For what appears to be decades, the credit rating agency Equifax has quietly layered three more years of tarnish on the credit histories of hundreds of thousands of people who had filed for bankruptcy under Chapter 13. Read more HERE.
On Sept. 13, Blue Mountain Hotel Group LLC, filed for Chapter 11 bankruptcy in a Georgia court. Chapter 11 allows a company to recognize and restructure some of its debt. Read more HERE.
Toys ‘R’ Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual. Read more HERE.
Roddey Player knows appliances. He was sweeping the floors of his family’s appliance business, Queen City Appliance, when he was eight years old. Eventually, he became a salesman, and then the CEO. But in 2012, Queen City Appliances was in trouble. Roddey tried everything to avoid the big failure: bankruptcy. It didn’t work. Queen City
“[Edmond Tarverdyan’s] testimony at the initial Meeting of Creditors was materially false,” bankruptcy trustee Jason Rund wrote in his June 2017 final report, recently obtained by Bloody Elbow. The public bankruptcy saga of Ronda Rousey’s oft-maligned trainer began with the surprise fall 2015 discovery of the case by Bloody Elbow’s John Nash. See rest of