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Bankruptcy Law, Credit, Debt Relief, Timothy Kingcade Posts

Former NBA star Antoine Walker Uses His Bankruptcy Expereince to Help Others

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Former NBA basketball star, Antoine Walker went from earning more than $108 million during his career to filing for bankruptcy, just two years after retirement. The former Miami Heat superstar believed his financial future was ensured; however, he learned otherwise after making a series of poor financial decisions. Now he hopes to help others avoid going down the same path he did.

Walker had gained early success, winning the NCAA basketball championship before he reached his twenties. After being drafted to play for the Boston Celtics 1996, Walker rose to basketball stardom. The three-time All-Star team winner and 2006 top pro player for the Miami Heat suddenly became a wealthy professional athlete, collecting over $108 million during his career.

Like many other young sports stars, Walker equated instant wealth to instant luxury.  Instead of thinking about the future, he bought fancy cars, lavish jewelry and expensive homes. Walker also helped an estimated 30 close friends and family members move to “better situations.”  He referred to it as an “open ATM throughout his career.”

In 2010, Walker filed for a Chapter 7 bankruptcy.  “I thought I was set for the rest of my life,” he stated in a CNN Money interview. “My story is sad. It’s sad to see other guys work so hard throughout their life — and then they just lose it in two or three years.”

Today, the 38-year-old is working to steer young athletes away from making the same mistakes. Teaming up with former NFL linebacker Bart Scott and Morgan Stanley Global Sports & Entertainment, Walker is sharing his life lessons with today’s young players. As Walker and Scott speak to younger athletes about these “real-life parables,” they hope to provide guidance for new generations.

Now out of bankruptcy, Walker is devoted to educating future sports stars to be financially smart. The upcoming documentary “Gone in an Instant,” focuses on his personal boom-to-bust tale. Walker’s best advice to young athletes is to get used to using the word “no” when dealing with friends and family, and focus on building for the future instead of the here and now.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

 

Source:

http://www.clickorlando.com/news/money/exnba-star-went-from-108-million-to-bankruptcy/34333450

 

Credit, Foreclosures, Timothy Kingcade Posts

Surviving Spouses Receive Assistance on Reverse Mortgages

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Reverse mortgage loans handled by the Department of Housing and Urban Development (HUD) are the most common type available, representing more than 90% of reverse mortgage loans in the United States. However, HUD’s rules and regulations regarding these loans have sparked much criticism and even lawsuits. The issue concerns spouses whose names are not included on reverse mortgage documents.

A reverse mortgage allows those who are 62 and older to withdraw funds against their home’s equity. The debt is not paid back until the borrower dies, moves, or sells the property. Many senior citizens have obtained a reverse mortgage only to discover that they could possibly lose their home upon the passing of their spouse.

This is exactly what happened to a Louisiana woman, when her husband passed away in January.  The 65-year-old widow was told by her mortgage company that she owed $107,000 for the principal, accrued interest and fees from the couple’s reverse mortgage on their home of 16 years. The woman was a “surviving spouse,” whose name did not appear on the reverse-mortgage note. Loan officers and representatives had assured the couple that she could remain in the home, if her husband passed away. Unfortunately, she was not protected as she had been led to believe. Instead, she was told to pay the money or her home would be foreclosed.

An estimated 12,000 other widows and widowers face similar circumstances because their name does not appear on the reverse mortgage note. Research has shown that in some cases, the loan broker offered a higher maximum mortgage to those who only had the older spouse on the note. In other cases, one spouse might not have reached the required borrower threshold age, therefore only one of the spouse’s names was placed on the note.

Fortunately, a recent federal policy shift may help surviving spouses in this situation. Up until last month, all non-borrower surviving spouses whose loans were issued before Aug. 4, 2014, were subject to payment demands, similar to the Louisiana woman’s case. On June 12, HUD changed its policy and advised loan servicers of an updated option. Instead of foreclosing on non-borrower surviving spouses, the loan would be assigned back to HUD, which would make a claim for monies owed against the agency’s FHA insurance fund.

