Michigan-based Lear Corp, one of the leading manufacturers of automotive seats, electrical distribution systems and electronic products, has completed a financial reorganization after having filed for Chapter 11 bankruptcy relief in July, 2009.
In a statement, Lear’s Chairman, Chief Executive Officer and President Bob Rossiter said that we have moved through the financial restructuring process [...]
CIT Group Inc., one of the nation’s largest bank and a major lending to small businesses, announced Sunday it would file for Chapter 11 bankruptcy, less than a year after receiving $2.3 billion in federal stimulus money.
CIT is the largest bank to fail after receiving support under the government’s Troubled Asset Relief Program, according to [...]
A Hindu Temple outside of Atlanta, Georgia filed Chapter 11 bankruptcy to stop foreclosure—and provides a clear example of the benefit that bankruptcy can provide.
The Hindu Temple of Georgia, located in Norcross, Ga., had defaulted on a $2.3 million bank loan, and was to be auctioned off in a foreclosure proceeding next week. By filing [...]
Clear Bankruptcy has a network of sponsoring attorneys nationwide and our mission is to help people connect with personal bankruptcy lawyers. Visit us at www.clearbankruptcy.com
Twitter Updates