Maryland’s racing industry will lose another player July 1, as Rosecroft Raceway closes its gates for good, idling about 240 employees. The 60-year-old Fort Washington harness track has struggled to find a new owner for several years. Its current owner, Cloverleaf Enterprises, filed for Chapter 11 bankruptcy protection in June 2009. After a U.S. Bankruptcy [...]
Regardless of what you could have heard, bankruptcy has not been eliminated by the central government. It has however, become harder to file successfully due to all the new rules that were laid down in the bankruptcy reform law in 2005. Is the new bankruptcy law good for consumers? Well, that relies on who you [...]
I filed chapter 7 in 2004. I went through all my court papers recently and noticed something interesting. On my court petitions and discharge, my name was printed in Capitis Minima, The debt that I claimed through bankrupsy was 90% contracts via Capitis Maxima. Does this mean that a % of debt was never discharged, [...]