Chapter 12
bankruptcy is somewhat like Chapter 13 but is only available to farmers in certain situations. As recently as mid-2004 Chapter 12 was scheduled to expire but in late 2004 it was given a renewed lease on life.
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• Restaurant Owner Fhima Files Chapter 11 MinneapolisSt. Paul Star Tribune
The entrepreneur filed a bankruptcy petition to reorganize more than 2 million in debts. Two of his eateries, Zahtar and LoTo, remain open.
• Is Circuit City Headed For A Blowout ECommerce Times
Will Circuit City join the long list of electronics retailers, like Tweeter Home Entertainment and Harvey Electronics, that have filed for Chapter 11 bankruptcy protection in the past year Given that shares of the Richmond, Va., company are trading at just over 2, Wall Street is betting that could be a possibility.
• Home Interiors To Lay Off 116 Dallas Morning News
Carrollton based Home Interiors Gifts Inc. said it plans to lay off 116 people by the end of August, bringing to 150 the number of jobs it has cut since filing for Chapter 11 bankruptcy in April.
• Divorce, Foreclosure, And Bankruptcy US News World Report
Making the best of a bad situation.
• Would You Buy From A Bankrupt GM The Car Connection
General Motors stock barely crawled back into double digit range, closing at 10.12, on Thursday, a day after a key analysts warning that bankruptcy is not impossible, triggered a wholesale sell off, and plunged the aautomakers share to their lowest levels since 1954. The warning, from Merrill Lynch, came from one of the last of the ..
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