Singer T-Boz’s third bankruptcy filing was dismissed by a judge in Atlanta, Georgia last week. The TLC singer first filed for Chapter 11 bankruptcy with the rest of the girls in the group in 1995.

Then, last February, T-Boz filed for Chapter 13 bankruptcy with more than $700,000 in debt. This case was dismissed, and the singer filed for Chapter 13 bankruptcy again in October. However, creditors were able to make enough of a case that T-Boz was not making an effort in her bankruptcy for the judge to toss out her most recent filing.

T-Boz was accused of failing to attend meetings with creditors, to make any payments in her bankruptcy, to submit required documents, and to seek $250,000 in child support she is owed. The judge agreed with creditors that T-Boz was not trying to resolve her bankruptcy.

180 days after her case was dismissed, the singer may file for bankruptcy again. Until then, creditors are permitted to take action to recover the singer’s assets to pay off the debt she owes to them.

Contact the West Palm Beach Chapter 13 bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800, if you or someone you know has questions about filing for Chapter 13 bankruptcy.

Kodak Co. recently filed for Chapter 11 bankruptcy.  The photography company was created more than 100 years ago, but has struggled in recent years with more and more people relying on digital cameras.

According to their Chapter 11 filing, Kodak has $6.8 billion in debt and $5.1 billion in assets.  Last week, NYSE Regulation Inc. decided to stop the trading of Kodak stock.

Since 2010, Kodak has had to let go of 47,000 employees and close 130 photography labs and 13 factories.  The company hopes to be able to sell off patents in order to continue operations under Ch. 11.  ”Out of the bankruptcy proceedings, a much smaller company can emerge,” said former vice president for digital imaging at Kodak.

If you or someone you know has questions about reorganizing under Chapter 11 bankruptcy, contact the West Palm Beach Chapter 11 bankruptcy attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 to speak with an experienced and compassionate bankruptcy lawyer about your situation.

This week, Trailer Bridge and its creditors were able to reach an agreement on a debt reorganization and repayment plan.  The company filed for Chapter 11 bankruptcy in November with $82.5 million in unpaid bonds.

Trailer Bridge is a shipping company based in Jacksonville.  It continues to send 4 ships to the Dominican Republic and Puerto Rico twice a week, and has not had to lay off employees during their bankruptcy.

According to the court documents, the agreement states that Trailer Bridge’s note holders will own 91 percent of the company.  In addition, Trailer Bridge will pay its creditors a pro-rated amount of $65 million.

To learn more about restructuring debt under Chapter 11 bankruptcy, contact the West Palm Beach Chapter 11 bankruptcy attorneys of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

This year’s higher fuel costs caused American Airlines to filed for Chapter 11 bankruptcy last week.  The airline contemplated filing for bankruptcy for about a decade as they have been unable to achieve a year-end profit only once since 2000.

American Airlines has lost more than $11 billion since 2001.  Now, the company has about $4.1 billion in cash and investments.  As the airline reorganizes, executives are insisting that customers should not notice a difference in flight schedules, frequent flier programs, or customer service.

According to the Chapter 11 bankruptcy filing, Miami-Dade County is American Airline’s second largest creditor besides lenders.  The county is owed $29 million.

If you would like to speak with an attorney about the benefits of filing for Chapter 11 bankruptcy, contact the West Palm Beach Chapter 11 bankruptcy attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 to discuss your situation with one of our experienced bankruptcy lawyers.