Will Tennessee Follow Florida in Decline of Bankruptcy Filings?

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"Chapter 13", foreclosures, knoxville bankruptcy

In Jacksonville Florida it is reported that bankruptcy filings are down by over 10% compared to the first quarter of 2010. Is there any chance that we’ve seen the tide of bankruptcy filings turn and now will continue to decline. I think the answer is probably “NO.” Here’s why. In Florida, which is a judicial […]

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It’s no secret that real estate prices, including homes, have plummeted in recent years. If you purchased your home during the real estate boom, you might have both a first a second mortgage. It’s a shame that the property may no longer be worth what is owed on the first mortgage. However, there’s good news […]

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Reuters is reporting that perhaps next week shopping mall food court favorite Sbarro may seek bankruptcy protection as it obtains over $30 Million of financing. The financing would be available for operations while Sbarro restructures its indebtedness. Lenders sometimes condition loaning operational money upon the filing of a Chapter 11 case and then obtaining court […]

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"Chapter 13", "dan scott", bankruptcy, foreclosure, foreclosures, knoxville bankruptcy, sevierville bankruptcy

Recently the National Bankruptcy Research Center reported that bankruptcy filings were down in February as compared to the same period in 2010. Obviously they’ve taken their numbers from the numbers actually reported in the Federal Bankruptcy Court system. What troubles me is that there seems to be more and more foreclosures of homes in Knoxville, […]

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attorney, bankruptcy, Chapter 11, experienced, knoxville bankruptcy

A long and deep recession claimed another victim this week. Stirling Sotheby’s International Realty, a well known and respected real estate brokerage company with over 100 agents filed Chapter 11 bankruptcy a few days ago. No doubt the Florida real estate market was the first to experience the huge downturn, but other locales including East […]

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"Chapter 13", bankruptcy, Chapter 7, exemptions

The New 10k Exemption for Personal Property The purpose of bankruptcy is to take care of your debts by liquidating your assets. In case of Chapter 7, most of the assets and properties are exempted under Federal or State law. Although, there is a federal exemption law in the US, most states have their own […]

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bankruptcy sale, Chapter 11, nashville, sabre, Section 365

Nashville arms dealer Sabre finds itself in the midst of a fight over who will end up with the company’s assets. Its principals have been indicted for gun trafficking and are awaiting extradition from the UK. Not to worry, while the officers may be fighting criminal extradition, the battle rages for the actual assets of […]

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bankruptcy, borders, business strategy, Chapter 11, knoxville bankruptcy, sevierville, tax lien

I reported on this site a month ago that big time book seller Borders was on the verge of filing bankruptcy. The Wall Street Journal reported Saturday that it is likely that Borders will file a Chapter 11 on Monday or Tuesday. It’s likely that the case is being filed sooner rather than later because […]

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So here’s the choice, bow down to the new Federal Health Care law or be saddled with all health care costs until you leave this planet. Is that a reasonable option? Oregon’s Representative Peter Defazio believes that it is. Just this week Representative Defazio floated the idea that one way around the recent court decision […]

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"Chapter 13", bankruptcy, Chapter 7, consolidation loan

As the economy continues to take its toll, reporting agency Reuters reports that consumer bankruptcy filings in 2010 were the highest in 5 years. The filing of 1.53 Million consumer bankruptcy cases in 2010 demonstrates more about the economy that the talking heads on the evening news can tell us. Regular working folks, and many […]

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Will Tennessee Follow Florida in Decline of Bankruptcy Filings?

Knoxville Bankruptcy Attorney Advises to Consider Lien Stipping for Second Mortgages in a Chapter 13

Is a Chapter 11 on the Menu for Fast-food Pizza Chain Sbarro?

If Bankruptcy filings in Knoxville are Down, Why Do Foreclosures Continue to Rise?

Will Knoxville Real Estate Firms Follow Florida’s Stirling Sotheby’s International Realty into Bankruptcy

Bankruptcy Personal Exemptions Raised to $10,000 in Tennessee

Sale of Nashville’s Sabre Assets in Bankrupty Not so Simple

7 Reasons Borders May Choose Chapter 11 Bankruptcy

Next Option for Heath Care Revision: No Bankruptcy Discharge