October 12, 2009
In this month's always fascinating Central District Bankruptcy News, we find out:
1. Fatburger, IndyMac Bank, and Lenny Dykstra have recently joined the Realm of the Financially Undead;
2. Bankruptcy has gone up 70% in the LA Area over the first eight months of last year; Chapter 13's, the favored avenue of homeowners threatened with foreclosure, is up 56%. Nationally, the number of Chapter 11 filings has nearly doubled over the same totals from last year; and
3. The Courts are closed on Columbus Day. Is that still a holiday?