Across Iowa, bankruptcy filings have increased 12% in the first eight months of 2008 (compared to the same timeframe in 2007).  In fact, even though a new law was passed in 2006 making it more difficult for individuals to file for bankruptcy, more Iowa residents have already filed for bankruptcy this year than in all of 2006—currently, a total of 5,143 individuals.

Experts say that several economic conditions have led to this increase.  Perhaps, most notably, are difficulties in the housing market.  As the number of home sales across the state has fallen, individuals are finding it hard to get out of mortgages they can’t afford.

Additionally, unemployment in Iowa has hit its highest point in three years, reporting 4.3% unemployment.  The lack of income for many Iowans combined with mortgage troubles has led to financial crisis for a number of individuals.

Katie Porter, a professor of law at the University of Iowa, has indicated that most people filing for bankruptcy in Iowa are not doing so in order to save their homes, but to get out of the debt they accrued while trying to save their homes themselves. 

If you are experiencing financial crisis and are considering filing for bankruptcy, contact the South Florida bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2500.

Recent Studies have shown that the leading cause of Bankruptcy is medical debt from chronic illness.  A university research team interviewed a number of individuals who were part of the 1.45 million people who filed for bankruptcy earlier in the decade. 

In these in-depth interviews, half of the families cited medical issues as the reason for going into bankruptcy.  Out-of-pocket expenses for illness averaged a cool $12000. Seventy-five percent of these individuals had insurance at the onset of the illness.  What was even more disturbing was that these individuals were more likely than others to experience lapses in coverage. 

The truth of the matter is that more and more Americans are filing for bankruptcy.  If this is the case with you, it may be beneficial to hire an experience bankruptcy law attorney.  Contact the professionals at the law offices of Eric N. Klein at 561-3563-2500.

The company has also filed a motion with the court requesting permission to move forward with its plan of offering its patents and other assets for sale, under the supervision of the Court.

Affinity CEO, Chairman, and President Joe Boyle wishes to avoid Chapter 7 liquidation by selling the company’s assets.

If you are facing a financial crisis or would like to consider the alternative of filing for bankruptcy, contact the South Florida bankruptcy lawyers of Eric N. Klein, P.A. at 561.353.2500 to discuss your case and further legal options

Senators in Congress are considering the future of the credit industry.  Democrat from Florida, Al Franken, has proposed a number of different changes that would protect consumers from predatory lenders.   He feels that Congress has failed to help those households that have been duped into accepting outrageous credit terms.

His charges have caused fervent debate on Capitol Hill.  Republican Senator Norm Coleman disputes his colleague’s claims, referring to them as purely rhetoric.  Coleman, who supported the 2005 bankruptcy bill, claims that his investigative subcommittee has exposed credit abuses and wants to stop deceptive credit practices.

Franken says that he will support a “credit bill of rights” that would crack down on predatory lenders.  It would ban interest on late fees, and require that credit applications be intelligible.  This would hopeful curb the possibility of another credit crunch crisis.

If you have found yourself in a financial bind, call the West Palm Beach bankruptcy attorneys of the Eric N. Klein law firm at 561.353.2500.

The filing, which is incomplete and was done without the aid of an attorney, lists between $10 million and $50 million in assets along with $1 million to $10 million in debts.  Only one of the 49 creditors listed was named, 3920 Parks, Corp of New York.

A source close to Quadracci claims the 3920 Parks refers to the heirs residence in New York City.

Quadracci’s inheritance is currently tied up in probate.  Also according to the source, he has the assets and does wish to “dispense with his debts.”

If you are facing a financial crisis, contact the South Florida bankruptcy attorneys of Eric N. Klein at 561.353.2500  to discuss your case and further legal options.

Residents of Monroe Country are a bit nervous now due to the fact that crucial information about individuals who filed for bankruptcy years ago is available on the internet.  Social Security numbers of these individuals were listed on the U.S. Bankruptcy Court documents filed with the clerk’s office between 2000 and 2003. 

Police authorities feel that this could be a gift to identity thieves, which could be especially damaging as these individuals are likely trying to restore their credit rating.

Some residents blame the current “politician” that has been elected to the position.  Workers have spent weeks going through some 15 million pages and taking the numbers away.  They still do not know when the will be finished.

If you believe that you are in danger of filing for bankruptcy, it is important that your information is protected.  Having an experienced bankruptcy law attorney on your side can help with the process.  For more information, call the West Palm Beach bankruptcy lawyers of the Eric N. Klein law firm at 561-353-2500 for more information.

This is the unemployment rate’s highest in more than four years.  Just last April the rate was five percent.  Economists are asserting that this is just another sign that the economy is in recession.  At the end of the recession in 2001, unemployment rates rose over at three month period at a similar rate.  The recent drop in the employment will likely hurt consumer spending.

This trend has led to the loss of property values, stricter lending rules, and highly unprecedented gas and oil prices.  Furthermore, the threat of bankruptcy is becoming more real for many Americans who are facing cutbacks and layoff.

If you are facing bankruptcy, you do not have to face it alone.  Contact the South Florida Bankruptcy Lawyers of Eric N. Klein to discuss your case and legal options.

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 restaurant chains are feeling the heat. 

Most recently, Bennigan’s and Steak & Ale filed for bankruptcy.  The company plans to close all locations.  Not only is the company hurt, but its employees must suffer the consequences as well.  The move will potentially put thousands of people out of work, as there are more than 300 locations across the country. 

This move will not affect franchise stores.  Bankruptcy is a suitable option for mounting debt that will never seem to go away.  If you think it is something that you might be interested in, consider talking to a bankruptcy attorney to explore your legal options.  Call the law office of West Palm Beach bankruptcy lawyer Eric N. Klein at 516-353-2500.