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August 2012 Archives

Chapter 7 bankruptcy filing for The Willows Theatre Company

Art lovers throughout the state of California have probably been concerned for a few years now with the effect the economic downturn has had on live theater productions. When Americans have less money in their pockets, luxuries are usually the first things to be cut from the family budget. As a result, some theater companies have been forced to file for bankruptcy. The Willows Theatre Company was the latest, announcing on August 16 that they would be filing for Chapter 7 bankruptcy.

Bankruptcy filing sparks questions of Native American sovereignty

Some of our San Diego area readers may remember a post from last month detailing the beginnings of the bankruptcy process for the Santa Ysabel Resort and Casino. The resort and casino filed for Chapter 11 bankruptcy protection in July, apparently looking to restructure the business model of the company and come to an agreement with their creditors on a repayment plan.

Jose Canseco files for Chapter 7 bankruptcy

Who in California doesn't remember Jose Canseco? The former Major League Baseball player was a star in the late 1980s, winning the 1986 Rookie of the Year award in the American League and the overall league Most Valuable Player award in 1988 -- all while playing for the Oakland A's.

You're in over your head on credit card debt -- are there options?

One of our previous posts mentioned how consumers have turned to their credit cards more often in the last few months. The month of May, in particular, showed a sharp increase in Americans' use of credit cards. Some people will read into this data what they will, but it doesn't always mean that Americans are getting themselves swamped in debt. There are those who may be able to turn back time on their credit, moving back toward a place where the use of credit cards was a luxury, not a necessity.

Are changes coming to student loan debt and bankruptcy?

Millions of Americans are becoming more and more familiar with student loan debt. Reports abound that show people everywhere, including in those San Diego, are borrowing for higher education much more than they ever have before. And some are learning more than they would like to know -- like how student loan debt, in the vast majority of cases is not dischargeable through a bankruptcy.