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

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 +

Alternatives to Bankruptcy

What are some alternatives to filing bankruptcy, asks John W of Clearwater, Florida.  The bankruptcy attorneys and counselors at Weller Legal Group are experienced and knowledgeable in not only bankruptcy law and its procedures, but additionally in the numerous alternatives to bankruptcy. Our law offices offer many alternatives to bankruptcy.  Credit card debt and other unsecured debt obligations are common to the clients who approach our offices.  One alternative to bankruptcy is debt settlement.  There are many debt settlement companies that the reader probably has Read More +

Bankruptcy Lawyers for Low Income

The search term bankruptcy lawyers for low income is one of the main selections one finds when typing in the keyword bankruptcy attorney or bankruptcy lawyer.  This suggests that a significant portion of those seeking a bankruptcy attorney or bankruptcy lawyer, either consider themselves of low income or are seeking representation in bankruptcy, but have constrained income. There are legal services that are specifically designed to assist those with low or no income.  Bay Area Legal Services often provides attorney representation to persons who are Read More +

the Architects of Your Enslavement (part Ii of Iii)

The Housing Collapse Of 2005 Part II of III The Bush Administration simply followed the lead provided by its Predecessors.  With the elimination of Glass Steagall, the easy money kept flowing.  Ian Greenspan kept the Interest Rates low.  The Bush Administration mostly ran interference against any form of oversight, or actively encourage irresponsible Lending. In a pure economy where Interest Rates are determined by the risk presented by Lenders of real money, to Borrowers, any form of government “oversight” or regulation would be probably mostly Read More +

the Architects of Your Enslavement (part I of Iii)

Bill Clinton, Bush, Bankers and Servicers, Et Al Part I of III Bill Clinton, during his tenure as President of the United States, signed numerous pieces of Legislation that ultimately lead to the Housing Bubble and its eventual rupture, and the loss of millions of homes by some homeowners, and the reduction of the values of many millions of other homes, in the United States.  Mr Clinton signed the Gramm-Leach-Bliley Act which essentially repealed the Glass-Steagall Act.  The Glass-Steagall Act was considered an important part Read More +

Advice to Law Students Who Want to Be A Bankruptcy Attorney

ST PETERSBURG, FLORIDA LAW STUDENT MIKE PARSONS QUESTION FOR BANKRUPTCY LAWYER I am a Law Student who wishes to study Bankruptcy Law and practice as a Bankruptcy Attorney.  Do you have any advice as to how I should proceed?  Thank you, Mike Parsons of St Petersburg, Florida for your question. While in my second year of Law School, I learned a little about Bankruptcy Law from one of my Professors.  I immediately thought that Bankruptcy Law was the area of Law I wished to practice Read More +

Born in the Usa or Kenya Obama is Not Eligible to Be President

OBAMA IS NOT A NATURAL BORN CITIZEN BECAUSE HIS FATHER WAS A FOREIGN NATIONAL 9/19/16 Much controversy has been raised since the ascent of the Obama Presidency and recently with the reintroduction by presumably, Hillary Clinton’s Campaign and Operatives, of the “birtherism” issue whether Mr. Obama was born in the United States.  The fundamental question is whether the President of the United States is a natural born citizen, as defined or contemplated, by the United States Constitution, and therefore eligible to be President of the Read More +

Bankruptcy Affect on Employment

BANKRUPTCY ATTORNEY QUESTION FROM BRANDON, FLORIDA Igor B of Brandon, Florida asks: “will filing Bankruptcy affect either my present or future employment?” Bankruptcy Code Section 525(a) or as it is properly known, 11 USC  525(a) states that no Governmental Unit may deny, revoke, suspend or refuse to renew a license, permit, franchise, or deny employment to, terminate the employment of or discriminate with respect to the employment of a Debtor who has filed Bankruptcy.  Bankruptcy Code Section 525(b) states that no Private Employer may terminate Read More +

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

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 +

Chapter 7 Bankruptcy in 982 Words

Chapter 7 Bankruptcy is so named because it is a form of Bankruptcy that is formed under Chapter 7 of the United States Bankruptcy Code.  The United States Congress gains its authority to create and change the Bankruptcy Laws through the specific grant of the United States Constitution.  Any revisions to the United States Bankruptcy Code must be passed by Congress, and also, with certain exceptions, the approval of the President. The Bankruptcy Laws in the United States, are partly a reflection of the Bankruptcy Read More +