South Florida Bankruptcy Lawyer

Personal bankruptcy filings are on the rise as the economy takes its downturn. In Florida, personal filings rose by 62% from October 2007 to October 2008. Unfortunately, this number is rising even more.
As the economy fails, personal bankruptcies are becoming more and more common. Consumers are having trouble paying mortgage payments and credit card debts, [...]

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Everything But Water, LLC, a retailer that sells swimwear, has recently filed for bankruptcy. The company has tried to restructure, but the economy prevented it. They filed on Wednesday.
The company listed  $58 million in  assets and $35 million in liabilities. The company is now seeking a bankruptcy loan for $5 million now and $11 million [...]

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Corporate bankruptcies under both Chapter 7 and 11 have risen by over 100% compared with last year. In February, 2008, there were 14 filings from corporations. This year there have already been 33 filings.
Several of the companies that have filed this year have filed for bankruptcy in the past as well. Some of these companies [...]

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Congress may give judges the power to “cram down” a loan for investment properties to their current value. This allow many people who are facing foreclosure to keep their homes. However, it could also cause some damage.
When a loan is “crammed down” the judge is modifying the terms of the mortgage. This could cause a [...]

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A recent review of 33 large home builders found that over 30% of them are in danger of having to file for bankruptcy. Many builders are cutting costs in the hopes of increasing revenue and holding off bankruptcy. Unfortunately that may not be enough.
Several home builders have already had to file for bankruptcy this year. [...]

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