SENSE AND CENTSIBILITY Am I Too Broke to File Bankruptcy?
As a bankruptcy counselor, I often speak with clients who are knee-deep in debt, and running in crisis mode. They are considering filing bankruptcy, but are frustrated at the cost to retain an attorne... Posted on 5/3/13 at 11:01 AM
LANE — A Jerauld County village has lost its grain elevator.
Swenson Bros. Grain is in the process of filing bankruptcy. After a meeting with creditors on Tuesday, the company will likely decide to file a Chapter 7 bankruptcy, which will liquidate assets and permanently close the business, said Bruce Gering of the U.S. Trustee’s Office in Sioux Falls.
WASHINGTON (AP) — Top executives from General Motors and Chrysler face tough questions from lawmakers about sweeping plans to close hundreds of car dealerships as the auto companies undergo government-led bankruptcies.
WASHINGTON — General Motors, the humbled auto giant that has been part of American life for more than 100 years, will file for bankruptcy protection today in a deal that will give taxpayers a 60 percent ownership stake and expand the government’s reach into big business.
It would be the largest industrial bankruptcy in U.S. history, and the fourthlargest overall. In addition, a GM bankruptcy would be unprecedented as the federal government would pump billions more into the company.
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