Posts tagged "business bankruptcy"

Bankruptcy filing statistics for Camden County NJ, Burlington County NJ and Philadelphia PA

Bankruptcy filings have dropped in the last year nationwide as well as locally in Camden County NJ, Burlington County NJ, and Philadelphia County PA. However, as can be seen from the statistics published by the US Courts, there are still a significant number of bankruptcies being filed. 25,763 were filed in NJ of which 2285 were filed in Camden County and 1686 were filed in Burlington County. Statewide that is an average of over 70 bankruptcies per day. In the Eastern District of Pennsylvania 9,533 were filed last year with 2,817 being filed in Philadelphia PA. Set forth below is the breakdown of the different types of bankruptcies filed, and whether they were personal bankruptcies or business bankruptcies.

Power company files 10th largest Chapter 11 business bankruptcy

A large power company called Energy Future Holdings has filed for bankruptcy. The business bankruptcy filing comes seven years after the energy company went through a leveraged buyout, which left it laden with debt. The buyout happened before the natural gas boom in the United States resulted in a large-scale reduction of electricity prices. These shifting economic forces affected business operations across New Jersey and the rest of the nation.

Power company files 10th largest Chapter 11 business bankruptcy

A large power company called Energy Future Holdings has filed for bankruptcy. The business bankruptcy filing comes seven years after the energy company went through a leveraged buyout, which left it laden with debt. The buyout happened before the natural gas boom in the United States resulted in a large-scale reduction of electricity prices. These shifting economic forces affected business operations across New Jersey and the rest of the nation.

Brookstone files for Chapter 11 after recession hit

Business bankruptcy proceedings can be utilized by New Jersey companies to get back on sound financial footing following difficult financial times. In fact, one well-known corporation, Brookstone, has announced that it is trying to do just that after filing for Chapter 11. The company, which most New Jersey shoppers know after visiting malls and airports throughout the nation, is currently trying to sell itself to Spencer Spirit Holdings for $147 million.

Brookstone files for Chapter 11 after recession hit

Business bankruptcy proceedings can be utilized by New Jersey companies to get back on sound financial footing following difficult financial times. In fact, one well-known corporation, Brookstone, has announced that it is trying to do just that after filing for Chapter 11. The company, which most New Jersey shoppers know after visiting malls and airports throughout the nation, is currently trying to sell itself to Spencer Spirit Holdings for $147 million.

Quiznos enters Chapter 11 bankruptcy proceedings

When a New Jersey corporation enters business bankruptcy proceedings, it does not mean the end of the world for the company. In fact, in many cases, business bankruptcy can represent an extremely positive new beginning. Quiznos, the world-famous fast food sandwich chain, for example, recently initiated the Chapter 11 process in the hopes of reducing its debt and coming out stronger in the end.

Quiznos enters Chapter 11 bankruptcy proceedings

When a New Jersey corporation enters business bankruptcy proceedings, it does not mean the end of the world for the company. In fact, in many cases, business bankruptcy can represent an extremely positive new beginning. Quiznos, the world-famous fast food sandwich chain, for example, recently initiated the Chapter 11 process in the hopes of reducing its debt and coming out stronger in the end.

New Jersey man avoids business bankruptcy with personal filing

Readers in New Jersey may be interested to learn about the bankruptcy of a local man. The man is the owner of an oil company, Norton Oil Company, which recently had some difficulty making the oil deliveries that it contracted to make to people in our state. The Chapter 7 bankruptcy filing came in part due to the personal guarantees made by the owner of the oil company for his business. This filing may help him to avoid a business bankruptcy for his personally owned oil company.

New Jersey man avoids business bankruptcy with personal filing

Readers in New Jersey may be interested to learn about the bankruptcy of a local man. The man is the owner of an oil company, Norton Oil Company, which recently had some difficulty making the oil deliveries that it contracted to make to people in our state. The Chapter 7 bankruptcy filing came in part due to the personal guarantees made by the owner of the oil company for his business. This filing may help him to avoid a business bankruptcy for his personally owned oil company.

New Jersey Chapter 11 bankruptcy relief helps when prices fall

Readers in New Jersey may be interested to learn about the troubles of a natural gas company that supplies consumers across the nation. The company recently filed for a Chapter 11 bankruptcy in their home state. This came after the business was unable to find funding sufficient to continue its current operations.

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