Residents of Charlestown, Indiana Fighting Home-Seizure by City

Charlestown residents fight for their homes while the city mayor and other government officials weigh a plan for demolishment to pave way for development of new city projects. What defense do homeowners and other residents have at their disposal? Could bankruptcy stop this property seizure? City officials do not think so.

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Tribune Co. to Exit Bankruptcy Protection after 4 Years

Tribune Co., which owns Chicago Tribune, the Los Angeles Times and several other media facets, is set to emerge from the Chapter 11 bankruptcy they filed over four years ago. The media giant went through an extensive debt restructuring and reports new ownership under a slew of high-rolling shareholders.

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Video Game Developer THQ Files Bankruptcy

Video game publishing company THQ, may be filing for Chapter 11 bankruptcy but they don’t see it as a bad thing. The developer responsible for games like Homefront, Saints Row and the upcoming South Park: The Stick of Truth, is viewing their filing as a fresh financial start, according to this week’s press release.

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Singer Toni Braxton Accused of Bankruptcy Fraud

It may seem that celebrities have more than enough money to get by, but even movie stars and famous singers file for consumer bankruptcy; and sometimes they even get in trouble with the law in the process. GrammyAward-winning singer Toni Braxton is facing accusations of defrauding the bankruptcy court by transferring over $53,000 to her estranged husband to avoid paying her bankruptcy creditors. ӬӬ

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