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Xceligent Files Chapter 7 Bankruptcy

January 12, 2018 | Posted in Chapter 7

One of the biggest commercial real-estate data firms in America, Xceligent, filed for liquidation this week. The decision to shut down the company comes after discussion with CoStar Group to settle litigation over alleged data theft. While companies that wish to remain in business and negotiate with creditors can file for Chapter 11 bankruptcy protection, […]

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Ohio Bankruptcy Watch: Real Alloy Declares Chapter 11

January 10, 2018 | Posted in Bankruptcy

Difficult credit and financing conditions have led Real Industry Inc., owner of Real Alloy, to file for Chapter 11 Ohio bankruptcy. Real Alloy, a secondary aluminum producer based in Beachwood, Ohio filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware where it is incorporated. The company has scrap […]

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Federal Government Cracking Down on Bitcoin Fraud

December 27, 2017 | Posted in News

While Bitcoin has been around quite some time, the digital currency has been all the rage lately as consumers from all walks of life are considering investing in the futuristic financing. It seems like Bitcoin has reached a status that the stock market did before the dot-com bubble burst when taxi cab drivers were even […]

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How to Prepare for Meeting of Creditors

December 21, 2017 | Posted in Bankruptcy

When you file for Chapter 7 bankruptcy in Ohio, you must attend a meeting of creditors, also known as a 341 creditors meeting. While your Dayton bankruptcy attorney will be able to accompany you to the meeting of creditors, it is you as the debtor that will have to answer the bankruptcy trustee’s questions. Although […]

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Holiday Spending Tips

December 19, 2017 | Posted in Money Management

A quarter of Americans will go into debt this holiday season by paying for food, decorations, and holiday gifts with credit cards. A recent report eluded that many people are still paying off last year’s holiday spending and many more will take as long as six months to pay off their holiday spending. We’ve put […]

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Ohio Bankruptcy Exemptions

December 5, 2017 | Posted in Bankruptcy

For those filing Ohio bankruptcy, you must use Ohio’s state bankruptcy exemptions; you cannot use the exemptions established by federal law. The good news is that Ohio offers a much more generous homestead exemption, an exemption you apply to your personal residence, at $136,925 versus the Federal exemption which covers only $23,675. Ohio also offers […]

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What is Credit Card Debt Consolidation?

November 30, 2017 | Posted in Debt

If you find yourself with multiple credit card balances, making individual payments on several bills every month, each with their own high interest rates, you may have considered a credit card consolidation. It’s important to remember that when you consolidate your credit card debt you are effectively taking out a new loan that could have […]

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Cumulus Media Inc. Files Chapter 11 Bankruptcy

November 28, 2017 | Posted in News

Media pundits and financial experts have been keeping a close eye on Cumulus Media Inc. over the last 18 to 24 months, with many of them predicting the ultimate bankruptcy of the media behemoth. This week, the Atlanta, GA based radio and broadcasting company fulfilled those prophecies by filing to reorganize under Chapter 11 bankruptcy […]

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Ohio Prepares for Highest Thanksgiving Travel Volume in 12 Years

November 21, 2017 | Posted in News

People all over America travel for the holiday season, and 2017 will be no different. What will be different is the number of people taking the roads, skies, and railways compared to recent years. An estimated 50.9 million Americans will be traveling more than 50 miles for Thanksgiving this year. That number will equate to […]

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Will Winn-Dixie be Forced to File Bankruptcy?

November 16, 2017 | Posted in News

The Winn-Dixie’s parent company, could be headed for bankruptcy according to new reports from Bloomberg and Grocery Headquarters. The company owns Winn-Dixie, as well as Harveys, Fresco y Mas, and the recently acquired Bi-Lo, which could pout as many as 50,000 jobs at risk. The company spent $150 million in a buyout of the Bi-Lo […]

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