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January 2013 Archives

Pinnacle Airlines moving headquarters amidst bankruptcy

Reduced sales and profits often cause a business bankruptcy, although tax problems are also a common reason for having to confront tough financial times. Business owners typically declare a business bankruptcy with a Chapter 11 filing, and readers in Cleveland will be interested in the following bankruptcy case that will allow the business to continue operating.

Americans owe more than $1 trillion in credit card debt

Many people living in the Cleveland area are struggling with credit card debt. Often, people use credit cards to make it through a tough financial stretch only to find themselves unable to pay the debt later on. For many Tennessee residents, credit card debt is a cycle. They simply spend more than they make and get trapped servicing debt they can't afford. It's important for these people to understand the law and how it may be able to help them resolve their situation.

Large settlement may bring foreclosure relief

During these difficult economic times, many people in Cleveland, Tennessee, have found themselves facing serious financial challenges, up to and including foreclosure. Filing for Chapter 13 bankruptcy can provide some relief from the pressure of creditors and may even buy homeowners the time needed to keep them in their homes.

Pinnacle Airlines to file reorganization plan

When a company files for bankruptcy protection, the goal is usually to restructure the business so that it can stay afloat. Businesses typically file Chapter 11 bankruptcy to reorganize their debts and continue to operate. Reorganization under commercial bankruptcy can help a business get back on the road to financial solvency.

Kodak hopes to rebuild after bankruptcy

Chances are most readers in the Cleveland area have used a product made by Kodak. For many, the name is almost synonymous with photography. However, with the widespread use of digital cameras, Kodak and its business of making film has struggled to remain profitable.