American Airlines plans to ask the judge in their federal bankruptcy case for clearance to throw out the union contracts if attempts to reach cost-cutting agreements fail, according to the Denver Post. The lead bankruptcy attorney for the airline has indicated that the airline and union have negotiated in good faith, but union officials have said that they believe the company has intended to ask for the contracts to be thrown out from the start. Federal law allows for the company to throw out the union contracts as long as it first tries in good faith to negotiate with the union for a lower-cost deal, and can show that they need the financial relief. The pilots, flight attendants, and ground workers unions have all been expecting the company, which filed for bankruptcy in November, to ask for relief from the contracts.
Are you a small business owner who is struggling to keep your doors open in a poor economy? Contact a Parker bankruptcy lawyer to discuss your legal options.
The news often reports on bankruptcy actions for celebrities and huge corporations, such as airlines and auto manufacturers, but it is important to understand that bankruptcy can also be a way to keep struggling small businesses operating while they get back on track. There is a belief by many people that bankruptcy automatically indicates that the business is closing; in reality, the goal of a chapter 11 bankruptcy is to provide financial relief by reorganizing debts and other finances in order to make it possible for the business to keep its doors open. The benefit to creditors is that they are more likely to recover some of the money they are owed than if the business closes, and the business obviously benefits by staying afloat.
If your business has been struggling with bills and debt, bankruptcy may be an option to help keep your doors open. Bankruptcy law is extremely complicated, and you need a dedicated Parker bankruptcy lawyer to explain your options, and help you understand and decide whether it may be the best option for you. Brian Daniel is an experienced bankruptcy lawyer who can guide you through the entire process, and help you keep your doors open. For more information and a FREE CONSULTATION contact Brian today at (303)951-0233.
According to The Denver Post, Eastman Kodak Co. announced recently that it will stop making digital cameras, pocket video cameras and digital picture frames. The 132 year old company will continue to produce disposable cameras, however. The company went under bankruptcy protection from creditors last month in a case that involves $6.7 billion in debt. The New York-based company has struggled in recent years due to the failure to keep up with Japanese competitors in the shift from film to digital technology. Kodak has a year to develop a restructure plan for the company’s future. The company still has investors and a firm hope for their home photo printers, high-speed commercial inkjet printers, and workflow software and packaging as their main products.
Have you been considering bankruptcy as an option to reorganize your business? Contact a Colorado bankruptcy lawyer to further discuss your legal options.
In the past few years, a large number of companies have filed for bankruptcy in order to reorganize, in hopes of saving their businesses. Many people believe that filing for bankruptcy is what a company does as they go out of business. However, many businesses are very successful at using Chapter 11 bankruptcy as a tool for financial reorganization in order to keep their business going
If your business is struggling and you are considering bankruptcy as an option then you need to contact a dedicated Parker bankruptcy attorney. Whether it is for business or personal finances, filing for bankruptcy may be the best option. Understanding your options and filing for bankruptcy is a difficult and often a confusing process. Let the experience of a professional bankruptcy lawyer help you make your decision less stressful. For more information and a FREE CONSULTATION, contact attorney Brian Daniel at (303)951-0233.
In its ongoing coverage of Tom Martino’s bankruptcy proceedings, the Denver Post reports that an airplane hangar that he owns is going to be sold publicly as part of the liquidation of assets. The Post reports that Mr. Martino has objected to the sale of the hangar, but under his Chapter 7 bankruptcy, the court appointed a trustee, who oversees the asset liquidation. Mr. Martino’s attorney has indicated that he has settled a number of his debts, and believes that the sale of the hangar should not be necessary, but according to Judge Michael Romero, because the proceedings are Chapter 7 bankruptcy and not Chapter 11, the individual does not have control over the liquidation process. Most of the debts involved resulted from real estate deals that did not come out the way he had hoped with the poor economy.
Are you considering bankruptcy for a fresh financial start? Contact an experienced Denver bankruptcy attorney to discuss all of your options.
Bankruptcy is an extremely complicated area of law. In many cases, bankruptcy may be the best solution to growing financial problems, and a way to get a fresh start, but knowledge is key. Anyone who is considering bankruptcy needs to educate him or herself as much as possible on the alternatives, the process, and what to expect. There are a lot of myths out there about bankruptcy, some of which make it seem like a better option and some make it seem like a worse option than it in fact is. Anyone heading for a legal process as potentially life-changing as bankruptcy should do so with eyes open, and the best possible information about what will happen during the proceedings.
If you are considering bankruptcy as a solution to financial problems, contact an experienced Denver bankruptcy attorney to discuss your options. Brian Daniel has helped a number of families and individuals to get a new start, and get control of their finances. Brian will make sure that you have the information you need to make a decision, and has the skills and knowledge to guide you through the process as smoothly as possible. For more information and a FREE CONSULTATION, contact Brian Daniel today at (303)951-0233.
