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March 2013 Archives

Chapter 11 filing takes a turn for San Diego Hospice

Some of our Escondido readers may have seen a recent post here detailing the bankruptcy filing of the San Diego Hospice, one of the largest hospices in the country. The business filed for Chapter 11 bankruptcy in February, with what appeared to be an original intention to make some changes and continue on in operation. However, it does not look like that is an option any longer, and the business will be moving toward a complete shutdown. And, according to a recent report, this comes even as it has been revealed that an endowment fund of nearly $22 million exists as a separate entity to support the hospice.

How do you get a fresh start with a damaged credit score?

When many of our Escondido readers consider filing for bankruptcy, one of the primary factors to be brought up is probably this: How will I be able to get by with a bad credit report? It is true that a personal bankruptcy - a Chapter 7 bankruptcy in particular - can stay on a credit report for years, and in many ways this can restrict options for financing in the future. However, once the bankruptcy process is complete and an individual or family is ready to head toward that fresh start financially, a recent article suggested a few tips which might help raise a credit score faster.

Southern California company set to emerge from bankruptcy

When a business in Southern California is facing financial difficulties, there are many decisions to be made. Growing expenses and shrinking profits can lead to employees being laid off, or necessitate innovation to come up with a different product. However, for those companies who believe things can improve, but just a little bit of help is needed, a Chapter 11 bankruptcy filing may be the way to go.

Bankruptcy and you - what are the options?

There are many reasons why people end up filing for bankruptcy protection. But no matter what the reason, whether it is a Chapter 7 personal bankruptcy or a business filing for Chapter 11 protection, the decision is usually not an easy one. For most people bankruptcy is an option of last resort, but it can be easy to forget that it is actually the best option in many situations. Nonetheless, a recent article offered a few tips for those who are facing financial challenges but are still hoping to put off a bankruptcy filing.