… that operate in industries that still harbor animosity towards bankruptcy. Also, many casinos are struggling financially due to the recession with very high debt loads. Those casinos will be hard pressed to compete against a company like Tropicana who has used bankruptcy to reduce debt and increase profits.
Tags: Casinos Chapter 11 Bankruptcy Reorganization Tropicana Entertainment
… court to shield assets and escape the $767 million in debts he has amassed to scores of banks, casinos and other creditors around the country. Those creditors would then be free to fight for his $18.5 million in assets.
The once-flamboyant Hecker could lose all his assets and more — he would be on the hook with each creditor until he either pays what he owes or works out a settlement….
Bankruptcy fraud allegations include:
Using a corporation to hide his assets. …
I am a homegrown Texas Attorney certified in Consumer Bankruptcy by the Texas Board of Legal Specialization. I was born in Jacksboro, Texas and raised in Abilene.
Now, I am a proud resident of Dallas/Fort Worth. Although my first name is Weldon, I go by “Reed” (my middle name). I have been an attorney for over 9 years and my firm has helped thousands of people with foreclosure or other financial-related issues.
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