How do you know if you should file for Chapter 11 bankruptcy, rather than say Chapter 7 or Chapter 13 bankruptcy? I’ve worked for over 30 years as a bankruptcy lawyer in New York, and while Chapter 7 bankruptcy (aka liquidation) is by far the most common, and Chapter 13 bankruptcy (aka repayment plan) is …
Happy President’s Bankruptcy Day everyone! Did you know that both Thomas Jefferson and Abraham Lincoln dealt with bankruptcy? Not the national debt, but their own personal bankruptcy. Is this something we as Americans should be ashamed of? On the contrary, I think it shows off the strength and resilience of our country and our democratic …
Presidents and bankruptcy: Jefferson and Lincoln Read More »
Bankruptcy Bill has a unique post out today that lists the bankruptcy lawyer for each of the many celebrities who have filed for bankruptcy. And apparently I’m on the top of the list in its current form. While I appreciate the additional visibility for my own practice, I think “celebrity bankruptcies” underscore the fact that …
There’s a good post today titled “Dykstra Mansion on the Market for $14.9 Million” on the WSJ’s Bankruptcy Beat. A couple points worth noting about Dykstra’s approach to home care for a property he originally tried to sell for $25 million: “The home was littered throughout with empty beer bottles, trash, dog feces and urine …
Having trouble selling your home? Don’t do a Lenny Dykstra. Read More »
Foreclosure. Divorce. Child support. Business debts. Bad investments. The same things that led Bernie Kosar to need bankruptcy protection–first under Chapter 11 reorganization and then via a conversion to Chapter 7 liquidation–are what cause many other Americans to file for bankruptcy as well. Yet despite the number of bankruptcies filed by celebrities and other high …
Bernie Kosar bankruptcy offers lessons for average Americans facing bankruptcy Read More »
In light of my recent post on celebrity bankruptcies from the past decade, I thought it’s worth noting another recent celebrity bankruptcy filing: actor Barry Corbin. If you don’t know his name, you almost certainly know his face from roles in Lonesome Dove, Dallas, the Police Academy series, Urban Cowboy, Northern Exposure and appearances in …
Another celebrity bankruptcy: Actor Barry Corbin Read More »
I don’t usually re-post directly from other blogs. But I just came across a “Top 10 Celebrity Bankruptcies of the Decade” list on the TotalBankruptcy blog, and, in addition to being a good piece of research as well as a good read, I noticed that I’ve represented one of celebrities who made the list. So …
My connection to the Top 10 Celebrity Bankruptcies of the Decade Read More »
In the wake of Annie Leibovitz’s recent near-bankruptcy, I thought it might be worth taking a look at the current intersection of bankruptcy and the art world. 1. Starting with Annie Leibovitz, the media has been reporting that a recent Obama family photo portrait was done by Leibovitz right before she worked out a deal …
Bankruptcy Bill reveals how big firm bankruptcy lawyers employ the fantasy football concept for their own entertainment. Note: This cartoon is posted on NYBankruptcyNet with permission from the creators of Bankruptcy Bill. Click here to see larger version of image. Go to Bankruptcy Attorney Brooklyn NY to learn more about Rosenberg Musso & Weiner LLP and/or to …
Bankruptcy Bill and fantasy football…er, bankruptcy Read More »
You may have seen recent reports that Lenny Dykstra’s World Series ring was sold at auction to a Queens man for $56,000. And if you’ve been following the travails of Lenny Dykstra, or you’ve been reading previous posts on this blog (e.g., “Why Did Lenny Dykstra File for Chapter 11?” or “Dykstra Learns More About …
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