Bankruptcy News

Source: site A homestead exemption is a law that protects a certain amount of equity in an individual’s primary residence from the claims of his or her creditors or, in some states like Florida, the amount of the exemption is unlimited…

Source: site   Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy, weighed down by a heavy debt load, disruptions to its supply chain network and surging costs NEW YORK — Revlon, the 90-year-old multinational beauty company, has…

Source: site Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the…

Source: site Panthers owner David Tepper, the league’s wealthiest owner, has filed Chapter 11 bankruptcy through his company, GT Real Estate Holdings LLC, according to a report from Joseph Person and Daniel Kaplan of The Athletic. Per the report, Tepper’s real estate…

Source: site National Australia Bank has invited its customers to pre-register for the forthcoming launch of a new Buy Now, Pay Later offering named ‘NAB Now Pay Later’. Under the scheme, NAB customers will be able to access up to USD 1,000,…

Source: site ORLANDO, Fla. – Come July 1, 2022, paid medical collection debt won’t be used for credit scores and unpaid medical debt won’t appear for a full year, according to the three main credit reporting agencies (NCRAs) – Equifax, Experian and…

Source: site The odds of a U.S. recession within the next year are steadily rising. The probability of a recession over the next 12 months is now 30%, the highest since 2020, according to the latest Bloomberg monthly survey of economists.…

Source: site San Francisco CNN Business — Americans are racking up debt at record rates. Consumer debt levels for March 2022 climbed by $52.4 billion, an annual increase of 14%, seasonally adjusted, according to Federal Reserve data released Friday. Revolving credit, which…

Source: site NEWYou can now listen to Fox News articles! Tennis legend Boris Becker was sentenced to more than two years in prison over bankruptcy offenses on Friday. Earlier this month, Becker was found guilty of illicitly moving hundreds of thousands…

Source: site A lawsuit from a USAA Bank member in California claims the insurer profited off “excessive premiums” during the COVID-19 pandemic. Here’s what you need to know. USAA member Philip Johnson filed a class-action lawsuit last week in Southern California…