2012 February | West Palm Beach Bankruptcy Lawyers Florida West Palm Beach Bankruptcy Attorneys Law Firm

Bankruptcies down in Florida’s Middle District in 2011

Posted on February 20th, 2012 No Comments

According to the Administrative Office of U.S. Courts, bankruptcies decreased by 19.7 percent in Florida’s Middle District in 2011. In total, 53,555 bankruptcies were filed at the U.S. Bankruptcy Court for the Middle District of Florida from January 1, 2011 through December 31, 2011. In 2010, 66,689 bankruptcies were filed at the court.

The district includes Fort Meyers, Tampa, Orlando, and Jacksonville divisions. 2,389 of the bankruptcies filed in the district in 2011 were commercial bankruptcies. 1,718 of these bankruptcies were small business liquidations under Chapter 7 bankruptcy and 496 were Chapter 11 reorganizations. Also, 17 Chapter 12 bankruptcies were filed at the court, as well as 157 Chapter 13 filings.

A total of 51,166 consumer bankruptcies were filed in the Middle District of Florida. These were divided between 88 Chapter 11 bankruptcy filings, 12,872 Chapter 13 filings, and 38,206 Chapter 7 bankruptcies.

If you are considering filing for bankruptcy and would like the assistance of an experienced bankruptcy attorney, contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A. at 561-353-2800 to learn more about how we can help you.

T-Boz’s Chapter 13 bankruptcy filing dismissed

Posted on February 14th, 2012 No Comments

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.

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Florida has 2nd most bankruptcies in 2011

Posted on February 7th, 2012 No Comments

In 2011, the state of Florida had the second most amount of bankruptcies in the U.S. with a total of 6,178 filings. California had the most amount of bankruptcies with nearly double that of Florida; 15,803 consumers and businesses filed for bankruptcy in the state last year.

Tennessee had the highest number of bankruptcy filings per capita. For every 1,000 people in the state, 6.38 people filed for bankruptcy in 2011. Nevada, Georgia, Delaware, and California had the next highest numbers of bankruptcy filings per capita.

Last month, the total number of bankruptcies filed in the country decreased by 9 percent from a month before and 14 percent from a year before. 87,946 bankruptcies were filed in the U.S. in January, making the nation’s per capita rate 3.41 out of every 1,000 Americans.

If you or someone you know is considering filing for bankruptcy, contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

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