The U.S Bankruptcy Court for one of the Northern Districts of Ohio has reported a decrease in bankruptcy filings in 2010 as compared to 2009. According to the American Bankruptcy Institute, the national average of bankruptcy filings rose by 9 percent and the courts in Youngstown reported a decrease of three percent. In 2009, the [...]

Kaufman's in Wheeling filed for Chapter 7 bankruptcy last month. According to court documents, Kaufman's Inc. listed $352,716.80 as assets and $883,231.67 in bankruptcy petition. The inventory that was listed in the petition includes 331 wedding dresses and 1,503 formal dresses. In Chapter 7 bankruptcy, a bankruptcy trustee sells the non exempt products of the [...]