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NY Hickey Freeman workers rally after Ch.11 filing

A business bankruptcy may be a Chapter 7 bankruptcy or a Chapter 11 bankruptcy. A Chapter 11 bankruptcy involves reorganizing the business and restructuring its current debts, rather than completely liquidating the business, as is the case with a Chapter 7 bankruptcy.…

HMX Group filed for Chapter 11 a second time

Despite their differences, both President Barack Obama and his opponent, Mitt Romney, enjoy wearing Hart Shaffner Marx suits, a brand owned by suit company HMX Group. Unfortunately, HMX Group has found itself in financial trouble, having to file for Chapter 11 bankruptcy…

Short Sale vs. Bankruptcy filing

Some lenders today will require that you at least try for a short sale before they will consider a Deed In Lieu Of Foreclosure. Some people are in favor of doing a short sale because – It’s not a foreclosure.…

Long Island foreclosure relief scams prompt warnings

Three organizations have issued a warning to Long Island homeowners regarding con artists who falsely promise to stop home foreclosure. According to the U.S. Department of Housing and Urban Development, the New York state attorney general’s office and Long Island Housing…

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