Chicago Cubs, Now the Dallas Stars file bankruptcy

Economy hit you hard?   Cities are filing for bankruptcy protection, big league sports teams file bankruptcy too.
The Dallas Stars have filed for chapter 11 bankruptcy protection in September, 2011. - in US Bankruptcy Court in Delaware, case # 11-12935.  They are working on a sale of the club to a Vancouver businessman.  There were no competing bidders, so the team is finalizing the sale for $265 million dollars.

Leeders & Associates -Chicago, IL Facebook page

I invite you to visit our Facebook page for Leeders and Associates.
Please follow the firm for useful tips, and insight into bankruptcy cases in Chicago.
Thanks for stopping by.   Here is a link to the facebook page.
http://www.facebook.com/pages/Leeders-Associates-Ltd/89033773748

Largest Municipal Bankruptcy Filing

In the case is In re Jefferson County, 11-05736-9, U.S. Bankruptcy Court, Northern District of Alabama,  Jefferson County, Alabama filed for Chapter 9 protection under the US Bankruptcy Code. This stemmed from the County not being able to refinance $3.1 Billion in sewer bonds.  This is the 12th filing of a Chapter 9 bankruptcy this year by municipalities.  Good luck to the county as the work through this troubling time.  As you may know, Jefferson County is where Birmingham, AL is located.   

Bankruptcy Filings are down

OCTOBER CONSUMER BANKRUPTCY FILINGS ARE DOWN NEARLY 20 PERCENT OVER LAST YEAR

Consumer bankruptcy filings totaled 106,255 nationwide last month, down almost 20 percent over last year according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC).  This is down about 2 percent from September as well.  Here is a link to the monthly filing charts Click here . The time is right to file to get a fresh start for the new year.  So if you are in Chicago, and are considering filing for bankruptcy, contact us now at 312-427-7400 or at www.leederslaw.com
We file chapter 7 cases to eliminate consumer debts, and we file chapter 13 cases to stop foreclosure and help families get back on track.   Contact attorney Terrance Leeders today for a free debt analysis and bankruptcy consultation.   Flexible office hours in various locations around the city and suburbs of Chicago.