Clearwater, St. Petersburg, & Pinellas County Florida Fun Facts

(From THE “Fun Fact Factotum” ) Clearwater… St.  Petersburg… and Pinellas County… All are situated in the State of Florida. All are sited along or immediately near the Central West Florida coastline along a 55-mile long stretch of the Gulf of Mexico. The longitudes and latitudes of the three geographical locations vary slightly. Those are: Location Latitude Longitude Elevation Clearwater 27.796745 -82.796745 30 feet St. Petersburg 27.773056 -82.639999 43 feet Pinellas County 27.8764 82.7779 (not given) Clearwater, St. Pete and Pinellas County – being so Read More +

Reaffirmation Agreements In Bankruptcy

The primary thrust of Chapter 7 Bankruptcy cases is to deal with consumer debts in such a manner as to ultimately “discharge” them – i.e. eliminate the obligation to pay certain types of debt and get a “financial fresh start”. While not all debts are subject to “discharge”, many of them – primarily “consumer debts” – are. There are some circumstances where a debtor opts to continue to service certain debts that may be otherwise dischargeable in Chapter 7 bankruptcy proceedings. Being involved in a Read More +

Clearwater, Florida – More Than Just Beaches

Clearwater, Florida, situated on the Gulf of Mexico in West Central Florida, is the County seat of Pinellas County. The region surrounding Clearwater and Pinellas County is known as the Tampa Bay Area. Clearwater is the third largest City in the region; the cities of Tampa and St. Petersburg are the two largest. Prior to the early-1800’s, the area surrounding present-day Clearwater was occupied by native Americans known as the Tocobaga people. In 1835, the United States Army began construction of an army fort which Read More +

Stand Your Ground In Clearwater, Fl

** BACK IN THE NEWS ** The accused killer of Markeis McGlockton, Michael Drejka, went back to criminal Court in Pinellas County on Thursday to seek a reduction in his $100,000 bail. The request – in a hearing described by the St Petersburg Times as feeling “more like a trial” – was denied. Drejka is being held in the Pinellas County Jail on one count of manslaughter in the July 19th shooting at a Clearwater, FL convenience store. The genesis of the shooting and resultant Read More +

Standing Your Ground In Clearwater, Fl

Clearwater, Florida is normally a quiet community that does not appear in the pages of national newspapers or on the nightly news broadcasts. Ordinarily, Clearwater’s “fame” centers on its laid-back lifestyle, pristine beaches, and a reputation for being a destination for vacationers and “snowbirds” seeking warmth in the winter and a place to frolic when the kids are out of school. That sense of the “normal” and “ordinary” was shattered on Thursday, July 19th of this year when an altercation over a parking spot at Read More +

The “means Test” In Bankruptcy (chapter 7) – Part Iii

Part III of Three Related Articles [See related articles on this blog: The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), “Part I, Rationales”&“Part II, Changes in Bankruptcy Law”] After passage of the BAPCPA in 2005, anyone wanting to file for Chapter 7 bankruptcy relief was faced with the new requirement of having to pass a “means test” to determine their eligibility. The primary purpose of the means test is to help the court determine whether an individual should be allowed to file a petition Read More +

Bankruptcy Abuse Prevention & Consumer Protection Act Of 2005 (bapcpa) Part Ii

Part II – Changes in Bankruptcy Law [See related articles on this blog: The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), “Part I, Rationales” &Part III The “Means Test in Bankruptcy”] The enactment of the Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA) in April, 2005, wrought significant changes in the law embodied in Chapter 7 of the United States Bankruptcy Code. Changes were also affected in Chapter 13 of the code, but such changes in that section were not as broad or as Read More +

The Bankruptcy Abuse Prevention & Consumer Protection Act Of 2005 (bapcpa) Part I

Part I–Rationales [See related articles on this blog: “The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), ‘Part II, Changes in Bankruptcy Law’, and “Part III, The Means Test in Bankruptcy”] The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was a “bankruptcy reform” measure passed by Congress during the fifth year of the Bush (#43) Presidency. According to a report by the U.S. House of Representatives’ Judiciary Committee (Report 109-031), the BAPCPA “represented the most comprehensive set of bankruptcy reforms in more than twenty-five Read More +

Gibson Brands, Inc. Dba Gibson Guitars Secured Bondholder Recovery In Bankruptcy Court

*** SECOND UPDATE *** According to a filing in U.S. Bankruptcy Court, the secured bondholders of Gibson Brands, Inc. bonds are set to receive 56 cents on the dollar for the $383 million in debt that they hold in the iconic guitar maker’s business. Senior secured bondholders, led by KKR & Company, were informed in a court filing yesterday (July 12, 2018) that such recoveries will come from Gibson under its Chapter 11 reorganization plan. The same bondholders are currently providing financing to Gibson during Read More +

Business Bankruptcy

A business bankruptcy can take a number of forms. In a Chapter 7, a corporation may file bankruptcy in order to seek the orderly liquidation of its enterprise. In a Chapter 7 bankruptcy, generally the corporation is liquidated and ceases its business functions. The assets of the business are sold and distributed among the creditors of the corporation. Despite the belief of many, including many bankruptcy attorneys, a corporation does not receive a discharge in a Chapter 7 bankruptcy. There are benefits for a corporation Read More +