Bankruptcy Chapters

A few months back, I wrote an article about how glaring flaws in Lufthansa’s rewards program were causing me to question my long-time relationship with the Star Alliance member. With these doubts in mind, the 100,000 initial bonus miles being offered at the time by the British Airways Credit Card proved too much to resist. What’s the worst that could come of shifting my airline loyalty program allegiances and opening the British Airways Card, I thought? Sure, BA’s network of partner airlines doesn’t even come close to matching Star Alliance’s, but shouldnt that result in the company compensating via better rewards, customer service, etc.?

Apparently not, as my experience thus far with the British Airways rewards program has made Star Alliance look terrific by comparison. While BA’s problems are numerous, they can be separated into two primary categories: effectively worthless rewards and unprecedentedly bad customer service.

RewardsWhile British Airways can offer you the moon in terms of miles (aka Avios points) thanks to a generous credit card offer, the problem comes when trying to use them. Redeeming BA

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The company that owns Spanish Peaks, a private golf and ski resort, has filed for Chapter 7 bankruptcy on Friday.

Spanish Peaks Holdings II filed in a Delaware court just days after announced that the ski resort will be closing and its employees were to be laid off. Spanish Peaks has had multiple legal issues and financial trouble in the past.

According to the bankruptcy filing, the company has between 100 and 199 different creditors, many of them are local businesses. Chapter 7 bankruptcy often prevents creditors from suing  you, garnishing wages and demanding payment through phone calls. The company has between $1 million and $5 million in liabilities.

Tags: Bankruptcy, Spanish Peaks

Co-op Bank has wonthe race to buy 632 Lloyds branches, complete with of millions of new customers.

All thats left is ironing out the terms of the deal after the banks entered exclusive negotiations today.

A strong Co-op is no bad thing for banking in Britain. The mutual does not buy into the bonus culture that dominates our big five banking powerhouses and has a refreshing ethical stance that permeates through its business.

Perhaps more importantly for the 5.5million Lloyds TSB, Cheltenham & Gloucester and Intelligence Finance customers likely to be switched to the Co-op, it boasts a cracking reputation on customer service.

Earlier this month, “Troubleshooter” Tom Martino filed for Chapter 7 bankruptcy.  Martino hosts television and radio shows on consumer-advocacy based in Denver, Colorado.

Martino says that all of his debt is related to commercial real estate projects and that he has zero consumer debt.  The majority of the 47 creditors listed in the bankruptcy were banks that Martino had real estate loans from and had failed.

The Chapter 7 bankruptcy filing lists $78.6 million in debt and $1.37 million in assets.  Martino said, in regards to the filing, “There are so many people in this same boat.  You’ve got millions of dollars in lost value and all of a sudden you can’t refinance your loans and you are just upside down.”

To learn more about the Chapter 7 bankruptcy process, contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Law, LLC at 205-324-4000 today.

Tags: Bankruptcy, Files Ch

Still a bit stumped about finding the perfect gift ?  Here are some suggestions to get you inspired and keep you from spending yourself silly :

Wal-Mart

Has great online specials and you can get free shipping if you spend a minimum amount of $45.00 :

• Ematic $GB Built-in Flash MP3 Video Player with 1.5” screen, various color choices for $27.00
• Nintendo DS Video Game Bundle 2 for $30.00, selected choices
• HP DeskJet 1051 All-in-one Printer and USB Printer cable for $29.00
• “Harry Potter and the Deathly Hallows: Part II” DVD   $14.96
• “The Help” DVD for $16.96
• Personalized Street Sign $16.72
• Sylvania 8GB MP3 Player with Camera and FM Tuner $39.98
• 1 Gallon Aqua Culture Betta Fish Globe Bowl Aquarium with multi colored LED $11.97

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ALDI

You still have the chance to pick up on inexpensive baking essentials at Aldi:

• Stainless Steel Baking Utensils are $2.29 each,
• Baking or Butter Cooking Stray $1.29
• Andes Crème De Menthe Baking Chips $2.29
• Mini Christmas Tree $7.99
• On Wednesday, Dec. 7^th

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