November 6th, 2009

Chapter 7 Bankruptcy Filings, October 2009

Chapter 7 bankruptcy filings for residents of  Orange County, Riverside County, and San Bernardino County continue to be high, as local bankruptcy attorneys can attest.  Although few cities in these counties are immune, the concentration of chapter 7 filings tend to be higher in some cities more than others.
The Orange County cities with the most [...]

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October 6th, 2009

Chapter 7 Bankruptcy Filing Data For September 2009

The number of Orange County, Riverside County, and San Bernardino County residents filing for Chapter 7 bankruptcy has not slowed from August to September in 2009.
The ten Orange County cities with the highest number of Chapter 7 bankruptcies filed during September 2009, as reported in the Orange County Bankruptcies Blog,  are as follows:
Anaheim, Costa Mesa, [...]

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September 9th, 2009

Chapter 7 Bankruptcy Filings, August 2009

Chapter 7 bankruptcy filings have continued to rise across the nation, and southern California is no exception.
The top ten cities with the highest number of Chapter 7 bankruptcies in Orange County, as reported in the Orange County Bankruptcy Blog , are as follows:
Anaheim, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Niguel, Lake Forest, Mission Viejo, [...]

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August 19th, 2009

Bankruptcy Filed By Hotel Prompts “Bad Boy” Lawsuit

From Curtis Law Group’s Bankruptcy News page:
“Bankruptcy filings by corporations can lead to lawsuits, if the CEO or Chairman is not careful. Case in point: the Chapter 11 bankruptcy filed by the hotel chain Extended Stay has prompted a group of the hotel’s creditors to sue Extended Stay’s Chairman, David Lichtenstein.
“Bad Boy” guaranty provisions [...]

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August 6th, 2009

Chapter 7 Bankruptcy Filings For July 2009

Chapter 7 bankruptcy filings for Orange County, Riverside County, and San Bernardino County have been filed mostly by debtors living in the following cities during the month of July 2009:
Orange County
Aliso Viejo, Anaheim, Buena Park, Fullerton, Garden Grove, Huntington Beach, Irvine, Mission Viejo, Orange, and Santa Ana.
Riverside County & San Bernardino County
Corona, Fontana, Hemet, Moreno [...]

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July 28th, 2009

Small Business Bankruptcies Rising At High Rate

Inc. Magazine reports that bankruptcy has risen for small businesses at an extremely high rate in the last year, especially impacting those businesses in the transportation, construction, and manufacturing industries:

“Small businesses are going bankrupt this year at more than twice the rate that they were last year, according to Equifax.
Data from the commercial information and [...]

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July 15th, 2009

Bankruptcy: A Case Study Involving Security Interests, Insurance Proceeds, and Transferred Collateral

An interesting analysis from a writer at the Orange County Bankruptcy Forum of a strange Bankruptcy case involving security interests, insurance proceeds, and transferred collateral.  The summary and analysis, after the jump:
“Wells Fargo Bank v. Courson (In re Courson), 2009 WL 1871494 (Bankr.E.D.Wash., June 24, 2009, Adv. No. A04-00247)
This is a fight between [...]

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July 6th, 2009

June Chapter 7 Bankruptcy Filings For Inland Empire

The cities with the most Chapter 7 bankruptcy filings in Riverside County and San Bernardino County (combined) for June 2009, as reported in the Riverside Bankruptcies Blog:
“For the second month in a row, the top ten cities in the Inland Empire with the most Chapter 7 bankruptcy filings has remained the same.
The ten cities with [...]

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July 3rd, 2009

Chapter 7 Bankruptcy Filings in Orange County for June

As reported in the Orange County Bankruptcies Blog, Orange County cities with the most Chapter 7 bankruptcy filings come from all over the county, and cut across all demographics:
“For bankruptcy attorneys in Orange County, the number of Chapter 7 bankruptcies filed at the Santa Ana Bankruptcy Courthouse in June 2009 was high again, just as [...]

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July 1st, 2009

Supreme Court to Reexamine Bankruptcy Case on Exemptions

The United States Supreme Court has granted certiorari in the bankruptcy case of Schwab v. Reilly.  In hearing Reilly, the Court will be called upon to reexamine precedent established in Taylor v. Freeland & Kronz, a bankruptcy law case decided 12 years ago that requires bankruptcy trustees to object to an exemption claimed by [...]

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