A large power company called Energy Future Holdings has filed for bankruptcy. The business bankruptcy filing comes seven years after the energy company went through a leveraged buyout, which left it laden with debt. The buyout happened before the natural gas boom in the United States resulted in a large-scale reduction of electricity prices. These shifting economic forces affected business operations across New Jersey and the rest of the nation.
Going to college can feel like a rite of passage into a better-quality life for a person in New Jersey. However, many recent college graduates have not experienced the benefits of their degrees, as they are struggling to find work while simultaneously paying back their student debt in New Jersey. Individuals who face student loan debt and other types of extensive debt may find some relief through the legal avenue of personal bankruptcy.
Many New Jersey residents have heard of the Heartbleed Virus and the need to change their passwords, but they might not realize what it is all about, how it works and why it is so dangerous. The fact is, the Heartbleed Virus could be putting many individuals' credit cards at risk of being hacked by thieves. For those who are struggling with credit issues, and perhaps even contemplating personal bankruptcy, the last thing one needs is an extra charge on a credit card that one might be having a hard time paying off.
New Jersey residents who are struggling to pay their bills while making modest salaries may be surprised every time they hear that a TV or movie star is experiencing debt troubles. The fact is, however, that anyone can find themselves in a debt bind that requires bankruptcy to resolve. That said, one TV star couple's recent experience highlights the fact that personal bankruptcy is a serious matter that must be handled honestly and appropriately.
Business bankruptcy proceedings can be utilized by New Jersey companies to get back on sound financial footing following difficult financial times. In fact, one well-known corporation, Brookstone, has announced that it is trying to do just that after filing for Chapter 11. The company, which most New Jersey shoppers know after visiting malls and airports throughout the nation, is currently trying to sell itself to Spencer Spirit Holdings for $147 million.