Long Island, N.Y.-based seller of vitamins and nutritional supplements, Vitamin World plans to file Chapter 11 bankruptcy this month with the hope of getting out of what they say are expensive leases for their stores. The vitamin and nutrition supplement seller has 345 stores around the country. Madden told Newsday the company is filing bankruptcy,…
Continue reading ›Former starting pitcher Livan Hernandez, who won the 1997 World Series MVP in his rookie year with the Miami Marlins filed for bankruptcy last month. According to the Miami Herald, the 42 year-old Hernandez and one time New York Met made approximately $53 million over 17 seasons in the league. Now owes roughly $1 million…
Continue reading ›As if times are not tough enough for bankrupt debtors, The US Bankruptcy Court just announced a cross the board increase in filing fees, effective December 1, 2016. The latest, revised rates for filing a Chapter 7 Bankruptcy are $335. Similarly, the filing rates for Chapter 9 and a Chapter 11 Bankruptcy also increased to…
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