On Tuesday, Gary Busey filed Chapter 7 bankruptcy. That’s not all that shocking–plenty of celebrities have sought bankruptcy protection. Entertainers like Gary Coleman, Burt Reynolds and Jerry Lee Lewis, businessmen like P.T. Barnum and Donald Trump, socialites like Patricia Kluge, professional athletes like Lenny Dykstra and Lawrence Taylor. Even Abraham Lincoln and Walt Disney filed [...]
Dana Wilkinson, Attorney at Law
Lately the same refrain keeps cropping up in my practice: why did you wait so long? I understand that very few people want to file bankruptcy, and I agree that the decision to file bankruptcy is an important one. And while it is common to hear that bankruptcy should be a last resort, it is [...]
The headline caught my eye: “Is Bankruptcy ‘Business as Usual’ for Airlines.’ ” On NPR, no less. Reporting on the Chapter 11 filed by American Airlines, the article goes on to note: You might say it’s almost business as usual for the airline industry. United, Northwest and Delta have all taxied down the Chapter 11 [...]
You tried every possible way to avoid it, but you finally decided that you had no choice–you filed a bankruptcy. But you want to continue to pay some creditors, like your house payment and your car payment. But when you go to make a payment online, or set up a bank draft, you find that [...]
If you are thinking about filing bankruptcy, possibly the most important decision you’ll make will be which attorney to hire to represent you in that bankruptcy. Your bankruptcy attorney will guide your decision-making throughout the process, from whether to file bankruptcy at all, when to file, and what type of bankruptcy is available, and most [...]
So far this morning, I’ve gotten two calls from clients who received suit papers over the weekend. Credit card companies (or the debt buyers who bought the accounts) have filed civil suits in state court, seeking a judgment for the amount owed. One of the suits was accompanied by a letter from the law firm [...]
