South Florida Bankruptcy Lawyer

In 2005, new laws were passed to reduce the number of bankruptcies filed. The institution of a means test was meant to make it more difficult to qualify for Chapter 7 bankruptcy, and reduce bankruptcy abuse.
Three years after these laws were instated, bankruptcy filings are approaching one million in one year. Next year it is […]

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Michigan based trucking company, Gainey Corp. is filing for bankruptcy under Chapter 11. This allows the company to structure a repayment plan while keeping creditors at bay.
The company failed to repay over $238 million of a $260 million loan from Wachovia. Wachovia filed a suit against the company shortly after they defaulted.
Financial crises are becoming […]

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BESSEMER, Ala. - The Jefferson County Commission voted to reject filing for bankruptcy on Tuesday. Had the vote passed it would have been the largest municipal bankruptcy in United States History.
The federal government refused to guarantee the county’s $3.2 billion sewer bond debt. It appears that the crisis started when the county, which […]

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 At the center of the world’s financial crisis this week is Iceland who may be the first national bankruptcy.
The country has already suffered the falling of its second largest bank Landsbanki Island HF.  The British government has decided to step in to protect its citizens’ savings accounts after Landsbanki’s failure.  ING Direct UK has picked […]

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Hawaiian souvenir company Hilo Hattie recently filed for bankruptcy under Chapter 11. The company is not, however, shutting down. According to their Chief Executive, “We’re not closing. We’re staying in business. We see this as a fresh start.”
This filing comes only five months after Hilo Hattie was bought out by TOC Inc. Luckily, none of […]

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