According to USA Today, the Swedish company Saab Automobile filed for bankruptcy Monday morning after many attempts at salvaging business deals to remain operational. The company had hoped to rely on investors from Russia and China but ultimately those business deals fell through. Negotiations between China and GM, owner of some of Saab’s technology licenses, were unable to satisfy everyone as GM was concerned about and Saab was forced to file for bankruptcy. The company remains hopeful that the company can be sold in its entirety but many experts are predicting the company will be sold in parts. GM, also under bankruptcy protection, has plans to wind down the Swedish company altogether.
Have you been considering bankruptcy as an option to reorganize your business? Contact a Front Range bankruptcy lawyer to further discuss your legal options.
Business bankruptcy rates are continuing to rise as the financial crisis continues on its course world wide. In Colorado alone almost 32,800 cases were filed in 2010 according to the American Bankruptcy Institute. Knowing that you have options when deciding your next financial move is important and filing for bankruptcy is an option that should be considered.
If your business is struggling to make ends meet and you are considering bankruptcy as an option then you need to contact a dedicated Colorado bankruptcy attorney. Filing for bankruptcy, whether for a business or as an individual, may be the best option considering many are able to bounce back from a processed bankruptcy claim. Understanding your options and filing for bankruptcy is a difficult and often a confusing process. Let the experience of a dedicated bankruptcy lawyer Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
Business owners are faced with difficult decisions on a daily basis that could make or break their company’s financial stability. And with the economy the way it is today, it is becoming ever more common that local businesses are filing for bankruptcy. The local station of 9 News has reported that Black Mountain Recycling, located just outside of Grand Junction, Colorado, has filed for chapter 11 bankruptcy last month. The company disposes waste-water that is leftover from oil and gas companies. The bankruptcy claim has listed Black Mountain Recycling as having an income of more than $615,000. Unfortunately, the company has accumulated around $2.4 million in liabilities. Most of this was obtained under previous owners when the company operated under the name of Black Mountain Disposal. Even though this company is located near Grand Junction, companies just like it are experiencing bankruptcy throughout the state of Colorado.
Has your business been affected by the economic downturn and have questions concerning your next step? Contact a Colorado bankruptcy attorney to further discuss your options.
With the economy continuing its downward spiral, it is becoming more and more difficult to maintain your business finances. According to the United States Courts website, filing for bankruptcy has gone up nearly 14 percent in the last year alone. In 2010, the number of cases filed in federal courts was around 1,600,000. Knowing that you have options when deciding your next move is important and filing for bankruptcy is an option that should be considered.
If your business is suffering and you are considering bankruptcy as an option then you need to contact an experienced Parker bankruptcy lawyer. Filing for bankruptcy can be the best option considering many businesses are able to come back from a processed bankruptcy claim. Filing for bankruptcy is a difficult and often a confusing process. Let the experience of bankruptcy attorney Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
Casa Bonita has been a beloved restaurant amongst Coloradans since it was built in 1974. It is highly recognized within the state and has even been featured on popular television shows. It came as a shock to many when it was announced that the colorful restaurant had recently filed for bankruptcy. According to 9 News, Casa Bonita’s parent company, Star Buffet, had filed for chapter 11 bankruptcy. Chapter 11 bankruptcy is available to every business and permits the reorganization required under the bankruptcy laws of the United States. Chapter 11 bankruptcy also allows the organization to remain in control of its business operations. Because of this, Casa Bonita will remain open to the public and continue normal business operations. Casa Bonita is the only restaurant that Star Buffet owns in Colorado but they own 32 restaurants nationwide.
Has your business been affected by the economic downturn of our society? Contact a Parker chapter 11 bankruptcy attorney to further discuss your options.
With the economy being the way it is today, everyone is more cautious about their business finances. According to the United States Courts website, in 2010 the total number of chapter 11 bankruptcies filed was around 13,700. Of those filed, around 11,000 were businesses filing for chapter 11 bankruptcy. Knowing that you have options when deciding your next move is important and filing for chapter 11 bankruptcy is an option that should be considered.
If your business is suffering and you are considering bankruptcy as an option then you need the dedicated services of a professional Front Range chapter 11 bankruptcy attorney. Bankruptcy seems to be a forbidden topic in our society and is often misunderstood. Filing for bankruptcy does not mean your business is irresponsible, many businesses are able to come back from a processed bankruptcy claim. Filing for bankruptcy is a difficult and often a confusing process. Let the experience of chapter 11 bankruptcy attorney Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.
Restaurants Perkins and Maria Callender’s have filed for bankruptcy earlier this month and have begun to close many of their restaurants nationwide. According to the Denver Post, four Perkins restaurants in the Colorado area have closed due to bankruptcy issues, including all three restaurants in Colorado Springs. There are still nine remaining Perkins locations in the Colorado State area. Perkins filed for a Chapter 11 bankruptcy and is hoping that this opportunity will allow them to improve the restaurants they have left. Maria Callender’s has already closed 31 locations across the board and the remaining Colorado locations do not seem to be effected.
