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Category: News

E-Recycling Co. Founder Found Guilty of Fraud

April 17, 2018 | Posted in News

The former business owner of Zloop, the electronic recycling company in North Carolina that declared bankruptcy in North Carolina in 2015 found himself in hot water this week. The founders of Zloop found themselves in the target hairs o federal prosecutors who found it curious that Zloop spent more marketing money to sponsor a NASCAR […]

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New Ohio Tax Bill Will Extend 529 Plans

March 13, 2018 | Posted in News

Residents of Ohio who are contributing to a tax-deductible college savings plan are one step closer to additional income-tax deductions this week. The Ohio House passed Senate Bill 22 last week, which would expand Ohio’s 529 College Advantage Plan to include private schools, grades K-12. This proposed law is one that many others states in […]

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Dayton Ohio: Bankruptcy Causes Toys-R-Us Store Closure

February 20, 2018 | Posted in News

Toys-R-Us filed a voluntary petition for Chapter 11 bankruptcy protection with the US Bankruptcy Court for the Eastern District of Virginia on September 18th, 2017. The company, like many struggling retailers, has had a tough time turning a profit while competing with massive online retailers such as Amazon and Walmart.com. As with most companies filing […]

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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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