With inflation causing the cost of living to rise at out-of-control rates, it’s hard to imagine spending thousands of dollars on luxury clothing and accessories. But with its most profitable year being relatively recent history in 2021, it might come to a surprise to some that the online retailer Farfetch is on the verge of bankruptcy. That year, Farfetch had a valuation of $20 billion. Now, the [...]
It seems like everywhere you turn, businesses with very famous names- especially in the restaurant industry- are shutting down and filing for bankruptcy. Red Lobster filed for bankruptcy in May 2024, and Rubio’s Coastal Grill followed suit in June 2024. Another well-known chain is set to close 127 store locations due to one of its franchisees declaring bankruptcy. EYM Group, a franchisee with dozens of Pizza Hut [...]
For many years, Red Lobster has been a top choice among seafood lovers looking to sit down for a solid meal. It became known for offering lobster eaters the chance to pick out their dinner, as well as their warm and delicious Cheddar Bay biscuits. But despite these choices that have made the restaurant a classic, Red Lobster has made other business decisions that have been less [...]
Even occasional radio listeners can probably tell you a few of their favorite local radio stations. But many people only use radio in their cars, and more and more people nowadays work remote and rarely even get into their vehicles. When they do, they are inundated with more choices than ever like music streaming services and podcasts. When less people listen to the radio, that also means [...]
When considering bankruptcy, it’s crucial to determine if your housing situation will be secure after filing. Any of the debtor’s assets that aren’t protected by bankruptcy exemptions can be taken by the trustee to sell, keep a chunk of the sale as payment, and distribute the rest of the non-exempt proceeds among creditors. One of the largest exemptions available for bankruptcy filings is the homestead exemption. The [...]
In today’s unpredictable economic landscape, many individuals find themselves facing financial hardships in Chandler, Arizona, and throughout Arizona. Whether due to unexpected medical expenses, job loss, divorce, or other unforeseen circumstances, managing debt can quickly become overwhelming. Fortunately, there are various forms of debt relief available to help individuals regain financial stability and peace of mind. In this comprehensive guide, we will explore the events and circumstances [...]
If you’ve been looking to stock up on home gym equipment, now might be a good time: longtime fitness company BowFlex has filed for bankruptcy as of March 5, 2024. The case is a Chapter 11 bankruptcy filing, so it doesn’t mean an immediate shutdown. Many of their products can currently be purchased at a discount. The filing might surprise some, with home gyms growing in popularity [...]
Nothing feels more stressful than trying to stretch limited funds out until your next paycheck. Purchasing essentials can become the choice between racking up credit card debt or risking an overdraft on your checking account. It might not make sense for a bank to charge a customer money for not having money. However, if you make a purchase with your debit card and your bank account has [...]
With today’s economy, keeping a company in business is harder than ever. Some companies face financial struggles even when their founders have the advantage of already being famous. Kristen Bell is known for her roles in projects like Frozen and The Good Place. In 2019, she founded the baby product company Hello Bello with her husband Dax Shepard, a vaguely famous guy with a podcast. While as [...]
Danny Trejo has long been known for his tough-guy persona and has become even more well-known due to his foray into the culinary industry. This former convict has already turned his life around at least once, but news has recently broken of Trejo’s Chapter 11 bankruptcy filing earlier this year. He is hardly the first famous actor to declare bankruptcy, and probably won’t be the last. It [...]
The economy has been volatile for the past few years, and many large corporations have been forced to declare bankruptcy. One of the latest companies to file bankruptcy is Diamond Sports Group. Diamond Sports Group holds the broadcasting rights to the Phoenix Suns, Coyotes, and Diamondbacks. Phoenix sports fans probably don’t need to worry about their ability to watch their favorite team play on TV. Read on [...]
It has been several years since Dance Moms aired new episodes, but it had many moments that were memorable for reality television fans. One of the most shocking moments of the series was when Abby Lee Miller, the notorious dance instructor, had her very young dance team perform a number called “Electricity.” Parents and fans disapproved of both the choreography and the revealing costumes that the girls [...]
With the cost of living increasing faster than ever, more people live paycheck-to-paycheck, which also means more people are in peril of falling into debt from an unexpected financial emergency. An illness, injury, car maintenance issue, a leaky roof, etc., could all cause a family that would have been relatively wealthy a few decades ago to fall into default on their bills and risk financial ruin. Filing [...]
What Is The Minimum Debt Required For Filing for Bankruptcy Even relatively small amounts of debt can jeopardize your financial situation and entire way of life. Many American families live paycheck to paycheck, so unexpected setbacks can have much more serious consequences. Falling even one month behind on a bill could mean swift action by your creditors. But you might not have enough debt to justify filing [...]
Our Mesa Bankruptcy Lawyers Discuss a Serious Issue That Is Often Ignored & Can Lead To Massive Debt Almost everyone is guilty of using retail therapy at least once or twice to deal with an emotional issue. Sometimes when you’re feeling down, a new pair of shoes or décor item for the home can lift your mood. But when someone becomes dependent on the feeling they get [...]
Arizona Bankruptcy Law & Exemptions: What Are They? Many people assume that when you declare bankruptcy, you must give up all of your assets. This is only partially true, and only if you declare Chapter 7 bankruptcy versus Chapter 13 bankruptcy. Each state has bankruptcy exemptions, which are limits on how much equity you can hold in certain types of assets when you file bankruptcy. Failure to [...]
Boris Becker Convicted For Two & Half Years In Prison For Hiding Assets In Bankruptcy What’s the worst that could happen if you lie on your bankruptcy petition? Many people think the answer to this is that your case could be delayed or dismissed, or some of your debts will be excluded from your bankruptcy discharge. But there are countless ways you can violate the Bankruptcy Code [...]
How To File Bankruptcy If You Owe HOA Liens When you owe HOA liens (HomeOwner Association Liens) and other liens on your home, a foreclosure or bankruptcy sale is going to be a bit more complicated than if you didn’t. HOA liens have a high priority in Arizona, and can take precedence over your other creditors. Misunderstanding of these Arizona rules can result in a less strategic [...]
How Fast Rising Housing Prices In AZ Can Impact Bankruptcy Filings Our Chandler Bankruptcy Lawyers take a look at how the fast rising housing prices in Arizona impact the ability to file for bankruptcy and keeping your house. There are different chapters of bankruptcy that can be helpful in attempting to keep save your house from foreclosure in Arizona. When it comes to employment, housing prices, and [...]
Is It Better To File For Bankruptcy Or Use Retirement Savings To Pay Your Debts? When You Declare Bankruptcy in Chandler or Gilbert, Arizona, There Are Limits in How Much Equity You Can Hold in Every Type of Asset. Our Chandler Bankruptcy Lawyers Discuss If Your Retirement Savings are Protected in Bankruptcy, and Whether It’s Better to File or Use Retirement Savings to Pay Your Debts. Sometimes [...]