The current state of our economy has led to a drastic number of companies filing for bankruptcy. Many companies are using this opportunity to strengthen the places they still have left and rebuild their company’s goals, and bankruptcy offers them a chance to do this. Companies can file one of three types of bankruptcy, a Chapter 7, 11, or 13. It is important for companies to review all of their legal and bankruptcy options before deciding which path to pursue.
If you or a loved one is considering filing for bankruptcy in Denver, Aspen, Colorado Springs, or anywhere in the State of Colorado, then you need a dedicated Colorado bankruptcy attorney to help assist you through this difficult time. For more information and your FREE CONSULTATION contact Brian Daniel at 303-951-0233. Our skilled and experienced Colorado bankruptcy lawyers are ready to help you.
Borders will be closing yet another store in Colorado. This will be the seventh store that has closed in Colorado, since Borders announced its bankruptcy in February. In fact, the Park Meadows mall will be one of 51 stores across the United States that could be closing this summer. Borders claim that they are in the process of negotiating in order to prevent many of their stores from closing. In February, Borders filed for a Chapter 11 bankruptcy, and they have until the end of June to secure the 51 stores in question or they will be forced to close them.
Borders plans to use this bankruptcy as a wake-up call and reorganize the stores that they have left. In order for the company to regain its success they had to close 200 stores immediately. Borders had to make this business move in order to prevent all of their 642 stores from closing. Luckily, many companies do actually bounce back after filing a Chapter 11 bankruptcy, and Borders hopes to be one of them. Once Borders is able to rebuild the stores they have left they will be able to expand their company once again.
If you or a loved one is thinking of filing for bankruptcy, it is important to consult a Parker bankruptcy lawyer. Parker bankruptcy attorney, Brian Daniel can help you and your family through this difficult time and have years of experience dealing with bankruptcy cases. For your free consultation please contact Brian Daniel’s office at 303-951-0233.
As Parker, Colorado, and the rest of the state slowly grinds through the “jobless recovery,” workers in some of the once-wealthiest areas are being forced to take refuge in bankruptcy. As highlighted in a recent KDVR Fox 31 story, many hardworking Douglas County residents are struggling through the difficult decisions of bankruptcy, even in an area whose residents enjoy a median annual income of about $100,000, one of the nation’s highest.
According to Federal Court statistics for Colorado, there were more than 7,000 new bankruptcy filings in our state during the first three months of 2011 alone. And, from anecdotal reports in different communities, it seems that bankruptcies are increasing among our region’s middle-class families.
Colorado bankruptcy attorneys have worked diligently to educate state residents regarding the availability of debt relief for people who deserve to have a second chance at the American Dream. In most cases, a savvy Parker bankruptcy attorney can help protect assets and work to neutralize or reduce debt so that people financially crippled by the recent recession can receive the relief they deserve.
If you or a family member suffers from debt that negatively affects your life, an experienced Parker bankruptcy lawyer can help you plan for a better financial future and remove your burden of stress, by helping you shed unjustified debt. To take the first step toward debt relief, call Parker bankruptcy attorney, Brian Daniel, today at (303) 951-0233 to schedule your free consultation.
According to the Flume, the chairman of the board of the Hartsel Fire Protection District has again filed for bankruptcy. This makes it the second time in six years that Herbert M. Burton, Sr. and his wife have filed for bankruptcy in Denver. On February 4th, the Burtons filed for Chapter 13 bankruptcy, listing about $273,000 in assets and $267,000 in liabilities. They could not file for Chapter 7 bankruptcy, since they already filed for Chapter 7 bankruptcy in 2005, and by law, a person must wait 8 years before filing for Chapter 7 bankruptcy again.
For many who live in Denver and throughout the State of Colorado, bankruptcy is a viable option to help get out of spiraling debt and crushing financial burdens. But what exactly are the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy? One of the main differences is the way debts are handled and paid off. Chapter 13 bankruptcies allow filers to get out of credit card or mortgage debt by setting up a schedule of payments with reasonable interest rates and pay back amounts. Chapter 7 bankruptcies, on the other hand, reduce assets to cash and make distributions to creditors.
This is just one of the differences between Chapter 7 bankruptcies and Chapter 13 bankruptcies. An experienced Colorado bankruptcy attorney can help you understand all of the differences between the two, so you can choose the legal pathway that is right for you and your family.
If you are considering bankruptcy in the State of Colorado, it is important to discuss your situation with experienced and veteran Colorado bankruptcy attorney, Brian Daniel. Brian Daniel will be able to assist you in making a financial decision that is best for you, your family, and your future, so you can safeguard your assets and reduce your liabilities. Contact Brian Daniel today for a Free Initial Consultation at (303) 951-0233.
