Massachusetts Bankruptcy Center

09/13/2022

The developer behind a 2,000-home project in Smithfield has filed for bankruptcy, putting the project in limbo amid what's described as a "horrible situation."

02/16/2022

People are holding out from filing Bankruptcy, but, at some point that is the only way to obtain a fresh start.

For much of the pandemic, government aid helped lower the number of personal bankruptcies dramatically. With those measures ending, close observers say a sharp increase is likely.

04/25/2021

The 'Last Week Tonight' hosted pointed out that Elizabeth Warren and Joe Biden were once on opposite sides of the bankruptcy debate.

11/19/2020

We knew it was only a matter of time before the airlines started filing for protection under the Bankruptcy Laws

The trans-Atlantic carrier pioneered the Europe-U.S. budget market, racking up debt—then the pandemic struck.

10/26/2020

One has to question, whether even a Chapter 11 case can rescue the movie theaters as more and more people order movies in the comfort of their own home at their convenience whether movies theaters are a dying business in this day of technology and its innovations.

As AMC inches closer to bankruptcy, it is clear that a lack of vision, not COVID-19, will be responsible for its fall. Chapter 11 may help it recover, but it's the entertainment giants and consumers who could ultimately win BIG.

09/24/2020

You will see more restaurants filing for Bankruptcy as consumers are still afraid to eat in public with COVID still looming

The coronavirus pandemic pushed the company to file for bankruptcy as they had to temporarily close their dining rooms

07/15/2020

Covid 19 and the economy are hurting more and more stores.

WORCESTER – The Paper Store, which operates a Leominster warehouse employing up to 200 people to serve 86 stores throughout the Northeast, filed for

07/08/2020

There will be more larger retailers to fold as the financial impact of the Coronavirus continues to wreck Havoc on our Community

The retailer, which has dressed all but four U.S. presidents, will close 51 U.S. stores as it looks for a buyer.

04/09/2020

https://www.hollywoodreporter.com/news/amc-theatres-bankruptcy-appears-analyst-says-1289514
With changes in the industry, online streaming more people are enjoying new movies in their homes with on demand.

MKM Partners' Eric Handler downgrades the stock to a "sell," estimating its "cash burn rate in a no-revenue environment is running at $155 million per month, which likely keeps AMC liquid until June/July."

01/02/2020

What a Year 2019 was for Bankruptcy Cases, a lot of retail cases.

It was another rough year for retail considering bankruptcies that have shaken out in 2019; Forever 21, Barneys New York, Charlotte Russe and Fred's, among them.

08/23/2019

Excellent news for Farmers, Veterans, National Guard/Reservists and Small Businesses

As reported by the American Bankruptcy Institute:

H.R. 2336, "Family Farmer Relief Act of 2019," increases the debt limit used to determine whether a family farmer is eligible for relief under chapter 12 of the Bankruptcy Code;

H.R. 2938,"Honoring American Veterans in Extreme Need Act of 2019" (HAVEN Act) excludes from the calculation of monthly income, for purposes of the Bankruptcy Code's means test, certain benefits paid by the Department of Veterans Affairs and the Department of Defense;

H.R. 3304, "National Guard and Reservists Debt Relief Extension Act of 2019," which extends for 4 years, through December 18, 2023, the exemption from certain bankruptcy means-testing for members of the National Guard and reservists of the Armed Forces

H.R. 3311, the "Small Business Reorganization Act of 2019," which establishes a subchapter within chapter 11 of the Bankruptcy Code under which small business debtors can reorganize using more simplified and expedited procedures.