A major dilemma faces the government and the banking industry with respect to the $1.2 trillion in student loan debt that has riddled the country in the past several years. President Obama proposed that bankruptcy be brought back to allow for student debt forgiveness,...
Month: June 2015
Restaurant chains can get reorganized through Chapter 11
Chapter 11 rehabilitation for restaurants and fast food operations is no stranger to Pennsylvania bankruptcy attorneys. As with any other business, a restaurant or small chain of eateries may encounter cash flow problems and get behind on debt obligations. That...
Coal mining operation files Chapter 11, names stalking horse
The 12th largest coal producer in 2013 was Patriot Coal Corp., a company that recently filed a Chapter 11 bankruptcy for the second time in three years. This time Patriot intends to sell the majority of its assets, keeping only some mining operations. It has announced...