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami foreclosure defense attorney Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Source: Kenneth Harney – The Washington Post

Bankruptcy Law, Credit, Debt Relief, Timothy Kingcade Posts

How Puerto Rico’s Bankruptcy Crisis Could Affect Florida

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Puerto Rico’s recent financial crisis has sparked a heated debate among Congress. More than $72 billion in debt, the island territory is ready to declare bankruptcy. However, our nation’s bankruptcy code currently does not allow Puerto Rico access to do so. In a recent statement, Puerto Rico’s governor Garcia Padilla stated that the commonwealth’s debt is far too much for them to handle and now Congress is under pressure to make a decision.

Lawmakers have been considering whether they should implement a legislative solution to allow Puerto Rico to declare bankruptcy. If Congress passes a new law to remedy this, advocates believe it will finally resolve a technical oversight from a 1984 update to the nation’s bankruptcy law. Apparently the update inadvertently excluded Puerto Rico. Since the law says nothing about Puerto Rico, it is currently unable to receive aid. Even though Puerto Rico is supposed to have the same ability as the states, lawmakers called it an “error.”

Puerto Rico’s Resident Commissioner Pedro Pierluisi (D), is working to build support for legislation, as well as Senators Chuck Schumer (D-N.Y.) and Richard Blumenthal (D-Conn.), who are also working to build support for similar legislation in the Senate. Former Florida Governor Jeb Bush (R) expressed support for the bankruptcy proposal when he visited Puerto Rico in April. Hillary Clinton also expressed her support for allowing Puerto Rico to declare bankruptcy. At this time, the path ahead is unclear but Pierluisi states that he hopes to see the bill move before Sept. 1, 2015.

Meanwhile, many investors oppose the possible change, fearing that they too might go bankrupt if the law does pass. Skeptics say that the law would put billions of investors’ dollars at risk across the country. Even with a granted bankruptcy, many feel this will not solve all of Puerto Rico’s financial problems. Puerto Rico’s financial troubles have been long standing, since the territory was hit hard by the global financial collapse of 2007. Since then, many Puerto Ricans have moved to the U.S. mainland, namely Florida, to seek better opportunities.

More than 2 million Puerto Ricans reside in Florida. These numbers continue to grow as Puerto Rico looses approximately 1% of its population every year as thousands migrate to Florida’s more robust economy. South Florida is one of Puerto Rico’s largest trade partners. As a result, millions of Puerto Ricans living and working in Florida are an important part of the economy on the island. Unfortunately, if Puerto Rico defaults, Florida’s economy will certainly be affected.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Sources:

http://thehill.com/policy/finance/246820-puerto-rican-debt-crisis-hits-congress

http://www.miaminewtimes.com/news/puerto-rico-is-broke-what-you-need-to-know-about-looming-bankruptcy-7718094

Bankruptcy Law, Credit, Debt Relief, Student Loans, Timothy Kingcade Posts

Private Student Loans May Prove Too Risky for Students

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When we think of student loans, we often think of federal loans offered by the government. However, private student loans are another type of loan that students should be wary of. Private loans, which have been termed as the “Wild West” of student borrowing, represent a potentially dangerous trap for consumers. These make up a significant yet often overlooked part of the nation’s $1.2 trillion of student loan debt. Approximately $150 billion of U.S. student debt comes in the form of private loans, which can be issued by banks and directly from schools.

According to a recent investigation by the Miami Herald, many students attending for-profit colleges claimed to have been lied to and lured into enrolling in their school’s loan program. Interestingly, many for-profit colleges were reported to have extremely high private loan default rates. Recently, the U.S. Secretary of Education unveiled the outline for a massive student loan forgiveness plan. The option will focus on the long-overlooked provision of federal law that allows borrowers to seek a clean slate if their school is guilty of misconduct.

According to financial aid experts, private loans should be utilized only as a last resort. Unlike federal student loans, private student loans:

  • Often demand their own separate monthly payments;
  • Have far less flexible repayment options;
  • Have extremely high interest rates;
  • Are NOT eligible for loan forgiveness programs;
  • Will NOT not be included in the newly introduced option, which allows relief from student loan debt if a student is defrauded by their college.

A predatory-lending lawsuit has been filed by the federal Consumer Financial Protection Bureau (CFPB), against ITT Technical Institute. Some of their private loans had interest rates as high as 16.25 percent, with an origination fee as high as 10 percent. While the college disputes the CFPB’s allegations of fraud, the U.S Securities and Exchange Commission sued ITT’s top executives last month. Allegedly, ITT tried to hide its high rate of private loan defaults from auditors and investors.

