SENSE AND CENTSIBILITY Am I Too Broke to File Bankruptcy?
As a bankruptcy counselor, I often speak with clients who are knee-deep in debt, and running in crisis mode. They are considering filing bankruptcy, but are frustrated at the cost to retain an attorne... Posted on 5/3/13 at 10:01 AM
THE FLENSBURGER FILES The Problem with Soccer in Germany Part 1: Overview
People have their favorite sports that they love to watch. In the US we have our traditional sports of baseball, football, ice hockey and basketball, but we also have our state-of-the-art type of spo... Posted on 5/17/12 at 9:47 AM
The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection, the largest municipal filing in U.S. history and a move aimed at wiping away billions of dollars in debt.
Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.
During the bleakest days of the Great Recession, Congress agreed in bipartisan votes to bail out two of Detroit's biggest businesses, General Motors and Chrysler. Today, however, there seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.
"Octomom" Nadya Suleman filed for bankruptcy Monday, saying in a court filing that she has as much as $1 million in debt. Suleman wants a fresh start and said in a statement that filing for bankruptcy is what's best for her children, according to the Orange County Register.
A company that runs a Fargo drug testing center wants more than $1 million in executive bonuses as part of a bankruptcy reorganization plan. Cetero Research is based in North Carolina. It does early testing of new drugs. It has almost 400 employees in Fargo and a facility with more than 500 beds.
It’s unclear from the documents what effect the filing will have on the Fargo facility, which has 400 employees and 544 beds for drug test subjects. PRACS Institute, one of the affiliates that combined to form Cetero in 2006 and also filed a bankruptcy petition Monday, was started in Fargo in 1983 by James Carlson, a former professor at North Dakota State University.
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