Any negative listing can be removed from a credit report if it is erroneous, questionable and disputable. However, negative items such as bankruptcy and unpaid debts are more difficult to remove from the credit report. This is primarily due to the operational systems of the credit bureaus rather than with the severity of the bad credit item such as bankruptcy or unpaid debt. For example, judgments and tax liens are also severely negative listings yet have been considerably easier to remove. Credit repair is a good option.
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(AP) Dura Automotive Systems is asking for more time to put together a restructuring plan of its own. The Rochester Hills-based company says it wants to avoid interference from those with their own ideas for getting the company out of bankruptcy.
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The International Association of Machinists and Aerospace Workers (IAM) today filed a federal lawsuit challenging US Airways’ use of bankruptcy court to avoid an arbitration case stemming from a Machinists Union grievance. US Airways last week filed a complaint in bankruptcy court asking a bankruptcy judge to block a grievance arbitration scheduled to begin today, prompting the IAM’s suit.
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LISBON — The on-again, off-again foreclosure sale of the Lisbon Inn and Saratoga Restaurant is off again, this time because the owners filed bankruptcy.
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