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Florida lawyers’ concerns based on a 70% increase in Chapter 11 filings over last year. 

Florida – February 28, 2023 Florida lawyers are paying attention to the national bankruptcy trends, specifically the 70% increase in Chapter 11 filings over the last year even as the state has not experienced this high rate overall.  The…
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Orlando business lawyers may provide valuable internal control documents to reduce fraud.

Florida – February 28, 2023 According to the 2020 Global Study on Occupational Fraud and Abuse, one in three cases of occupational fraud are caused in part by a lack of internal controls.  Theft, embezzlement, bribery, benefit, and payroll…
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Forma Brands, Parent Company of Beauty Brand Morphe, Files for Bankruptcy

The parent company of the beauty brand Morphe has filed for Chapter 11 bankruptcy. The company launched in 2008 with just a handful of professional makeup brushes. It later expanded to include makeup and skincare products. Morphe really gained…
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Is Carvana Filing for Bankruptcy?

Carvana has disrupted the auto industry in an alarming way given the business model it follows. Carvana, which has often referred to itself as a car vending machine, buys and sells vehicles, and will even go as far as delivering them to your…
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Online Wine Subscription Service Winc Files for Chapter 11 Bankruptcy

The online wine subscription service Winc is facing some tough times. Winc was founded in 2012 and is based in Santa Monica, California. While the purchase of wine and spirits isn’t exactly down, Winc’s profits have fallen, which has resulted…
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Alex Jones Has Now Filed For Personal Bankruptcy

Infowars founder Alex Jones has filed for bankruptcy, and this time, it’s personal. Just a few months back, Jones was ordered to pay roughly $50 million in damages to some victims and the families impacted by the Sandy Hook Elementary School…
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What Happens If I Max Out My Credit Cards Before Filing For Bankruptcy?

Running up the balances on your credit cards just before you file for bankruptcy is a bad idea. Here’s why.   Moody, AL–Bankruptcy offers debtors some level of relief when they’ve accrued more debt than they can afford to pay…
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What if I Can’t Afford to File for Bankruptcy?

Margaret, AL–If you’re a debtor in Alabama who is seeking bankruptcy protection, you may be required to pay a filing fee in order to initiate the process. The bankruptcy filing fee usually runs about $335 in Alabama, though it does depend…
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What is a Bankruptcy Petition?

Moody, AL–There are many steps involved in the bankruptcy process, including undergoing credit counseling and filling out certain forms. If you’re looking to file for bankruptcy in Alabama, you’ll need to fill out something called a bankruptcy…
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Do You Still Need to File Taxes if You Declare Bankruptcy?

The short answer is yes, you should still file your income tax return even if you’re considering filing for bankruptcy in Alabama or already have. Although bankruptcy may help you avoid litigation and alleviate you from having to satisfy some…
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Here’s What You Shouldn’t Do Before Filing for Bankruptcy in Alabama

Steele, AL–If you’ve fallen deep into debt and can’t seem to find a way out, bankruptcy may be a suitable solution to get you back on track. But there are a few things you should know before you begin the process, including how to prepare…
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Want to Avoid Holiday Debt? Consider These Tips

With the holidays just around the corner, many have begun getting a head start on their shopping. And that could mean accruing more debt. While the holidays are certainly a joyous time for most, they are also known for causing consumers to spend…
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Can I Get a Personal Loan After Bankruptcy?

If you’re worried that filing for bankruptcy will impact your chances of qualifying for a line of credit or personal loan, you should know that the opportunity may still be available to you. While bankruptcy will impact your credit score and…
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These Are the Top Reasons Why People File For Bankruptcy

Margaret, AL–A financial downfall can be caused by a number of different things–a severe illness, a divorce, or even a loss of income. These unfortunate events are known to be costly and interfere with a person’s ability to reach financial…
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Regal Cinemas Closes 12 Multiplexes Amid Chapter 11 Bankruptcy Filing

Ragland, AL–Cineworld, the parent company of Regal Cinemas, filed for Chapter 11 bankruptcy back at the beginning of September 2022 in an effort to reorganize. The company, which has been struggling to make ends meet even before the COVID-19…
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Is Regal Cinemas Headed for Bankruptcy?

Bankruptcy doesn’t always indicate that a company is going out of business. It can, however, signify that a company has accrued a substantial amount of debt and is seeking relief. Regal Cinemas has long served as a leading movie theater chain…