SMALL BUSINESS CHAPTER 11 FOR 2019 A recent Bloomberg article revealed a potential dramatic change for small business chapter 11 cases starting in 2019. The complete article is below with the link to the story. Currently, Chapter 11 is a time consuming, needlessly expensive proposition for small businesses. The additional administrative costs and burdens of […]
Continue reading...RENTAL THEFT – A GROWING ISSUE IN CONSUMER BANKRUPTCY
RENTAL THEFT – A GROWING ISSUE IN CONSUMER BANKRUTPCY I recently have begun to notice a growing trend in consumer financing: leasing small personal property items such as beds, sofas, toys and other items normally financed as a sale. As the trend became more common, I began to wonder why such finance arrangements were suddenly […]
Continue reading...WHAT CAUSES DIVORCE AND BANKRUPTCY? – PART TWO
DIVORCE AND BANKRUPTCY – PART TWO I recently wrote a blog examining the impact of divorce on productivity and the tendency of divorced individuals to file for bankruptcy. That blog link is here: https://planlaw.com/causes-bankruptcy-big-three/ Now it’s time to examine the prior period of time – the time period prior to the divorce and see if […]
Continue reading...BANKRUPTCY AND OLDER AMERICANS
OLDER AMERICANS GREATLY INCREASING BANKRUPTCY FILINGS A recent New York Times article highlighted an area of concern in bankruptcy that our office has been seeing for many years – older individuals filing bankruptcy at a greatly increased rate: https://www.nytimes.com/2018/08/05/business/bankruptcy-older-americans.html?rref=collection%2Ftimestopic%2FBankruptcies&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection As in the article, our office has been seeing an increasing number of older bankruptcy filers. […]
Continue reading...CAUSES OF BANKRUPTCY – THE BIG THREE
CAUSES OF FILING BANKRUPTCY – THE BIG THREE The reason most people file bankruptcy is really very simple – too much debt and not enough money. But that overly simplistic explanation is not the entire story. Based on my past research in this area, bankruptcy filings are tied closely to the level of consumer debt. […]
Continue reading...Taylor King named Super Lawyers Rising Star 2018
For the second consecutive year, Taylor King has been selected to the Super Lawyers Florida Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers, a Thomson Reuters business, is a rating service of outstanding […]
Continue reading...HOME EQUITY SECOND MORTGAGES – TAX REFORM CHANGES AND BANKRUPTCY
The new tax reform law passed by Congress in 2017 continues to offer new surprises in a variety of areas. For instance, mortgage interest is still deductible – Right? The answer is a qualified “probably for the first mortgage, but not a second”. As discussed in the below linked article, the new tax law suspends […]
Continue reading...TITLE PAWNS AND CHAPTER 13 BANKRUPTCY- NO REDEEMING QUALITIES
TITLE PAWN AND BANKRUPTCY – NO REDEEMING QUALITIES When I first started practicing bankruptcy law over 20 years ago, title pawns were a fast growing, very lucrative business in Florida. Then in the year 2000, the Florida Legislature adopted a title loan statute to get the industry under some type of regulatory structure. Gone were […]
Continue reading...CURRENT BANKRUPTCY NEWS – JANUARY 2018
CURRENT BANKRUPTCY NEWS – JANUARY 2018 Several articles recently highlighted the deepening sense of financial pain being felt by middle class and working class Americans. Below are some of the recent bankruptcy related news stories for January of 2018 and how these trends may affect bankruptcy filings in the future. Hurricane mortgage woes continue to […]
Continue reading...BANKRUPTCY PREDICTIONS FOR 2018: CONSUMER CREDIT NEARLY BACK TO PRE-RECESSION LEVELS
BANKRUPTCY PREDICTIONS FOR 2018: CONSUMER CREDIT NEARLY BACK TO PRE-RECESSION LEVELS Each year our office looks at the coming trends for consumer bankruptcy to figure out if bankruptcy filings are on the rise of will continue to fall. Based on my past research in this area, bankruptcy filings are tied closely to the level of […]
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