In the average personal bankruptcy case, the only people who even know about it are the debtor and the creditors. Chapter 13 and Chapter 7 bankruptcy cases filed by individuals tend to go unseen. Many people worry about "everyone" finding out that they have filed for bankruptcy, but in reality, why would anyone know unless they were one of the creditors?

The bankruptcy filing by the L.A. Dodgers Major League Baseball club has been a non-typical bankruptcy for many reasons. It is interesting to examine, if only to marvel at how different it is than the typical personal bankruptcy. When it comes to baseball, everyone knows, wants to know, and has an opinion about the bankruptcy. In fact, Dodgers season ticket holders recently tried to intervene in the team's bankruptcy case.

Cincinnati bankruptcy attorneys following news reports of the Dodgers' bankruptcy case noted that the season ticket holders tried to get involved in order to make sure the team would be properly managed during and after the bankruptcy. If management failed to invest properly in talented players, the season ticket holders argued, then season tickets would be less valuable.

Despite these arguments and further complaints that management had closed the concession stand nearest the season ticket holders' seats, perhaps in an ill-advised attempt to save money, the U.S. Trustee did not allow the season ticket holders to become involved in the bankruptcy "at this time."

Most people in bankruptcy never have to deal with outside parties trying to have a say. In fact, in most instances, no one wants to get in on a bankruptcy case. As the Dodgers are learning, though, baseball is always different.

Source: L.A. Times "Dodgers season ticket holders ask for say in bankruptcy" Sept. 27, 2011