by Paula Greenway | Sep 4, 2009 | Chapter 11 Bankruptcy
Montgomery based Bluewater Broadcasting has filed for Chapter 11 bankruptcy protection. The filing followed Landmark Bank calling for immediate repayment of its $4.5 million loan to the company.In its filing, the company listed $10 million in debts. It will continue...
by Paula Greenway | Aug 27, 2009 | Chapter 11 Bankruptcy
Montgomery based Colonial BancGroup Inc has filed for Chapter 11 bankruptcy protection just 11 days after being taken over by BB&T Corp. The filing listed assets of $45 million and liabilities of $380 million.The company’s two largest creditors are the Bank of New...
by Paula Greenway | Aug 19, 2009 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Greenway Bankruptcy Law, Personal Bankruptcy
Bankruptcies for the second quarter of the year rose from the same period of last year and from the first quarter of this year. In total, there were 381,073 bankruptcy filings by both consumers and businesses throughout the nation.The second quarter filings were a 15%...
by Paula Greenway | Aug 12, 2009 | Alabama Bankruptcy, Bankruptcy Filing, Birmingham Bankruptcy, Greenway Bankruptcy Law, Personal Bankruptcy
July showed a large spike in consumer bankruptcy filings all across the nation. The 126,434 filings came out to a 34.3% increase from July 2008 and an 8.7% increase from June 2009.The American Bankruptcy Institute reported the spike recently, saying that the month...
