South Florida Bankruptcy Lawyer

The Boca Raton bankruptcy attorneys of Eric N. Klein & Associates, P.A. are proud to announce that one of this year’s winners of the National Football League’s Punt, Pass & Kick competition is an 11-year old girl from Boca Raton.

Ava Shmueli won in the Girl’s ages 10-11 Division, beating 3 other regional winners in the finals of the competition, which was held at the American Football Conference playoff game at the Ravens’ stadium in Baltimore, Maryland last week.

The 5th-grader began competing in Punt, Pass & Kick three years ago.  The contest totals a contestant’s distance in 3 passes, punts, and kicks.  Shmueli won with a total of 255 feet.

The 11-year old has played sports since she was 6, including soccer, basketball, tennis, and volleyball.  Before the finals, punter for the Miami Dolphins Brandon Fields gave Shmueli some advice on relaxing and kicking the football, which she says helped her feel more confident going into the competition.  Shmueli began training for this year at the Dolphins’ training center in September.

To read more about this year’s Punt, Pass & Kick contest, visit the Sun-Sentinel website.

Yesterday, Jacksonville-based Trailer Bridge submitted a reorganization plan that has been approved by creditors.  The shipping company had $82.5 million in unpaid bonds, and filed for Chapter 11 bankruptcy in November 2011.

The plan states that Trailer Bridge will pay its note holders, whom are owed $82.5 million, $65 million–a pro-rated amount of the company’s debt.  In addition, the plan entitles Trailer Bridge’s creditors to 91 percent interest in the business.

The creditors are also able to choose between receiving 15 cents of interest per their share in the company, or pro-rated interest in Trailer Bridge’s remaining 9 percent of ownership.

While reorganizing, Trailer Bridge says that they will be able to continue operations without laying off any employees.

If you or someone you know has questions about reorganizing under Chapter 11 bankruptcy, contact the Boca Raton Chapter 11 bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800 to speak with one of our experienced bankruptcy attorneys today.

According to the National Bankruptcy Research Center, personal bankruptcies filed in the U.S. decreased by 12 percent in 2011.  Last year, about 1 in every 175 Americans sought bankruptcy protection.

About 1.35 million people in the U.S. filed for personal bankruptcy in 2011, compared to 1.5 million in 2010.  Chapter 7 bankruptcy filings decreased by 17 percent in 2011, while Chapter 13 bankruptcies decreased by 25 percent.

Personal bankruptcies in South Florida also decreased last year.  In total, 34,492 bankruptcies were filed in Miami-Dade, Broward, and Palm Beach counties in 2011–9 percent fewer bankruptcies than were filed in 2010.

The decrease in personal bankruptcies across the U.S. has been attributed to decreased credit usage, unemployment, and delays in foreclosure actions.

To learn more about filing for personal bankruptcy in South Florida, contact the Boca Raton personal bankruptcy attorneys of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

Swedish auto company Saab handed in a bankruptcy application this week in Vänersborgs.

Saab has tried to revive its company for the past two years, but its last attempts were blocked by General Motors. GM owned Saab from 1990 to 2010 and still owns some of its technology licenses. Chinese investors planned on aiding the Swedish company if it transferred over technology, but GM refused to allow the transfer.

This year, Saab only sold 5,305 vehicles. Due to the company’s small size, experts do not expect the bankruptcy to affect the auto market. Saab is expected to be liquidated with GM buying up its patent rights.

If you are considering filing for bankruptcy or have questions about the process, contact the South Florida bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800.

This weekend, the 40th annual Seminole Hard Rock Winterfest Boat Parade kicked off this winter’s series of boat parades in South Florida.  The parade started at Fort Lauderale’s riverwalk and floated up the New River to Lake Santa Barbara on Saturday night.

About 100 boats were involved in the parade and all were decorated for the holidays.  The theme of this year’s Winterfest Boat Parade was “Rockin’ Boats & Holiday Floats.”   The parade was led by a 160-foot U.S. Coast Guard vessel and rock music and fireworks accompanied the boats.

On Sunday evening, the Pompano Beach Holiday Boat Parade traveled from Lake Santa Barbara to the Hillsboro Boulevard Bridge.  Next, the 35th annual Boca Raton Holiday Boat Parade is scheduled for 6:30 p.m. on December 17.  The Boca Raton parade will begin at the city’s limits at the C-15 canal.

The Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A. would like to wish everyone happy holidays.

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