South Florida Bankruptcy Lawyer

Thousands of Hostess Brands Inc. employees are fearful of losing their jobs in the coming months as their company works through it’s Chapter 11 bankruptcy filing.

Under the WARN Act, companies have to give their employees at least 60 days of notification before anyone is laid off. Last Friday, Hostess sent these notices to all 18,500 of it’s employees. The lay-off would not take place at the current moment, but could occur within the next two months.

This potential lay-off is connected to Hostess’ attempt to emerge from their Chapter 11 bankruptcy filing as a profitable company. Hostess filed for the bankruptcy protection earlier this year.

Please contact the Boca Raton Chapter 11 bankruptcy lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 if your company is seeking help in regards to the bankruptcy process.

The woman who gained national attention and ridicule after giving birth to octuplets has filed for Chapter 7 bankruptcy.

Nadya Suleman was an unemployed single mother of six children when she decided to undergo in vitro fertilization in order to have more children. She ended up getting pregnant with octuplets. She gave birth to her eight children, six boys and two girls, in 2009, and is now a single mother of 14 children.

She has been supporting her family with disability checks and food stamps. She recently told the media that her family was at rock bottom, and needed help climbing out. The paperwork for the Chapter 7 bankruptcy revealed that she had almost $1 million in liabilities and only $50,000 in assets.

Please contact the Boca Raton Chapter 7 bankruptcy lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 if you or someone you know has questions pertaining to Chapter 7 bankruptcy.

On Monday in the U.S. Bankruptcy Court in Las Vegas, Bill Plise filed paperwork to apply for Chapter 7 bankruptcy protection. The Las Vegas developer personally volunteered for the bankruptcy filing in order to begin paying back his numerous creditors.

The filing reveals that Plise has liabilities that could range between $100 million and $500 million. His assets were listed at approximately $50,000. The exact numbers have not yet been filed in the bankruptcy case.

Since 2007, Plise has entered into several business projects with the ultimate goal being to develop large commercial properties throughout the city of Las Vegas. He tried to execute these projects during the economic recession, and ultimately failed. Plise has yet to comment on the bankruptcy filing.

If you are considering filing for Chapter 7 bankruptcy protection, please contact the Boca Raton Chapter 7 bankruptcy lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

In the U.S. Bankruptcy Court located in Fort Lauderdale, Florida, Warren Sapp has filed for Chapter 7 bankruptcy protection.

The ex-NFL player, who won a Super Bowl title while playing with the Tampa Bay Buccaneers, claims that he owes $6.7 million to various creditors. Sapp has four children by three different women, and, according to documents, owes thousands of dollars in unpaid child support to them.

He provided a detailed list of his current assets, which he sets at $6.45 million. This list includes athletic shoes, golf clubs produced by Nike, and a Muhammad Ali boxing glove. He also reveals that he misplaced two of his most prized possessions, his 2002 Super Bowl ring, and his National Championship ring, and that adds to his growing debt.

If you are having trouble with finances, and are looking into Chapter 7 bankruptcy, please contact the Boca Raton Chapter 7 bankruptcy lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

“Pink slime” is a term that  negatively identifies filler lean beef and was made popular by the American public. This so-called slime is present in most ground beef products. The amount of ground beef that was consumed in the United States started declining due to the overall public opinion.

Grocery stores and supermarkets were asking ground beef manufacturing companies to remove that specific filler from their products. AFA Foods, Inc. is a meat supply company centered around ground beef. They were unable to produce ground beef without the “pink slime” and therefore sought out Chapter 11 bankruptcy protection.

At the time of the filing, AFA Foods, Inc. claimed that their revenue for the previous year was $958 million. Their assets were $219.6 million, and their debts were $197.3 million.

Please contact the Boca Raton Chapter 11 bankruptcy lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 if your company is considering filing for Chapter 11 bankruptcy.