The American Student Financial Group (ASFG), which has helped administer Dade Medical College’s private loans, is also facing a lawsuit. Dade Medical College of Coral Gables had more than 2/3 of their students with private loans in default. One student was instructed to drop her monthly payments at the campus, only to later receive a “delinquent” letter from ASFG, stating that she was more than six months behind on her payments.

Students taking out private loans often do not realize that these are far riskier than federal loans. A report by the Consumer Financial Protection Bureau found that many borrowers who took out private loans had not maxed out on federal loans, which should always come first before private loans are even considered. Even though for-profit school default rates are nearly twice as high at non-profit schools, students still take out private loans. Some for-profit students complained that they were even pressured into taking out private loans they did not want.

Many colleges have convinced students to accept a “forbearance,” where the student temporarily postpones any payments, the past due balance is added to the loan principal, and the account is made current. Unfortunately, forbearance is a short-term solution that does not solve the larger issue of students who cannot afford to pay back their loans. It also increases the student’s total amount of debt because of accruing interest.

For borrowers who are struggling with student loan debt, relief options are available. Many student loan borrowers are unaware that they have rights and repayment options available to them, such as postponement of loan payments, reduction of payments or even a complete discharge of the debt. It is important you contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Source:

http://www.miamiherald.com/news/local/education/article25678696.html

 

Bankruptcy Law, Credit, Timothy Kingcade Posts

Four Habits that Contribute to a Poor Credit Score

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For consumers with less than average or poor credit, it is often difficult to obtain the necessities that can give us a comfortable living. For those with bad credit, it may be difficult to see what you might be doing wrong. Researchers have discovered that there are certain habits that consumers with lower credit scores tend to practice.

Below are some habits you should stop immediately:

1. Making Late Payments.

Payment history is one of the most important factors when determining one’s credit score. Late payments or missing payments will generate a severely negative impact on your credit score. Most lenders utilize the FICO credit score when they are assessing your risk as a potential borrower.

If you regularly fail to make payments on time, this can have a bad effect on your credit score; lowering it substantially. This can also stop you from being approved for certain lines of credit like an auto loan, mortgage loan, personal loan, or credit cards. Making payments on time is crucial to improving your credit. Missing even one payment can spiral out of control quickly, as late fees and interest charges accumulate. It can take up to seven years to remove defaults or delinquent payments (30 days or more past due) on your credit report.

2. Maxing out Your Card.

You should never max your your card. If you use credit to pay for things you are unable to afford, this is a bad habit that will ruin your credit score. Lenders will view you as a consumer with financial struggles and they will most likely decline your application for further credit.

This will also negatively affect your credit utilization ratio. Consumers with poor credit typically use more than 30% of their available credit, which is a bad habit to take on. By maxing out your credit cards, the utilization teeters near 100%, which will have a significantly negative impact on your credit score.

3. Applying for too much Credit.

Many consumers make the common mistake of applying for multiple lines of credit or credit cards. Each time you apply for a line of credit, a hard inquiry will reflect in your credit report. A hard credit inquiry is a negative mark against your credit, and it remains on your credit report for up to two years.

Credit inquiries do not carry a detrimental impact on credit scores, but applying for multiple credit cards or loans will notify lenders that you may have financial trouble. Before you apply for a new line of credit, first research your chances of being approved.

4. Not Utilizing Your Credit.

Having no credit is truly seen as worse than having bad credit. One cannot improve their credit if they do not have it. This may seem hard to believe but you are far less likely to obtain a lender if you have no credit to show for. The upside is that there are credit cards available to those with all credit types—even with no credit. They may require a deposit to get started but this will help you build the credit you need for the future.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Source:
http://www.huffingtonpost.com/comparecards/4-habits-of-consumers-wit_b_7613690.html

Bankruptcy Law, Credit, Timothy Kingcade Posts

Items you Should Avoid Buying with Your Credit Card

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For many consumers, credit cards are seen as tools that will only harm their credit. Oftentimes we forget that credit cards can be very beneficial and rewarding, when used correctly. By following some simple and valuable tips, you can successfully build your credit while conveniently improving your score. Below, we will look at some smarter ways to use our credit cards. This begins with recognizing certain items that you should NEVER purchase with your credit card.

