Recent Blog Posts

Toni Braxton Files for Bankruptcy

Knoxville Bankruptcy Lawyer — Fri, 22 Oct 2010 19:00:00 GMT

Toni Braxton recently filed for bankruptcy again, under Chapter 7 of the U.S. Bankruptcy Code. This marks the second time the 43 year-old singer has filed for bankruptcy. The first time was back in 1998. For her current Chapter 7 filing, the singer’s assets are listed between $1-10 million and her debt between $10-50 million.

Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay off creditors. This means that Ms. Braxton and other debtors who choose this form of bankruptcy may face the surrender of particular assets or property to the bankruptcy court, where they will be sold to pay off creditors. According to your state’s particular bankruptcy exemptions, however, some property will be protected from liquidation.

If you are overwhelmed with debt and are considering your options in seeking debt relief through bankruptcy, it is important to review your options. At Saffa Law Group, we help debtors throughout the Knoxville area who are overwhelmed with debt and feel they have nowhere to turn. We offer a free, confidential consultation to talk to you about what you are going through and how we can help. If bankruptcy is the right choice for you, we can protect your rights through this process to help ensure you can experience the fresh financial start you are looking for.

Contact a Knoxville Bankruptcy Lawyer at our law firm today to discuss your case.

Ex-Kaye Scholer Partner Facing Bankruptcy Fraud Allegations

Saffa Law Group — Fri, 15 Oct 2010 18:45:00 GMT

Stephen Garcia, a former partner of Kaye Scholer, was indicted for bankruptcy fraud for allegedly failing to disclose involvement with a major creditor before he left the firm back in 2005. Mr. Garcia represented Geneva Steel Holdings Corp. in a Chapter 11 bankruptcy case while he allegedly had a considerable involvement with Albert Fried & Co., one of the company’s major creditors. Mr. Garcia denies these allegations.

Bankruptcy fraud charges are a serious matter. Whether you are an individual, small business or large corporation, ensuring that your bankruptcy petition is properly filed and your legal rights protected throughout the bankruptcy process will be an important part not only of ensuring the successful elimination of your debt but also of avoiding fraud or misrepresentation of any kind.

At Saffa Law Group, we are committed to the skilled representation of debtors throughout the Knoxville area who are considering filing for bankruptcy. We can help you determine whether to file and can competently handle your case to help you avoid any actions that may be seen as fraudulent.

For a free initial consultation and to learn more about our services, contact a Knoxville Bankruptcy Attorney at our offices today.

Welcome to our Knoxville Bankruptcy Blog

Knoxville Bankruptcy Attorney — Wed, 17 Mar 2010 01:04:00 GMT

Our attorneys are pleased to announce the launch of our bankruptcy blog with an RSS feed available.