Georgia Bankruptcy Blog

Georgia Bankruptcy Blog

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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

Atlanta Turnaround Management Association Seminars

The Atlanta Turnaround Management Association presents…   A Series of Interdisciplinary Educational Programs For Lenders, Attorneys, Turnaround Consultants, Investment Bankers and other Professionals   When: June 3, 9, 16 and 23, 2009, from 6:00 to 8:15 p.m. (including refreshment and networking break) WHERE: Grand Hyatt Atlanta in Buckhead 3300 Peachtree Road NE, Atlanta, Georgia, USA30305… Continue Reading

Bankruptcy Seminar and Pollard Award Luncheon on May 21, 2009

Bankruptcy Seminar and Pollard Award Luncheon honoring Harry W. Pettigrew May 21, 2009 Register now for the annual Spring Bankruptcy Seminar, followed by the Section’s annual year-end luncheon and the presentation of the David Pollard Award to Harry W. Pettigrew Pettigrew & Associates, P.C. to be presented by J. Michael Lamberth, Lamberth, Cifelli, Stokes, Ellis… Continue Reading

Omni National Bank Becomes 10th Georgia Bank Failure

Omni National Bank was seized by the FDIC today, becoming the tenth Georgia bank failure in the last few months. Click here for NASDAQ announcement.  Update – The FDIC has issued its release (click here). SunTrust will receive the insured deposits. Omni National Bank, Atlanta, Georgia, was closed today by the Office of the Comptroller of… Continue Reading

Atlanta Bar Association Elections

If you are member of the Atlanta Bar Association, you  received an email about the upcoming elections (click here for the elections information page).    I am a candidate this year for the Members at Large Board of the Atlanta Bar Bankruptcy Section.  My reasons for running in the election are quite simple – get… Continue Reading

Record Number Of Georgia Foreclosures Scheduled For April

The Atlanta Journal has an article about the record number of foreclosures scheduled for April in Georgia.   The foreclosure problem in metro Atlanta appears to be worsening. More than 10,000 lender-owned properties are scheduled to be sold on courthouse steps next month, according to EquityDepot.net, which tracks foreclosures. The 10,138 figure for 13 counties shatters… Continue Reading

Theme Parks Suffering With Economy? Six Flags May Be Filing Chapter 11 Bankruptcy And Ghost Town Already Has

Six Flags Theme Parks, which includes Six Flags Over Georgia, Six Flags White Water, and American Adventures parks in the Atlanta area, is experience significant financial difficulties and there is speculation that a Chapter 11 Bankruptcy filing might be in its future. From the Associated Press: Shares of Six Flags Inc. fell in premarket trading… Continue Reading

House Considers Changes To Chapter 11 To Help Major Retailers

 From the Wall Street Journal Bankruptcy Beat – The House Judiciary Committee’s Subcommittee on Commercial and Administrative Law is holding a hearing this afternoon on the collapse of Circuit City and how recent changes to the Bankruptcy Code may be hurting the ability of companies to restructure under court protection. Several of the bankruptcy experts… Continue Reading

Upcoming Seminar – Bankruptcy Law and Litigation

The National Business Institute is sponsoring a seminar on May 13, 2009 on Bankruptcy Law and Litigation (click here for information). I will be speaking on the exciting topic of automatic stay litigation.  Other topics and speakers are: GETTING STARTED WITH YOUR BANKRUPTCY CASE 9:00 – 10:00, Paul Burke O’Hearn  INTRODUCTION TO THE BANKRUPTCY CODE AND… Continue Reading

Seventh Georgia Bank Fails – FirstBank Financial Services Seized By FDIC, Taken Over By Regions Bank

McDonough-based FirstBank Financial Services was seized by the Federal Deposit Insurance Corp. today, and the bank was taken over by Regions Bank.  From the Atlanta Business Chronicle: Walt Moeling, Bryan Cave Powell Goldstein LLP banking attorney and counsel for the bank, said the failure was due to a combination of market forces and over-concentration in… Continue Reading

Wall Street Journal Launches Bankruptcy Blog

The Wall Street Journal has launched the Bankruptcy Beat, which you can access by clicking here.  This Blog joins other related blogs by the Journal, including the WSJ Law Blog,  The Wallet, a personal finance blog, and Deal Journal. In a recent post, the Bankruptcy Beat  discusses the Chapter 7 case of Georgia School Superintendent Kathy… Continue Reading