Time is the great equalizer. Nothing beats it, nothing escapes it, it is the Alpha and the Omega. Time is the greatest enemy to all of mankind, it is one of the few things that we cannot control and it will continue for all eternity. Time has worn down species, ...
Orlando, Florida Bankruptcy Law Blog
from the Attorneys of the Kramer Law Firm
The Comma
Published on August 4, 2010 by Steven D. Kramer
The tiniest of things in this world can have such a tremendous impact on our lives, impacts that we are blissfully unaware of or take for granted. We depend on car manufacturers to properly measure engine parts, so that pieces fit as they should, too tight and the engine blows ...
Published in Uncategorized
Wind It Up and Auction It Off
Published on June 18, 2010 by Steven D. Kramer
When big businesses are winding up there business operations after a bankruptcy, they often sell off their assets to pay back creditors. For most businesses this would include selling off things like desks, chairs, computers, and property, but for the Lehman Brothers they have some special items that need the ...
Published in Uncategorized
Should Student Loan Debt be Discharged in Bankruptcy?
Published on June 11, 2010 by Steven D. Kramer
Courts discharge credit card debt and even gambling debts, so why not student loan debt. Its a hot topic with Congress right now and there are many moving to change the bankruptcy rules to allow for the discharge of student loan debt.
There are two types of student loans federal ...
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The Unlikeliest Creditor
Published on June 4, 2010 by Steven D. Kramer
As previously posted on this blog, the Major League Baseball team, the Texas Rangers, were teetering on bankruptcy. Well, they stopped threatening to do it and actually did take the plunge into bankruptcy a few weeks ago.
They took the step of filing for bankruptcy in order to facilitate ...
Published in Uncategorized
The Name’s Bankruptcy. MGM Banruptcy
Published on May 21, 2010 by Steven D. Kramer
The home of James Bond and Hot Tub Time Machine, is in bad shape right now. MGM has been in some big time debt recently and has just asked for a fifth extension to pay back some of that debt. Its hard to imagine that the studio that can print ...
Published in Uncategorized
Debt Town
Published on May 14, 2010 by Steven D. Kramer
A new study is out that shows that the Orlando metro area ranks tenth in the nation for consumer debt. The average central Florida consumer carries an incredible $25,320 in debt, which is $541 more than the national average. This study included credit card debt, auto loans, and personal loans, ...
Published in Uncategorized
Major League Bankruptcy
Published on May 7, 2010 by Steven D. Kramer
There are some business that should be recession proof and that could even thrive in a tough economic environment. Usually those businesses include anybody associated with liquor sales, from the big multinational companies like Anheuser Busch to the small local watering hole, usually when people are down and times are ...
Published in Uncategorized
