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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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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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Tennis Champion Boris Becker Declares Bankruptcy

November 14, 2017 | Posted in News

49 year old Boris Becker has experienced the height of achievements that any sports professional could ever desire to obtain: six grand-slam tennis titles, five year-end championships, 13 Master Series titles, and even an Olympic gold medal in doubles tennis. The German born tennis champion Boris Becker reportedly amassed a whopping $63 million in prize […]

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Flint Michigan Will Go Bankrupt without Water Agreement

October 17, 2017 | Posted in News

The Mayor of Flint, Michigan has faced a number of administrative troubles over the past few years. The troubles surrounding the city’s water began in 2011. When faced with a general fund deficit, the city council employed cost cutting measures that lead to tainted drinking water that contained lead and other toxins. The city’s water […]

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Massachusetts Contractor Gets Jail Time for Bankruptcy Fraud

October 12, 2017 | Posted in News

If you conceal assets from creditors during bankruptcy, you are breaking the law and could face heavy fines and imprisonment. Cyril Lunn, a Massachusetts based construction contractor found this out when he concealed assets and made false statements under penalty of perjury earlier this year. He was finally sentenced to a lengthy prison sentence by […]

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JCPenney on the verge of Bankruptcy

October 3, 2017 | Posted in News

  JCPenney’s stock is now officially a penny stock trading below $4 per share for the first time in the company’s history. JCPenney is a Department store that most Americans are familiar with. The company operates 876 locations in 49 states and Puerto Rico. JCPenney isn’t the only department store whose financial results have been […]

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Ohio Telemarketing Company Declares Bankruptcy

September 26, 2017 | Posted in News

Suarez Corporation Industries, an Ohio based Telemarketing Company filed for federal bankruptcy protection this week claiming to owe $10 to $50 million in debt, and owning $500,000 to $1 million in assets. SCI was started in 1970 by Ben Suarez who started the fledgling Direct Marketing Company from his home. Through direct marketing of a […]

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Bankruptcy Cases in Northwest Ohio Continue to Rise

September 20, 2017 | Posted in News

Bankruptcy filing have been on the decline for the past several years, with the decline being attributed to less medical debt thanks to the Affordable Health Care Act and an increase in the difficulty of getting a Chapter 7 bankruptcy case approved by the courts courtesy of the 2005 means test addition to bankruptcy filings. […]

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