Future still a worry as personal bankruptcy filings fall in 2011

Tennessee has had one of the highest personal bankruptcy rates in the country, and that trend did not change in 2011. According to a Columbia law professor who analyzed the 2011 national bankruptcy rate, Tennessee has the 4th most personal bankruptcy filings in the U.S. behind only Nevada, Georgia and Utah.

Rapper's Chapter 11 becomes Chapter 7, case threatens his name

A bankruptcy judge in Nashville, Tennessee has ordered David Darnell Brown, also known as Young Buck of the rap group G-Unit, to change his Chapter 11 bankruptcy to Chapter 7 liquidation. Brown attempted to file for Chapter 11 by reorganizing his financial situation with a restructured contract with G-Unit Records.

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