A recent study funded by the American Bankruptcy Institute (ABI) and the National Conference of Bankruptcy Judges (NCBJ), revealed that the bankruptcy reforms implemented in 2005 had made the process of filing for bankruptcy more complicated and more expensive, with the costs associated with filing for bankruptcy being found to have increased by up to [...]

Mark Brunell, the ex-Jaguars football player, has filed for Chapter 11 bankruptcy protection. According to the Florida-Times Union, Brunell has declared assets of $5.5 million, but has $24.7 million in liabilities as listed in his bankruptcy filing. Brunell got into trouble because of several personal guarantees that he undertook on commercial loans involving millions of [...]

Bankruptcy laws went under great changes back in 2005 due to the tidal wave of filings, and the lending banks and credit card companies wanted to crack down on the borrowers who wanted an easy way out of their debts. With the change in bankruptcy filing laws, it become more financially prohibitive and more difficult [...]

Business bankruptcy financing may be seeing the last of the easy days as global market volatility makes investors jittery about putting their funds in this area. According to the expert legal and banking professionals who specialize in business restructuring, negotiations these days are more difficult. In contrast, just a couple of months ago there was [...]