NC-based Cetero Research, with lab in Fargo, files for bankruptcy
It's unclear from the documents what effect the filing will have on the Fargo facility, which has 400 employees and 544 beds for drug test subjects. PRACS Institute, one of the affiliates that combined to form Cetero in 2006 and also filed a bankruptcy …
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AMR Wants Information on Union Contract Rejection Secret
AMR filed court papers today seeking a judge's approval to reject labor agreements with three unions. American wants to file documents or portions of documents related to the request under seal, it said in a filing today in US Bankruptcy Court in …
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3 bidders for Dodgers OK'd
The team's debt stood at $ 579 million as of January, according to a court filing, so even after the divorce payment, taxes and legal and banking fees, he stands to make several hundred million dollars. The Dodgers filed for bankruptcy protection in …
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Wash U professor: Thousands of Americans to use tax rebates to file for bankruptcy
Many cash-strapped Americans are using their tax rebate to pay to file for bankruptcy, suggests a new study by a finance professor at Washington University in St. Louis . Results of the new research are published as a National Bureau of Economic …
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Entrepreneur files for bankruptcy protection
CHARLIE NEUMAN/San Diego Union-Tribune/ZUMA Press A Lake Elsinore entrepreneur has filed for protection from creditors in US Bankruptcy Court in Riverside, declaring assets of less than $ 50000 and debts up to $ 500000. The entrepreneur, James Bilbrey, …
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Grubb & Ellis Agrees to Sell Itself in Bankruptcy Proceedings
21 (Bloomberg) — Grubb & Ellis Co., a US real estate services company, agreed to sell almost all its assets to BGC Partners Inc. and filed for bankruptcy protection. Grubb & Ellis listed assets of as much as $ 500 million and liabilities of up to the …
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Question by : Why is everyone against bankruptcy?
Yes, I realize there are people who have a total disregard of their finances and just rack up bills, but what about those other people who need to file? How can anyone criticize anyone for not making enough money? Some of these people have 2 jobs and doesn’t take care of all their bills or the ones who have medical bills? I went to college and had student loans that I can’t pay back. My profession does not make a lot of money and everyone is created equal in how much their payments are which was not fair. So there are a lot of reasons why people fall behind their bills, because it is the inability to pay or unemployment, medical bills….Now, if maybe you are 10,000 in the rears, maybe you can go and consolidate your bills, but what about if you are over 50,000 in debt making 24k a year? Or maybe older person? Why is it that we do not complain that our government can’t budget their money and no one complains about that. Do we complain that corporations file bankruptcy? Lots of us did not want to bail out the car industry and said, “let them file bankruptcy.” Why is that acceptable? Who you yell at a person in public housing that they are poor?People commit suicide over this and don’t people get a second chance at starting a new life? If you own a car, and don’t agree with bankruptcy, then who should give up your car because Henry Ford filed bankruptcy and Walt Disney did also! Some people can not live in their means because of emergencies. “sorry, I guess I will not get treated for this disease because I do not have the money.” Can people lighten up on the bankruptcy thing? Besides, it is legal for a reason! What is your view on this touchy subject?
Best answer:
Answer by MadMan
I am not against bankruptcy. It is a legitimate part of financial planning. If companies can declare BK, then why not individuals?
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