South Florida Bankruptcy Lawyer

America is seeing an ailing economy that it hasn’t seen in years.  With foreclosures on the rise and property value declining, the common person is finding it ever so difficult to keep up with the financial climate.  Fears of inflation and a bear market is striking fear in citizen across the nation.  Even big […]

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OBC Holding Company, based in Redmond, has filed for bankruptcy protection along with several of its affiliates.  The company listed its assets right about $50 million dollars and more than twice that in debt.  With it’s estimated 999 creditors, including a very large lending agreement with the Massachusetts Mutual Life Insurance Company who has given […]

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Although the bulk of bankruptcy rates along all the levels are rising, it seems that the rates of bankruptcy for those age of 65 and older has increased drastically over the past 8 years. Forbes did a study showing that while the numbers for overall bankruptcy did increase, the percentage of those filing that were […]

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For April 2008, the number of consumer bankruptcy filings went up 47.7% over April 2007’s filings.
The increase in filings is due in part to people attempting to cope with fallout from the subprime mortgage crisis. The 92,291 bankruptcy filings in April also was a 7% increase over the number from March.
The American Bankruptcy Institute expects there […]

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US Senate Democrats are pushing for a change to current bankruptcy law in an attempt to stem the tide of foreclosures in the weak housing market. Under the proposal, judges would be given the power to ease the terms of mortgages during bankruptcy proceedings. The rationale, say proponents, is to allow homeowners a second chance […]

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