Todd B. Becker Bankruptcy Law Blog

As seen in the Seattle Times, the Crystal Cathedral megachurch was set to file plans Friday with a Southern California bankruptcy court to wipe out millions of dollars in debt by selling its campus and famous soaring, glass-spired church to a real estate investment group, its bankruptcy attorney said.

The church plans to lease back most of its core buildings under the plan, so worshippers and visitors won't notice any changes in services or outreach. The church's popular,... Read More

HALF MOON BAY -- Nurserymen's Exchange, the biggest wholesaler
of indoor potted plants in San Mateo County and a major Coastside employer,
announced Monday that it has filed for Chapter 11 bankruptcy.

The family-owned company intends to remain on the coast but is in the midst
of "restructuring," according to CEO Jack Pearlstein.

Nurserymen's Exchange will sell its operations to an investor in the next 60
days... Read More

As seen in  THE ASSOCIATED PRESS,  

COLUMBUS, Miss. — The Columbus Country Club, which has been open since 1923, has filed for Chapter 11 reorganization in federal court, putting the claims of 24 creditors temporarily on hold while the institution tries to restructures its debt.

Club president Kirk Hardy tells the Commercial Dispatch that the club should be able to come out of bankruptcy better and stronger. Until then, he said it is "business as... Read More

As seen in the JDSupra.com, when times are good your credit union can seem like they are your best friend. However, if times get bad, the credit union may be your most unforgiving creditor. Credit unions have different rules to abide by as compared to banks, and when it comes to the bankruptcy process the loans they give and the credit cards they issue can present unique problems. Specifically, the cross collateralization agreements that most credit unions include in their loan documents... Read More

As seen in the 24-7 Pressrelease:

One common question for people considering Chapter 7 or Chapter 13 is: How
will bankruptcy affect my credit score?

May 15, 2011 /24-7PressRelease/ -- The U.S. economy has experienced one of
the most turbulent times in its history over the past few years. A weak housing
market and high unemployment rates have left many people uncertain about their
future while struggling to get out from... Read More

Van Nuys-based Westrim Crafts, which filed for Chapter 11 April 29, bought several craft companies... Read More

Source: Javo Beverage Company

SAN DIEGO, May 13, 2011 (GLOBE NEWSWIRE) -- Javo®
Beverage Company, Inc., a leading provider of premium dispensable coffee and
tea-based beverages to the foodservice industry, announced its successful
emergence from its Chapter 11 restructuring today.

On January 24, 2011, Javo filed a voluntary petition under Chapter 11
of the United States Bankruptcy Code in the District of... Read More

As seen in the wvgazette.com:

CHARLESTON, W.Va. -- Milton-based Blenko Glass has filed for bankruptcy and
plans to reorganize, the company announced today.

The company blamed its recent financial struggles on a former gas supplier,
Big Two Mile Gas Co., which continues to garnish funds from Blenko's bank
accounts.

Blenko owes the gas company more than $500,000, according to... Read More

As seen in the Bussiness Insider.com : The real estate market has caused more financial disaster to families than ever before. Property values have plunged up to 50% or more in some areas and few experts predict any kind of growth for years to come. In 2010 the number of non-business bankruptcies surpassed 1.5 million reaching a 5 year high and some people expect 2011 and 2012 to have even higher numbers.

"Almost everybody knows someone who has filed (or considering)... Read More

As seen in the Forbes.com

For many people, filing for personal bankruptcy is an
option that carries with it personal stigma and many unknowns. Persistent myths
swirl around the process that are either half-truths or completely false. There
is more than one type of personal bankruptcy filing, and each has its own rules
and consequences, but the ultimate goal of each is to help a debtor out of a
... Read More