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According to the Star-Telegram, the small business credit card lender Advanta Corp. has filed for Chapter 11 bankruptcy protection.  The bankruptcy filing comes five months after the company announced that it was shutting down its credit card lending business in an effort to preserve cash as its loan losses increased. The article said: “[Advanta Corp.] said it [...] Related posts:

1. FairPoint Communications Files Chapter 11 Bankruptcy
2. Charter Files Chapter 11 Bankruptcy
3. True Temper Sports Files Chapter 11 Bankruptcy

This entry was posted on Monday, November 16th, 2009 at 10:53 am and is filed under Legal Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.