The North Carolina Bankruptcy Information Blog

How can you be certain that considering bankruptcy is the right course of action for you? Are you concerned that you might still be able to work your way out of your cycle of borrowing, paying interest-only on loans, and then borrowing again? Ask yourself if you’ve experienced some of the following situations to help you determine whether there is a problem you need to address.

High Interest Loans:

Are you taking short term, high interest loans to try to give you enough cash to pay the minimum on other loans? Once you’ve maxed out your existing sources of credit, are the new ones you’re trying to get coming at a higher and higher interest rate?…

After countless delays, a partner-driven lawsuit for mis-management and even a number of worker deaths, Las Vegas’ City Center will not have to file for bankruptcy protection.

The enormous mixed-use construction project, consisting of thousands of hotel rooms, two casinos, countless retail outlets and high-rise condominium towers, was facing severe financial sanctions after partners MGM Mirage and Dubai World came to odds over the handling of its ongoing development, leading to a number of sizable financial setbacks. When finished, City Center will be larger than many of America’s small cities. All told, it will cost $8.5 billion.

Dubai World threatened to cease all additional payments for the project as part of a lawsuit against MGM Mirage, a move that would have certainly forced MGM to file bankruptcy for protection against the onslaught of additional debt holders .…

After countless delays, a partner-driven lawsuit for mis-management and even a number of worker deaths, Las Vegas’ City Center will not have to file for bankruptcy protection.

The enormous mixed-use construction project, consisting of thousands of hotel rooms, two casinos, countless retail outlets and high-rise condominium towers, was facing severe financial sanctions after partners MGM Mirage and Dubai World came to odds over the handling of its ongoing development, leading to a number of sizable financial setbacks. When finished, City Center will be larger than many of America’s small cities. All told, it will cost $8.5 billion.

Dubai World threatened to cease all additional payments for the project as part of a lawsuit against MGM Mirage, a move that would have certainly forced MGM to file bankruptcy for protection against the onslaught of additional debt holders.…

There is no shortage of excess in Las Vegas. Quite literally, the entire city is built on money.

For most tourists, the mammoth gambling compounds are more appealing for their sheer physical magnitude than the lure of potential fortune they so overtly represent. Even those who visit from our nation’s largest cities marvel at the architectural scope of the Sin City strip. However, it appears that even the world’s most popular party city can be impacted by a recession, as real estate insiders to the most monumental building project the desert has ever seen are beginning to consider the protective benefits of bankruptcy.…