Bankruptcy, Layoffs and Likely Sale – the “fate” of A Pulitzer Prize-winning Newspaper

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One of West Virginia’s oldest newspapers, the Charleston Gazette-Mail announced on Monday, January 29, 2018, that a Chapter 11 Bankruptcy filing “is imminent”. The actual filing of bankruptcy pleadings has not been confirmed. Informed sources say the plan was to file the requisite Chapter 11 bankruptcy paperwork on Tuesday, January, 30th.If a Chapter 11 filing is commenced, West Virginia’s largest newspaper could be sold coming out of bankruptcy or otherwise liquidated. The report of the pending bankruptcy filing included news that the parent company of Read More +

Toys R Us, the Retail Apocalypse and Mitt Romney’s Bain Capital

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2017 has been a particularly bad year for many of the nation’s retailers. On September 19, Toys R Us announced its filing of Chapter 11 Bankruptcy. Chapter 11 Bankruptcy is a form of bankruptcy wherein a corporation (or an individual whose debt exceeds certain monetary thresholds) seeks the reorganization of its debt through the mechanism of bankruptcy, and usually the continuation of its operations. Toys R Us announced in a statement that it voluntarily sought Chapter 11 protection, “To achieve our financial objectives, Toys R Read More +

Copyrights in Bankruptcy

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COPYRIGHTS IN BANKRUPTCY

Under bankruptcy law, copyrights and patents are considered assets.  An author of a book who has copyrighted such book or a songwriter who has copyrighted his or her song or songs are considered under bankruptcy law, to possess an asset.  Depending upon the value of such an asset, a debtor may find such asset sold by the bankruptcy trustee in a Chapter 7 bankruptcy.  In a Chapter 13 bankruptcy, the bankruptcy trustee will want a determination of the value of the asset.  If such asset’s Read More +

Bankruptcy Chapter 11

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From Clearwater, Florida comes a question from John J.  What is Chapter 11 Bankruptcy?  I have a small business, wish to retain my business, and either discharge or reorganize my personal and business debts.  Should I file a Chapter 11 Bankruptcy in order to accomplish these goals? There are numerous Chapters available under the Bankruptcy Code.  Chapter 7 Bankruptcy is a form of Bankruptcy wherein the Debtor usually seeks to Discharge unsecured debts, such as credit cards, medical bills, signature loans, and various other forms Read More +

Why is Bankruptcy Important?

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BANKRUPTCY ATTORNEY QUESTION FROM NEW PORT RICHEY, FLORIDA A gentleman from New Port Richey, Florida asks our Bankruptcy Attorney, why is bankruptcy important?  Bankruptcy is important because it is one of the few tools that an Individual possesses to prevent his or her enslavement. A Corporation may also file a sort of Bankruptcy called Chapter 11 Bankruptcy, which permits the Corporation to reorganize its Debts.  However, in most cases, a Corporation is a form that is maintained by Individuals. In the United States, the modern Read More +

Celebrities Who Filed Bankruptcy

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BANKRUPTCY LAWYER QUESTION SPRING HILL, FLORIDA Spring Hill, Florida Resident Johhny B asks the Bankruptcy Lawyer, what famous Celebrities or Public Figures have filed Bankruptcy? A number of well known Celebrities and Public Figures have filed Bankruptcy.  This Video gives an extensive list of such Persons who have filed Bankruptcy. Among the surprises on the list, for some, may be that Abraham Lincoln and Henry Ford filed Bankruptcy.  More recently, Fifty Cent, the Rapper, has also filed Bankruptcy.  Fifty Cent filed Chapter 11 Bankruptcy, along Read More +

Bankruptcy Attorney Question From Lakeland, Florida: Who is Jay Weller?

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Charles K Reed of Lakeland, Florida writes, who is Jay Weller? Jay Weller is an Attorney who primarily practices Bankruptcy Law. Mr. Weller graduated from the University at Buffalo in 1990 and from the University of Akron Law School in 1993. In Law School, the majority of Mr. Weller’s elective courses were in Bankruptcy Law or related to Bankruptcy Law, such as Secured Transactions. After graduation from Law School, Mr. Weller immediately moved to the Tampa Bay area and secured a position in a Law Read More +

50 Cent Battles in Bankruptcy Court to Save His Connecticut Mention: Former Home of Iron Mike Tyson is Subject in 50 Cent’s Bankruptcy Filing

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In 2003, 50 Cent purchased his home at 50 Poplar Hill Drive, in Connecticut, for $4.1 million dollars.  The Seller was former boxer Mike Tyson. The home has 21 bedrooms and 25 bathrooms.  It features a screening room, dance club or disco, casino, an indoor pool, gymnasium, and a basketball court.  The house spans 51,657 square feet. After purchasing the Poplar Hill property, 50 Cent invested an additional $6-10 million dollars into the property. According to an October 7, 2015 Article in Realtor.com, the property Read More +

the Chapter 11 Bankruptcy of Curtis James Jackson, Iii Aka 50 Cent

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This Article is the first entry in this Author’s Series on the Chapter 11 Bankruptcy filing of Curtis James Jackson III, or the man more famously known as 50 Cent, Fiddy, and sometimes, G Unit.  The entries in this Series  will be presented, as follows: FORMER PARAMOUR OF RICK ROSS DAMAGED BY RAPPER 50 CENT’S PUBLICATION OF SEX TAPE:  THE MISADVENTURES OF PIMPIN’ CURLY FIFTY CENTS FEUD WITH SLEEK AUDIO CONTINUES IN BANKRUPTCY COURT: 50 CENT’S HEADPHONE DEAL GETS DA CLUB 50 CENT BATTLES IN BANKRUPTCY Read More +

Find A Reputable Bankruptcy Attorney

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SEEKING A GOOD BANKRUPTCY LAWYER FOR CLEARWATER, PORT RICHEY AND LAKELAND AREAS A Bankruptcy Attorney practicing Chapter 7, Chapter 13, and Chapter 11 Bankruptcy and serving Clearwater, Port Richey and Lakeland, Florida, Jay Weller and the Bankruptcy Lawyers at Weller Legal Group have been representing the Tampa Bay area in Bankruptcy and Debt Related Matters, since 1993. If you are looking for a reputable and highly rated Bankruptcy Attorney or Bankruptcy Lawyer and you live in the Clearwater, Port Richey and Lakeland communities or surrounding Read More +