Baseball bankruptcy Archives - Chicago Bankruptcy Lawyer LEEDERS LAW Tue, 21 Nov 2023 20:26:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://leederslaw.com/wp-content/uploads/2022/03/cropped-cropped-cropped-Leeders-Law-Logo-e1677182027648-1-32x32.png Baseball bankruptcy Archives - Chicago Bankruptcy Lawyer 32 32 B is for Baseball Bankruptcy https://leederslaw.com/b-is-for-baseball-bankruptcy Fri, 22 Jun 2012 15:10:00 +0000 http://leederslaw.com/b-is-for-baseball-bankruptcy Yes, in fact major league baseball teams have filed for bankruptcy.   Now, keep in mind, they filed under Chapter 11, a reorganization, you will not be able to take home some rare memorabilia from a fire sale. In fact, …

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Yes, in fact major league baseball teams have filed for bankruptcy.   Now, keep in mind, they filed under Chapter 11, a reorganization, you will not be able to take home some rare memorabilia from a fire sale.

In fact, The Chicago Cubs, Los Angeles Dodgers, Texas Rangers are among the most recent bankruptcy filers.   Often, it is a way to restructure long term stadium deals, ownership changes, and even as part of a divorce…I’m looking at you LA.

So take it to heart, bankruptcy can be a great tool to help you achieve your long term goals.  Don’t let negative connotations get you sidetracked on your way to financial freedom if you are considering bankruptcy case.   Get the facts from competent legal counsel. Read more about chicago bankruptcy here.

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