Will XM and Sirius have to file for bankruptcy in the next year or so?
209096
To the first poster, last time I checked Worldspace's financials were rather ugly.\n\nNow, to answer the question.  Yes, both will survive so long as they continue to spend their money wisely and continue to advance their technology.
109747
Only Sirius has Howard Stern !!!\n\nAs of January 4, 2006, XM claimed "over 6 million" subscribers, while Sirius claimed 3 million.\n\nOne critical factor for the success of satellite radio is the deployment of in-car receivers. Both Sirius and XM have attempted to convince carmakers to equip vehicles with their receiver. As of 2005, the following manufacturers offer satellite radio as original equipment:\n\nProvider:\nBMW...................SIRIUS\nMINI..................SIRIUS\nRolls-Royce Chrysler..SIRIUS\nDodge.................SIRIUS\nMercedes-Benz.........SIRIUS\nJeep Ford.............SIRIUS\nLincoln...............SIRIUS\nMercury...............SIRIUS\nVolvo.................SIRIUS\nLand Rover............SIRIUS\nJaguar................SIRIUS\nMazda GM..............SIRIUS\nCadillac..............XM\nChevrolet.............XM\nBuick.................XM\nPontiac...............XM\nGMC...................XM\nSaab Honda............XM\nAcura Hyundai.........XM\nNissan................Both\nPorsche Toyota........Both\nLexus.................Both\nScion VW..............Both\nAudi Suzuki ..........Both\n\n\n\nOne of the challenges for satellite radio has been to move away from cars and into the homes of consumers. Several portable satellite radio receivers have been made for this purpose. XM satellite radio has developed the XM2go™ line of "walkman-like" portable receivers, such as the Delphi MyFi™, the Pioneer AirWare™ and Giant International's Tao™. Sirius has developed the Kenwood Portable Satellite Radio Tuner, Here2Anywhere and the Sirius S50 (although neither is a true portable in comparison to XM's XM2go: Here2Anywhere is a plug-and-play receiver, and the S50 must download programming from a home or car docking kit and cannot receive live programming on its own). While key agreements with car manufacturers are still being made, both companies have made the leap away from satellite radio only in the car and into the homes of consumers
633123
Don't worry.  Err America will lose their NY mother station in August.  George Soros can't afford to dump millions into this sinking ship for much longer.
218131
i believe there will be a class action suit in the near future.  keep watching the news in all forms, meaning newspapers, television, radio and internet, and the powers that be will alert the public when the class action suit will be filed.  they will also direct you how to be part of it if you can verify your use of their product and that it produced a negative effect for you.
639398
Not any more , they are all in bed with large Corporations . Let's see how fast can we change the laws to suite them . Don't step on Corp toes , they might not fund our reelection !!!!!!!
329162
I've got Sirius and love Howard. I just went online to see if they have the listen-on-line set up yet.\nThe answer is NO.\nI emailed them around 5 weeks ago asking when it would be available and I was told that they are working on it and it could be available anytime. That was 5 weeks ago so who knows what the hang up is?\nSo far it's car or home unit only? Go get it, it's worth it.
318715
I want to know how creditors let then end up in debt again, come one, you couldnt handle it the first time, what makes this time different.\n\nAlso, yes, all the people ive known who have filed bankruptcy are in debt yet again and cant handle it.
573246
Absolutely yes!\nWith all of the "special financing" that was done in this last boom, (interest only, negative am's, ARM's, 80/20's).  They all work if you are in and out quick, few years max, or in a boom market when everything is going up 20-30% a year.  When prices quit going up and are coming down, and interest is on the rise and people barely made the payment when the interest was low. LOOK OUT BELOW!!  \nThere is going to be a crash similar to the one in the early nineties, just wait and see.
