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January 2013 Archives

Legendary video game company files for Chapter 11 bankruptcy

Most of our Escondido readers have probably heard of the video game company Atari. The company first became well-known back in the 1980's, producing such early gaming hits as Pitfall and Pong. However, as some of the more well-funded game consoles, such as Sega, Playstation and Xbox, began to be released in the 1990's, Atari could not quite keep up. The brand endured though, and continued to be involved in video game development. But, it looks like Atari has run into more hard times, as the company recently filed for Chapter 11 bankruptcy protection.

Chapter 11 process moving right along for Eastman Kodak

Our Escondido readers who are familiar with previous posts here may know that Eastman Kodak, once the premier business in all of photography, is currently going through bankruptcy. The one-time mega-company filed for Chapter 11 bankruptcy protection back in 2011, and will continue to go through the required steps as 2013 begins. And, according to a recent report, Eastman Kodak took another step recently which will hopefully put it one step closer to emerging from the Chapter 11 process.

Businessman files for Chapter 7 bankruptcy due to lawsuits

For some people in Escondido and elsewhere, planning an approach toward dealing with personal debt can seem like an insurmountable obstacle. Although the national economy occasionally shows flickers of recovery, there are still millions of people throughout the country who are struggling with job loss, unexpected medical bills and credit limits being pushed to the max. A West Coast business owner, who apparently had extensive dealings in California, seems to have found himself in a similar position, and he recently filed for Chapter 7 bankruptcy.

Chapter 11 bankruptcy process finally ends for Tribune Co.

A new year means a new beginning for one of the largest media companies in America. Some of our readers may remember previous posts here detailing the long, complicated Chapter 11 bankruptcy process that Tribune Co. has been going through for the last four years. The company has spent years going through the ups and downs of the Chapter 11 process, but successfully emerged on December 31 of 2012.

California-based video game company files for Chapter 11

When a business gets into a dire financial situation, the company's directors may feel like there are no good options. However, in the history of the American economy, there are very few businesses that go throughout their existence without changes - sometimes significant changes.