Connecticut May Still Have Twinkies: Chapter 7 Stalls For Hostess
On behalf of Law Offices of Mark M. Kratter, LLC on November 28, 2012
A sigh of relief has gone through Connecticut and Twinkie lovers across the nation, however short-lived it may be. A judge noticed Hostess and its second largest union had not gone through private mediation before the company's Chapter 7 bankruptcy filing. The two will now take the step of mediating soon, but if they cannot come to an agreement liquidation will resume. The company had been struggling for several years and the Chapter 7 is its second bankruptcy attempt in less than 10 years.
Connecticut Consumer Bankruptcy: Debts Can Quickly Overwhelm
On behalf of Law Offices of Mark M. Kratter, LLC on November 19, 2012
Connecticut fans of "CSI" may be familiar with Gary Dourdan, one of the actors on the television show. He is making headlines for a different reason this time and is reportedly seeking a consumer bankruptcy. Documents in the case show the actor has about $1.8 million in assets, but owes $1.73 million. A major part of his debt is owed to banks.
