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
The Georgia Bankruptcy Blog, published by The Law Office of Scott B. Riddle, focuses on bankruptcy law and related litigation in Georgia. It covers topics such as Chapter 7, Chapter 11, Chapter 12, and Chapter 13 bankruptcy cases, including issues like discharge complaints, exemptions, cramdowns, and bankruptcy litigation. The blog also addresses business and commercial litigation, real estate and construction disputes, and legal interpretations of bankruptcy statutes and court rulings within the Eleventh Circuit and Georgia state law. It provides updates on case law, procedural rules, and practical implications for individuals and businesses involved in bankruptcy and related legal matters.
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…
Several Chapter 11 cases were filed in the Northern District of Georgia in November and December 2009, through foreclosure day in December. Rachel Tobin Ramos has an article in the Atlanta Journal Constitution about the Chapter 11 filing of local retail chain…
On December 1, 2009, several amendments to the Federal Rules of Bankruptcy Procedure will take effect. You can see the Public Notice by clicking here. Please note that several time periods are shortened under the new Rules. A summary of…
Suntrust Bank v. Global One, L.L.C. (In re Global One, L.L.C), 411 B.R. 524 (Bankr. S.D. Ga. July 21, 2009). SunTrust sought relief from stay on the grounds that the value of the real property ($460,000) was far less than…
In re Coachworks Holdings, Inc., Ch. 11 Case No. 09-51096, 2009 Bankr. LEXIS 3369 (Bankr. M.D. Ga. Oct. 16, 2009). Movant filed a motion for relief to pursue employment claims against the debtor and non-debtor parties. Debtor opposed, contending the…
Foreclosure Day in Georgia was yesterday, November 4, 2009. Below are the Chapter 11 cases filed over the last few weeks.
Case No.
Related Case Info
Ch
Party Info
Dates
Other Info
09-86091-crm
11
Atlanta Rug Gallery, Inc. and
…
In re Baugh, Ch. 7 Case No. 07-30838 (Bankr. M.D. Ga. September 17, 2009)(J. Walker). A petition preparer was sanction pursuant to section 110 of the Code. The Court found that the preparer violated the Code by failing to provide…
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…
Triad Senior Living communities filed several related Chapter 11 cases in the Newnan Division of the Northern District of Georgia.
Case No.
Related Case Info
Ch
Party Info
Judge
Trustee
Dates
09-13383-whd
11
Triad at LaGrange I, LLC
Drake
…
Spa Sydell, the well-known day spa in Atlanta, filed a Chapter 11 bankruptcy petition in Atlanta on September 3, 2009. In re Sydell, Inc., Ch. 11 Case No. 09-83407-crm (click here to download 117 page petition). Not only…