243682
I am going to add on to what the other people have said before.  to answer your question, yes, they are both considered bankruptcy.  Chapter 7 is the best option if you have low income, would not be able to pay back some of the debt in a payment plan, and you don't own more than 2 vehicles, one house or a lot of high priced items.  You also have to pay the attorney and court fees up front.  When I checked two years ago, the fees were around 800 dollars in my state.  With the new BK laws, if you can afford a payment plan, then you can not file Chapter7.  And you must meet with a credit counselor before you file either 7 or 13.  with 7, once the plan is approved and discharged you are done with the proceedings. It will remain on your credit report for 7 years after discharge.  \n\nWith Chapter 13, you can put the attorney and court fees into the plan.  I had to pay 500 dollars up front and the remainder 1200 was put into the plan.  You will set up a budget of your expenses and ask the court to approve that budget.  the budget I completed had money set aside in it for entertainment, cable, cell phone, internet service, pet expenses and etc.  It was actually very generous and was approved without a problem.  I was even allowed to include estimated costs of fixing my car and house repairs in it.  And I did not have to provide much proof.  However, it is against the law to lie on the forms.  From what I understand, the courts want you to be able pay back at least 100 dollars a month.  The courts don't make you liquidate your savings and bank account under 13, like they would in 7, but they will take that information into consideration when setting up your payment schedule.  However, if you own a lot of high dollar personal property and have loans on them, they may request you give one of the items up before proceeding.  An example is I was waiting in the trustee area and overheard the trustee telling someone that they had to give up one of their vehicles.  The couple owned two cars and a motorcycle.  They had loans on all three and the trustee would not allow them to include payments for all three in their BK repayment plan.  Neither plan will take money from your retirement accounts, from what I understand.  Federal law allows exemptions of your house, up to a certain amount.  13 is not completed until all plan payments have been made.  However, during Chapter 13, you are protected from lawsuits and such during the repayment time.  Your BK will not be discharged until all plan payments have been made.  It will remain on your credit report for 7 years after discharge.  See the links below for more information.
29865
Hello, I would like to answer your question...\nI know the laws have changed recently and it is harder to go through bankruptcy now than last year...\nYou must be overly in debt and cant possibly pay your way out...\nI had to do that because I lost my long time job when I became disabled and had no way to pay back my creditors...\nI do have a web link you can view all your questions and answers on...\nI hope you will read it over before you take action...\nIt has gotten harder and more expensive to declare bankruptcy now...\nI wish you well...\nhttp://www.fulwilerlaw.com/content/austin-bankruptcy-lawyer.php
607233
No.\n\nDelta is in Chapter 11 bankruptcy.\n\nIt's stock is currently trading on the bulleting board or pink sheets.  When Delta emerges from bankruptcy (I don't know the schedule for the proceedings, but it could be several years based on the United and US Air experiences), the existing stock will be cancelled (made worthless) and equity (stock) in the reorganized company will be largely owned by the current creditors.\n\nIn other words, nothing the company does now will have a meaningful impact on the value of the current stock, although the current stock price will fluctuate (largely as a result of speculative trading activities).
117839
I don't think that companies that are considering bankruptcy are posting this info on the web. I believe bankruptcy court might be your best bet but hey thats just a guess.
438731
lol...not really..i dont think they will do an exception...
444660
nope cause the competitors also will use IT but not doing so spells disaster\n\nthe problem is deciding HOW MUCH to invest and where the company that gets the formula correct will be ahead in five years ( if the rest of the business model is correct )
77391
Here's my b!tch about this whole thing: just like how cable television was originally billed, satellite radio was supposed to be a haven from gobs of commercials, but we see where that has gone.  I see a similar future for satellite radio.  And once it enters mainstream, the nanny-government won't be far behind...with their hands out demanding pennance.
5704
neither will :)\n\nwait till 2010 - expect newer and more powerful entities compared to the current ones mentioned by you!
62693
The best course of action would be to contact an attorney. Never accept answer on such an important future impacting question from a place like this! However that being said, go here\n\nhttp://www.co.beaufort.sc.us/Auditor/Homestead.asp\n\nand here\n\nhttp://www.bankruptcyaction.com/scexemptions.htm