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Tag Archive | "debt"

KB Toys Bankrupcty Filing the Second in Two Years

Friday, December 12, 2008

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The latest company to take a hit from the economy is KB Toys. KB Toys filed for bankruptcy for the second time in four years. The 80-year old company based in Pittsfield, Massachusetts, operates 460 stores including several in Arizona and reported total debt between $100 million and $500 million, with total assets in the [...]

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Metropolitan Phoenix Ranks No. 1 in House Price Drop

Thursday, October 30, 2008

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All cities are being hit with the plummeting of their housing market. Now metropolitan Phoenix is in the forefront of the list of cities which is according to the S&P/Case-Shiller Home Price Index. From August of last year to this year, the homes in the Valley dropped in price at about 30%. This drop in [...]

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Seniors are Filing Bankruptcy More Often

Monday, October 13, 2008

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Even at age 80, some may feel bankruptcy is the only answer. Ada Noda found she was no longer was able to work as bills continued to grow. Statistics are showing that Bankrupty filing by those under 55 has decreased. But senior bankruptcy filing is on the rise.

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