American Airlines plans on shutting down call centers based in Arizona as part of its bankruptcy restructuring. The airfare company plans on cutting over 14,000 jobs overall nationwide.

Its Tuscon reservation center employs more than 1,400 people. Many of them will be able to begin working from home or from other offices. The company filed for Chapter 11 bankruptcy last Fall.

It is now working out ways to void its union contracts in order to begin new ones. The company hopes to cut $1.25 billion in labor spending over the course of its bankruptcy.

If you are feeling overwhelmed by your debts, contact an Arizona bankruptcy attorney from the Harmon Law Office at 480-829-0494 to begin the process of overcoming your them. 

Another meat processing company has filed for bankruptcy due to the "pink slime" controversy that has been popularized by the media. This controversy came to light when the texture and color of a processed meat filler was revealed to the public. People were upset by the appeal of the substance, and were not interested in consuming meat that contained it. 

As a result of the negative outlook, meat processing companies were told they had to remove the filler from their products. AFA Foods, Inc. only dealt with ground beef, and their ability to remove it from their products was not successful. They claim that this controversy was the reasoning for seeking bankruptcy protection. On Monday afternoon in Delaware they filed the necessary paperwork to gain protection.

The company's 2011 revenue totaled $958 million, and yet their assets were listed at $219.6 million. Their liabilities were comparable to their assets at $197.3 million.

If your company is considering Chapter 11 bankruptcy protection, please contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office, LLC by calling 480-829-0494 today. 

The former quarterback for the Atlanta Falcons, Michael Vick, is close to emerging from bankruptcy after filing for Chapter 11 in July 2008.

After filing, Vick claimed more than $20 million in debt and has now stated that he is only $400,000 away from getting out of it. According to court documents, Vick had 45 different claims against him and the largest claim was just under $7 million.

Since then he has signed a $100 million deal with Philadelphia and is turning around his finances. Vick was previously in jail after being found guilty dog fighting. He was released in June 2009. 

If you or a loved one has  been struggling with debt, you need representation on your side at this time. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office by caling 480-829-0494 today.

A Scottsdale businessman, who owns 54 Arby's restaurant locations in Arizona and one in New Mexico, is the leader of three limited-liability companies that have now filed petitions seeking bankruptcy protection.

The decision to file for bankruptcy comes from the down economy and nearly 42 of the restaraunts are in the Pheonix area and the rest are throughout the state. 

The bankruptcy filing will allow the owners to decide what can be done to save the stores or close the ones that are not making any profit.

If your business is seeking bankruptcy protection as an option to releive your debt, you need representation on your side that can help you through this difficult time. Contact the Arizona chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494 today.

Southern Montana Electric Generation and Transmission Cooperative filed for bankruptcy last week in Butte, Montana. The company, made up of five cooperatives, supplies power to about 65,000 residents in Montana.

According to reports, the 20 largest creditors are owed a total of $19.5 million and the largest claim is $7.6 million. The company listed assets and debts amounting between $100 million to $500 million. The bankruptcy filing allegedly came after a board meeting occurred and multiple board members walked out of the meeting because of a disagreement. The attorney who filed the petition has not yet responded to questions on the claim.

If you or a loved has been considering filing for bankruptcy, you need experienced representation on your side during this stressful time. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office by calling 480-829-0494 today. 

The parent company to Casa Bonita has filed for Chapter 11 bankruptcy protection.

Star Buffet Inc. is a Scottsdale, Ariz.-based company that filed for bankruptcy on Sept. 28. The decision to file for bankruptcy came after the company decided that they would be unable to pay a $723,489.02 judgement that was placed on the company.

Although the company is profitable, they have been unable to refinance certain mortgages until January 2012. Casa Bonita is a family-style eating restaurant that opened in 1974. Star Buffet currently owns and operates 31 restaurants and subsidaries.

If you or a loved one has been considering bankruptcy, you need experienced representation to explain all of your options. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494.