bankruptcies
Business Bankruptcies: 2011 Will Likely Follow 2010 Lower
9:05AM 12/21/2010
In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are also at play here.
Several data points this week confirm an ominous new trend among desperate consumers: They have stopped paying their mortgages but they're continuing to pay off their credit cards so they can keep buying staples, like food.
"I thought I was the biggest thief in the world because I didn't make good on the loans I had taken," Cecilia Deal tells WalletPop about her 2008 Chapter 7 bankruptcy. "It was the worst. When you value honesty and sticking to a commitment and then you consider yourself reneging on that value when...
Global corporate defaults totaled 265 in 2009, the most ever. A report by Standard & Poor's also confirms that the 193 U.S. company defaults set a record as well. But now, at least, S&P forecasts significantly improved levels of default risk for 2010.
Some new numbers have come out that serve as a reminder that the country is in a recession, regardless of what economists say. Last month, personal bankruptcies increased by 9 percent,according to the American Bankruptcy Institute.
That translates into 135,914 people who last month decided that...
Bankruptcy dilemma: Will the real Ellen Tracy please stand up!
6:10PM 10/06/2009
Today, the U.S. Bankruptcy Court for the Southern District of New York granted a petition against Ellen Tracy LLC for a Chapter 7 involuntary petition for bankruptcy. The petition was filed by three creditors seeking nearly $4 million in claims. The creditors were manufacturers of Ellen Tracy...
Job losses and the disastrous housing market continue to drive more and more people into bankruptcy court.Bankruptcy filings rose to 6,000 per day and are expected to increase to 1.5 million this year, up from 1.1 million in 2008, according to a report from Automated Access to Court Electronic...
Turns out that landing on 'bankrupt' isn't the only way to lose on Wheel of Fortune. In this economy, even winning the grand prize means someone can lose.Promotion Consideration is a group that sets up prizes for the big TV game shows. According to Travel Weekly, a travel trade publication,...
Living from check to check? Here's why: The little things add up
4:30PM 1/09/2008
In a recent post about the massive increase in personal bankruptcies, Zac Bissonette commented on the seeming disappearance of personal responsibility. A corollary to this is the apparent dissolution of self-control. Here's an example:
An acquaintance of mine often complains that he is living from...
More Stories
Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.07 | -0.11 -1.34% | 254.23M | |
| 2.19 | +0.25 +12.89% | 122.18M | |
| 18.88 | -0.26 -1.33% | 109.55M | |
| 12.44 | -0.25 -1.97% | 52.49M |
% Gainers
| 31.68 | +7.78 +32.55% | 18.42M | |
| 89.96 | +13.57 +17.76% | 13.27M | |
| 2.19 | +0.25 +12.89% | 122.18M | |
| 10.50 | +1.10 +11.70% | 3.07M |
% Losers
DailyFinance Wire
- 4 Money-Etiquette Questions Answered
- Walmart's New Health Food Push: Is It Too Hard to Swallow?
- Newlyweds, Don't Let the IRS Spoil Your Honeymoon
- Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
- Why Groupon Will Never Be Great Again
- Why Used Car Bargains Are Getting Harder to Find
- 5 Reasons Facebook Stock May Be a Better Buy Than You Think
Newswire
- Greece's grim choice: deep budget cuts or...
- Greece's coalition party leaders back bailout...
- Deadline nears, Obama wants payroll tax cut...
- NY cable dispute blacks out Knicks, 4 NHL teams
- Unions expect right-to-work will cost them...
- Staff at The Sun tabloid arrested in bribe...
- Turbo-traders take Bank of America for a ride
- Justice Department calls Swiss Bank a...
- Getting paid $35,000 to short sell
- What the $26B settlement means for you
- Investing your emergency cash: Return vs. risk
- First Premier's $400-a-year credit card
- Big banks' bloated mortgage tab
- Fewer young adults hold jobs than ever before
- Government assistance expands
- Bob Rodriguez: The best advice I ever got
- 24/7 Wall St. Top Analyst Calls of the Week (AONE, ALU, AMSC, NLY, AAPL, CSCO, COH, CSTR, COP, DLR, IBM, LF, MMM, M, OPEN, POST, SIRI, SOHU, TRLG, ZOLT)
- The Force: Star Wars Franchise Worth Over $30 Billion and Growing
- 24/7 Wall St. Closing Bell (COP, GILD, AMSC, MA, COH, LNKD, ATVI, CPST, GPRE, KONA, TRLG, LGF, MOVE, NBL, PCYC, ALU, FLIR, RUTH, FSLR, CIE, TBAC, RPXC, AMRS)
- Mid-day Movers (CIE, AMRS, IPSU, MOVE, LNKD)
- Petrobras Shares Volatile on $225 Billion Development Plan (PBR)
- Morning Movers (CIE, ALU, LNKD, AMRS, XIDE)
- AEP Dividend Growth Still Looks Safe Ahead (AEP)
- Arch Coal Tumbles on Earnings, Forecast (ACI, ANR, PCX, BTU, CNX)
Follow Us
