Orange County Bankruptcies | Bankruptcy Blog

Orange County bankruptcy news from the WSJ online: “Freedom Communications Inc., the owner of the Orange County Register, is expected to file for Chapter 11 bankruptcy protection this week, according to a published report. The Wall Street Journal reported on its Web site Sunday that the privately held company has reached agreements with its lenders [...]

Bankruptcy attorneys for Reader’s Digest filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code on Monday.  From the San Francisco Chronicle: “Reader’s Digest Association Inc., publisher of the iconic general interest magazine that began gracing American homes in 1922 and now reaches a worldwide audience of 130 million, filed for Chapter 11 bankruptcy [...]

Chapter 7 bankruptcy filings are on the rise in Orange County, but some cities are seeing higher numbers of filings than others. The top ten cities in Orange County with the most Chapter 7 Bankruptcy filings for the month of July are as follows: Aliso Viejo, Anaheim, Buena Park, Fullerton, Garden Grove, Huntington Beach, Irvine, [...]

From the North County Times online: “A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in [...]

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 it was last month. The ten cities with the most Chapter 7 bankruptcy filings in Orange County for the month of June 2009 were: Anaheim, Buena Park, Fullerton, [...]

From Curtis Law Group’s blog: “As reported in the Los Angeles Times yesterday, southern California has seen a dramatic increase in the number of consumer bankruptcy filings of late. The article referenced the mortgage crisis as the culprit, while also highlighting the fact that changes to the Bankruptcy Code in the Bankruptcy Bill of 2005 [...]

From Yahoo news: “Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing to work in public service [...]