Large Purchases

Having a credit card with a high credit limit does not mean you should exhaust that limit quickly. One of the biggest mistakes you can make is putting an extremely large purchase on your credit card. As you pay back this amount, you will also be paying an exorbitant amount of interest along with it.

If you miss a payment, you are subject to harsh penalties and this can put you further in debt, thus ruining your credit. This is known as the “Snowball Effect.” Instead, make small, semi-regular purchases and be sure to pay off the entire balance each month. This activity will reflect very positively on your credit score.

Hospital Bills

Never pay your medical bills with your credit card. Medical bills are expensive and paying them with your credit card will only add unnecessary interest fees to your bills. Credit card interest rates may range anywhere from 10% to 30%.

Instead, speak to the medical billing or collections department and ask about your options. Many hospitals and medical facilities can offer you a payment plan directly with them, which will often have much lower interest rates. Sometimes, dependent on your financial situation, you may even be eligible for a “write-off” where the bill is cleared and you may not need to pay it at all.

Student Expenses

Student debt is another expensive bill that should never be put on your credit card. Much like medical bills, student loan interest rates are significantly lower than the average credit card interest rate. Using credit cards to repay these expenses will only prolong the process and add extra interest fees to your balance. Some lenders also charge a “processing” or convenience fee to those paying with credit cards.

Instead, set money aside that you can use expressly toward your student loans. You could set up a bank account for monthly student loan deductions. There is also the option of an income-based repayment (IBR) plan, where if you qualify, your student loan payments will be recalculated based on your income and family size. If you are facing financial hardship, are enrolled in further schooling or the military, you may be eligible for deferment or forbearance. You can also find out if loan forgiveness is an option for you as well.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Source:
http://time.com/money/3929085/credit-card-hospital-bills-student-loans-online-shopping/?xid=gonewsedit

Bankruptcy Law, Credit, Debt Relief, Timothy Kingcade Posts

Timothy S. Kingcade Featured in Attorney at Law Magazine!

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Miami bankruptcy attorney Timothy S. Kingcade is featured on the homepage of Attorney at Law Magazine (Miami edition) this week for being recognized as a Florida Super Lawyer 2015 in the area of consumer bankruptcy law. Super Lawyers represents the top 5% of Florida lawyers who have attained a high degree of peer recognition and professional achievement.

Read all about it at http://www.attorneyatlawmagazine.com/miami/miami-bankruptcy-attorney-timothy-s-kingcade-named-2015-florida-super-lawyers-list/!

Super Lawyers is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result is a credible, comprehensive and diverse listing of exceptional attorneys, representing the top five percent of attorneys in each state.

Timothy S. Kingcade founded the law firm of Kingcade & Garcia, P.A., in 1996. Today, he and his firm handle more than one thousand bankruptcy filings each year. As Managing Shareholder of Kingcade & Garcia, P.A., Timothy and his firm represent clients throughout the State of Florida in Chapter 7 bankruptcy, foreclosure defense and personal injury claims. To compliment Attorney Kingcade’s extensive legal experience, he is also a certified public accountant (CPA), which provides him with a unique understanding of how to handle tax-motivated bankruptcy cases against the IRS.

For more information, visit http://www.miamibankruptcy.com.

 

Bankruptcy Law, Credit, Timothy Kingcade Posts

Miami Bankruptcy Attorney Timothy S. Kingcade Named to the 2015 Florida Super Lawyers List

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Managing Shareholder, Timothy S. Kingcade of the Miami-based bankruptcy and foreclosure defense law firm of Kingcade & Garcia, P.A. (www.miamibankruptcy.com) has recently been listed in Florida Super Lawyers 2015 in the area of consumer bankruptcy law.  Super Lawyers represents the top 5% of Florida lawyers who have attained a high degree of peer recognition and professional achievement.

Super Lawyers is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area.  The result is a credible, comprehensive and diverse listing of exceptional attorneys, representing the top five percent of attorneys in each state.

