Bad Choices in Investments Lead to Bankruptcy in New York

On January 31, 2011, reported in “NFL Players Gone Bankrupt” that dozens of football players can’t seem to manage their millions. Despite their median $900,000 annual salaries, an estimated 80% of NFL players squander their fortunes in the years following their retirement. In 2010, former Pittsburgh Steeler lineman Dermontti Dawson filed bankruptcy, along with […]

Harry & David Holdings, Inc. in Bankruptcy

Reuters in New York reported in “Harry & David in bankruptcy as gift sales fall” on March 28, 2011 that Harry & David Holdings Inc, the Oregon based mail-order gourmet food company, filed Chapter 11 bankruptcy in March 2011.  The weak economy has led consumers and businesses to cut spending on fruit baskets.  Harry & […]

Do Not Hide Assets When In Bankruptcy

The reported on November 26 2010, that “Real Housewives of New York” star Sonja Morgan filed for bankruptcy protection in Manhattan. According to the news article, Morgan listed $19.8 million in debt and $13.5 million in assets on her bankruptcy petition. She blamed her money troubles on a failed venture with Hannibal Pictures Inc. […]

Manhattan Bankruptcy Attorney Stephen B. Kass Filed TriBeCa Amish Market Bankruptcy Case

New York, New York – February 23, 2011 – Manhattan bankruptcy lawyer Stephen Kass, Esq. announced today the recent settlement of a major Chapter 11 bankruptcy. According to the Crain’s New York article: “The Amish Market grocery store at 53 Park Place in TriBeCa filed for Chapter 11 bankruptcy protection on Tuesday. One of four Amish […]