Improved Bankruptcy Rate in Middle Pennsylvania
During the recession many people struggled financially and some had to turn to bankruptcy for relief from their debt. In Middle Pennsylvania, the bankruptcy rate this year has been lower than last year and has a possibility to end lower than prior to the recession. Many people have become more careful with their money.
Here is more from a The Times-tribune affiliate:
New case filings in U.S. Bankruptcy Court for the Middle District of Pennsylvania decreased by 14.7 percent through the first three-quarters of the year, compared to the same 2011 period. Filings in the court’s Wilkes-Barre office decreased by 12.3 percent during the same period, court data show.
“The economy as a whole has stabilized and people are getting back on track with their income and job situations,” said Mark Conway, a Dunmore lawyer and bankruptcy trustee. “Consumers are behaving more responsibly and so are the lenders. They are not providing large credit card balances to people who can’t afford it. ”
Filings through September mark the seventh straight quarterly decrease in new bankruptcy filings in the court’s 33-county area. Even though new cases are on pace to top 7,900 for the year in the district, it would be the lowest total since 2007 – the year before a devastating recession took hold. Continue reading…
Bankruptcy Filed by Back Yard Burgers
Back Yard Burgers, a fast food burger restaurant, has filed for chapter 11 bankruptcy. After a merger in 2007, the company identified and closed their low performing locations. The company plans to evaluate their underperforming locations again.
Here is more from a Bloomberg affiliate:
In 2007, Back Yard Burgers merged with BBAC Merger Sub Inc., a unit of BBAC LLC, in a transaction valued at about $38 million.
“Like any company in this challenging economy, we had to make the difficult decision to close underperforming locations in order to focus our resources and vision for the future on the rest of the business,” Boyd said. The company said a review of all the company’s more than 40 restaurants resulted in the closing of 19 company-owned locations.
The bankruptcy petition was filed by Dennis Meloro, an attorney at Greenberg Traurig LLP in Wilmington. Continue reading…
Visit us online at http://sextonandwykoff.com/practice-areas/workers-compensation/ for information about Chapter 7 Bankruptcy.
Workers Compensation Fraud Case Ends in No Contest Plea
A janitor or a high school has changed her plea in a workers compensation fraud case from not guilty to no contest. The plea will prevent her from serving time in a stat facility. She was caught on video wearing high heels and shortly after using crutches and limping to her doctor’s appointment.
Here is more from a Mercury News affiliate:
A 29-year-old former Woodside High School custodian has pleaded no contest to allegations that she collected disability pay for a claimed workplace ankle injury until caught on video running in heels and doing sexual acts in public.
Hayward resident Modupe Adunni Martin switched her previous plea of not guilty to no contest Wednesday, days before her trial on charges of workers compensation fraud was scheduled to begin.
Martin first reported an injury in February 2009, and in the ensuing months limped into doctors’ offices on crutches saying she could not walk, according to San Mateo County District Attorney Steve Wagstaffe. Continue reading…