Timothy S. Kingcade founded the law firm of Kingcade & Garcia, P.A., in 1996. Today, he and his firm handle more than one thousand bankruptcy filings each year. As Managing Shareholder of Kingcade & Garcia, P.A., Timothy and his firm represent clients throughout the State of Florida in Chapter 7 bankruptcy, foreclosure defense, personal injury and PIP claims. To compliment Attorney Kingcade’s extensive legal experience, he is also a certified public accountant (CPA), which provides him with a unique understanding of how to handle tax-motivated bankruptcy cases against the IRS.

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Miami-based Kingcade & Garcia, P.A. was established by managing partner and attorney, Timothy S. Kingcade in 1996. The firm represents clients throughout the State of Florida in Chapter 7 bankruptcy, foreclosure defense, personal injury and PIP claims. The firm is committed to providing personalized service to each and every client. The office environment and the service provided are centered on a culture of superior client care. Additionally, all attorneys and staff members at the firm are bilingual speaking Spanish.

Bankruptcy Law, Credit, Timothy Kingcade Posts

Shedding Light on Payday Loan Dangers

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With payday loan stores so prevalent, the options for consumers seem endless. Today, consumer advocates are becoming more concerned with the real dangers surrounding these payday loans. High interest loans and scam loans are a growing problem that many consumers are still not fully aware of and experts claim that this risk goes beyond the normal cycle of debt associated with payday loans. Randy Hutchinson, the president of the Better Business Bureau, discussed the growing dangers of payday loans not only at the traditional walk-in stores but online as well.

According to experts, online payday loans often appear to be more convenient and discreet when in fact these have serious  risks that consumers must carefully consider. A major part of the problem is that consumers do not truly know who they are giving their information to and if the said company is even genuine. Furthermore, the online company may not even be licensed to conduct business in the state you live in.

A recent report by the Howard University Center on Race and Wealth revealed that 12 million Americans in lower income areas use payday loans annually, with an approximate average of 8 payday loans a year. These loans originally cost $375 on average, yet rack up nearly $520 in interest charges.

In Florida, storefront payday loan locations were far more common in lower income neighborhoods. The report also revealed that of the 1,277 pay day loan stores operating in Florida in 2014, more than 1,000 were located in communities with annual incomes falling between $30,000 and $40,000.

Recently, a Florida based company was shut down by the Federal Trade Commission for falsely offering payday loans to customers when in reality they were stealing their money, with no intention of providing a loan of any sort.

Whether you choose to apply for a payday loan either online or at a store front location, experts urge consumers to be careful, fully understand the associated fees and risks, and thoroughly check out the company before doing business with them.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Sources: http://wreg.com/2014/10/13/avoid-online-payday-loan-scams/

http://consumerist.com/2015/01/30/report-spotlights-impact-of-payday-lenders-on-most-vulnerable-communities/

Bankruptcy Law, Credit, Timothy Kingcade Posts

Bankruptcy case could result in hundreds being left without water

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A New Mexico grandmother, known as “the water lady” provides much needed water to hundreds of residents in the southeastern corner of the Navaho Nation, who lack an adequate water source. After visiting a well located at the St. Bonaventure Indian Mission and School, she fills up the 4,000-gallon water tank on her sturdy Chevrolet truck and spends the next 7 hours delivering this precious commodity to residents in need.

“These people really depend on the water truck,” she said tearfully. “That’s why I love my job.”

People in the area are concerned about a bankruptcy case filed by the Diocese of Gallup that has involved the St. Bonaventure Indian Mission and School. This year, a judge has approved plans to appraise several properties, including the 40 acres of land in St. Bonaventure, in an effort to cover bankruptcy reorganization costs.

According to court records, St. Bonaventure is viewed as one of the “key properties” considered for lien, liquidation or other uses. The school’s executive director said, “Depending on where this goes, we could lose the mission and the school.”

Mission property includes the well that offers the only free water source for hundreds of families.  Besides the mission, a 60-mile drive to Gallup offers the nearest source of drinkable water and users must pay a fee for the water.  The school has 65 employees and 215 enrolled students from pre-kindergarten to eighth grade. Mediation has been scheduled this week to discuss St. Bonaventure’s fate.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

 

Sources http://www.abqjournal.com/592273/news/bankruptcy-case-could-leave-hundreds-with-no-water.html