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Chapter 11 Bankruptcy for Rental Property Owners

admin — Thu, 27 Oct 2011 21:09:03 +0000

Las Vegas Bankruptcy Attorney Aimee Pulley, Esq. explains how rental property owners who are upside down can avoid short sale and foreclosure by using the US Bankruptcy code to reduce their mortgage principle and monthly payments (like a loan modifiation). Rental properties which are currently underwater can become profiatable again.

Duration : 0:6:23

Technorati Tags: Aimee Pulley, Bankruptcy Law Centers, chapter 11 bankruptcy, Clark County NV, foreclosure, Henderson Law Centers, Henderson NV bankrtupcy lawyer, Las Vegas bankruptcy attorney, loan modification Las Vegas, nevada, property investors, Regina McConnell, short sale

Chapter 11 Bankruptcy Basics

admin — Tue, 04 Jan 2011 12:01:07 +0000

Las Vegas bankruptcy attorney Ryan Alexander discusses some of the basic principles and set up of a Chapter 11 bankruptcy for Nevada real estate investors.

Duration : 0:9:19

Technorati Tags: 11, Alexander, bancarrota, bankruptcy, chapter, firm, las, law, lawyer, nevada, reorganization, Ryan, vegas

Las Vegas Chapter 7 Bankruptcy Explained – PART 1

admin — Tue, 06 Jul 2010 17:00:10 +0000

Las Vegas attorney Ryan Alexander discusses some of the advantages of a Chapter 7 “liquidation” bankruptcy and how the bankruptcy process works generally.

Duration : 0:9:31

Technorati Tags: bankruptcy, bankruptcy lawyer, chapter 13, chapter 7, credit cards, debt, las vegas, nevada

Herbst Gaming filed for Chapter 11 U.S. bankruptcy Great place to stay

admin — Mon, 07 Dec 2009 00:11:11 +0000

Maybe this is why I got 2nd night free when I stayed a few days ago?
Herbst Gaming Inc., a casino operator, and certain subsidiaries filed for Chapter 11 U.S. bankruptcy protection today under a previously negotiated agreement with creditors.

The company will split its casino and slot machine businesses into two holding companies, Las Vegas-based Herbst said in a statement. The company plans to keep operating its 15 casinos during the reorganization, it said.

Consumers have been curbing spending in the recession, leaving casinos with falling sales and mounting debt loads. Herbst posted more than $100 million in losses in both 2007 and 2008.

The debt load was burdensome, Chief Executive Officer Troy Herbst said in the statement.

Earlier this month, the company said its reorganization will convert about $847 million under its credit facility into debt of the reorganized companies, as well as cancel about $330 million in bonds. The Herbst family will get a 90 percent stake in the slot machine business, after contributing a new gaming license.

The company, which has 5,400 employees, owns 12 casinos in Nevada, two in Missouri and one in Iowa. It has more than 6,800 gaming machines throughout the state of Nevada.

Monorail connecting whiskey petes to other casinos
A monorail is a rail-based transportation system based on a single rail, which acts as its sole support and its guideway. The term is also used variously to describe the beam of the system, or the vehicles traveling on such a beam or track. The term originates from the contraction of the words mono (single) and rail, from as early as 1897[1], as early systems used metal rails. The transportation system is often referred to as a railway[2]. In contrast, a light rail system has two rails sharing support of the train which also share the responsibility of guiding the train.
Buffalo Bill’s is a hotel and casino located in Primm, Nevada, near the California-Nevada stateline. It has 1,242 guest rooms and suites. The hotel is home to the Desperado roller coaster, one of the tallest (225 foot drop) and fastest (80 mph) roller coasters in the world, as well as a pool in the shape of a buffalo.

The 46,000-square-foot (4,300 m2) casino has over 1,700 slot machines, as well as table games, poker, and a race and sports book. Buffalo Bill’s Resort and Casino is owned by Primadonna Resorts.

Buffalo Bill’s is also home of the Star of the Desert Arena, a 6500 seat venue designed for concerts.

Duration : 0:1:57

Technorati Tags: 11, bankruptcy, casino, chapter, Gaming, Herbst, monorail, nevada, protection, U.S.