Georgia Bankruptcy Blog

Georgia Bankruptcy Blog

Category Archives: News and Comments

Subscribe to News and Comments RSS Feed

The Emergency in Haiti: Can You Help?

I rarely go off-topic in this Blog, and have not used it to promote personal causes, but I am compelled to add this note about Haiti.  I just returned this past Thursday from my second trip to Haiti this year. Most of the trip was spent in the community of Bohoc, Haiti which is about… Continue Reading

Atlanta Bar Bankruptcy Section Meet & Greet Happy Hour

 Wednesday, October 6, 2010 – 5:30 pm  Meet and greet Judge Wendy Hageanu, recently appointed Bankruptcy Judge for N.D. GA. and toast the 5th anniversary of surviving BAPCPA. Location: No Mas! Cantina 180 Walker Street Atlanta, GA 30313 404.574.5678 Cost: Section Member –  $10 Non-Section Member – $20 FREE for non-members who join the Bankruptcy… Continue Reading

Southeastern Bankruptcy Law Seminar 2010

v:* {behavior:url(#default#VML);} o:* {behavior:url(#default#VML);} w:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:”Times New Roman”; mso-bidi-theme-font:minor-bidi;}   THIRTY-SIXTH ANNUAL SEMINAR March… Continue Reading

Individual Liability For Unpaid Federal Withholding Taxes

It is not uncommon for financially distressed businesses to get behind on payroll taxes, especially when the company does not have a payroll service that handles the payment of all taxes and automatically deducts the full amount from the company’s bank accounts.  Chapter 11 cases often have significant unpaid payroll taxes scheduled as a priority… Continue Reading

Georgia Personal Bankruptcies Rise In 2009

Carrie Teegardin of the Atlanta Journal published a story yesterday about the rising rate of personal bankruptcy cases in Georgia for 2009.  Click here for the story.  It certainly is not a surprise that the numbers are rising, given the significant drop-off after the 2005 amendments and the general state of the economy.  According to… Continue Reading

Three More Georgia Banks Fail

Yesterday, Friday December 4, 2009, three more Georgia Banks failed.  This makes a total of 24 failed banks in Georgia for 2009, and 29 failures since August 2008.  The latest victims are: 1.  Buckhead Community Bank was seized and sold by the FDIC to State Bank & Trust. 2.  First Security National Bank of Norcross was… Continue Reading

When Are 529 Educational Funds Property Of The Bankruptcy Estate?

Section 529 Plans are tax advantaged savings plans intended to encourage saving for future college costs. There are two types of qualified tuition programs: a prepaid tuition plan or a college savings plan They are authorized under Section 529 of the Internal Revenue Code (26 U.S.C. § 529).  Click here for a basic summary of 529 Plans. Are… Continue Reading

Protecting IP Rights From A Licensor’s Bankruptcy

I was recently asked to look into a Chapter 11 case by a company that licensed software to the debtor company.  The client had a significant pre-petition debt, and was not being timely paid in the Chapter 11 even though the debtor (a very large technology company) continued to use the software.  Coincidentally, Bob Eisenbach… Continue Reading

Business Bankruptcies Rise 40% In May

According to an article in Reuters, business bankruptcy cases rose more than 40% over the same period in 2008. There were 7,514 commercial bankruptcy filings for the month, compared with just 5,354 during the same month a year ago, according to Automated Access to Court Electronic Records (AACER), a database of U.S. bankruptcy statistics used… Continue Reading

Wills, Trusts , Probate, and Elder Care Lawyer in Decatur and Atlanta, Georgia — Law Office of Luanne M. Bonnie

My friend Luanne Bonnie has opened a solo practice in downtown Decatur, Georgia, specializing in wills, trusts, estates, probate and elder care. The office will serve the Decatur and metro- Atlanta areas. Luanne was formerly a partner in a large Southeast firm. You can find out more information at her website, www.bonnielaw.com. Luanne has plans… Continue Reading

Another County Faces Loss Of School Accreditation, And Potentially Severe Financial Repurcussions

While only indirectly related to Georgia or bankruptcy, it appears another county school system is going down the same road as Clayton County, Georgia.  The Burke County Board of Education in neighboring North Carolina has received a notice from Southern Association of Colleges and Schools Council on Accreditation and School Improvement (SACS CASI) (based in… Continue Reading