The total number of
bankruptcies filed in Anchorage increased by more than 30 percent in the period of one year.
Perhaps this trend is due in part to high-profile
bankruptcies of celebrities and large corporations, or the fact that the merchant or creditor who loses in the end is no longer the local bank or the "mom and pop" business owned by a neighbor.
Among them are the SOP's applicability to entities emerging from chapter 11 that fail to meet fresh-start reporting criteria as well as to prepackaged
bankruptcies.
Some of the abuses perpetrated in
bankruptcies don't encourage lenders to make loans."
Interestingly, the number of
bankruptcies filed by businesses throughout Alaska experienced a significant increase in some areas.
They are involuntarily taken in by the gloomy overall statistics that show that in many industries commercial
bankruptcies don't usually result in a dividend.
Bankruptcies flied in Alaska have increased dramatically.
It's a much great life threatening issue." Block said some of the banks have realized they have to approach the workouts sensibly and not push the developers into filing
bankruptcies as some institutions have done recently.
Kalikow's bankruptcy filing was evidence of the escalation in real estate-related
bankruptcies, as the market continues to be flat and mortgage-holding banks grow increasingly impatient.
Michael Lehman, a partner with Lehman & Alter, a Livingston, New Jersey firm which handles many real estate
bankruptcies, said Chapter 11 is designed for someone who has significant assets such as a large cash portfolio or stocks and bonds.
Here's a look at the
bankruptcies that have been filed so far this year.
June 2017 was the first month when the amendment making personal
bankruptcies much easier started to bear fruit, said Jana Markovaacute, senior analyst with CRIF SK, as cited by the TASR newswire.
This compares with the average of 692 among those who don't have
bankruptcies on their records.
(6) The debt accrued by necessary medical procedures has become the leading cause of personal
bankruptcies in the United States.
The Commission on the Bankruptcy Laws of the United States in its 1973 report characterized the requirement for pre-petition creditor approval of the plan as the submission of a "fait accompli to the judge, thereby creating substantial pressure on the judge to confirm the plan." (17) Characterized by consensual arrangements among a subset of stakeholders and limited interaction with the federal court, early municipal
bankruptcies bear little resemblance to today's chapter 9 cases in which bankruptcy judges play an essential role.
