Gold Leaf Corporation, a company from Nashville, Tennessee that acquired pieces of the Statue of Liberty during a renovation project in 1984, is filing for bankruptcy after an investor who kept the company afloat sued them. The man who invested in Gold Leaf Corp. won...
There are so many Tennessee residents dealing with the prospects of a personal bankruptcy case. A bankruptcy filing can discharge certain debts and stop harassing calls from collectors. Some of these debts and calls are from credit card companies, many of which have...
There is a wide-reaching effect on employees, board members, owners and customers when a company decides to go bankrupt. When a business declares bankruptcy, there are a variety of side-effects that impact people associated with the company. Customers lose confidence...
Tennessee has had one of the highest personal bankruptcy rates in the country, and that trend did not change in 2011. According to a Columbia law professor who analyzed the 2011 national bankruptcy rate, Tennessee has the 4th most personal bankruptcy filings in the...
The troubled economy continues to affect many people in Tennessee and in other places all across the country. In October, more than 75,000 homes nationwide were sold in foreclosure. In Tennessee alone, more than 2,500 homes were in foreclosure, but it appears that...
Earlier this year, the Tennessee-based company Graceway Pharmaceuticals LLC filed for bankruptcy. According to court papers filed in the business bankruptcy, the company owed as much as $1 billion to creditors. However, the company will be able to stay open following...
A restaurant owner filed for Chapter 7 bankruptcy on Oct.5. This comes after financial problems forced the restaurant owner to close two restaurants and a banquet facility in January. The petition is a personal bankruptcy petition as opposed to a corporate bankruptcy...
$32.7 million is a colossal amount at a personal level, even for the booming Reno or Las Vegas. For us, here in Tennessee, such an amount at a personal level is nearly unheard of. Yet that is the amount a small-time property developer has listed as his gross liability...
Buffeted by the ill winds of divorce and alimony, paying a portion of his son's college expenses and daughter's medical bills, one city's mayoral candidate's finances finally fell apart. So much so that he had to file for Chapter 13 bankruptcy. Now, running for mayor...
