The first new public park to be made in New Orleans in the last 20 years is underway after a film production company went bankrupt, leaving the Trust for Public Land to bid for it. The park-building project is expected to cost approximately $3.8 million and it will be 18 acres large. The park is being built along the Lafitte Corridor in the Mid-City neighborhood of New Orleans. A community development block grant is funding the build.
The Louisiana Institute of Film Technology went bankrupt after the man who headed the organization was sentenced to five years in prison starting in April. He was sentenced for allegedly being involved in a scheme to bribe the former Louisiana film commissioner in exchange for movie tax credits. The property was purchased by the Trust for Public land after bankruptcy proceedings concluded.
If you are considering filing your company for bankruptcy, trust the competent and professional New Orleans bankruptcy attorneys of the Law Offices of the Law Office of David D. Kervin, Jr., L.L.C. Contact them by calling 504-599-5906 today.
Garlock Sealing Technologies, LLC, filed for Chapter 11 bankruptcy protection Saturday. According to court reports, the industrial gaskets and sealing systems company filed for bankruptcy in a North Carolina court.
Garlock apparently was forced into bankruptcy because of a number of asbestos-related personal injury lawsuits. Bankruptcy protection may give the company the opportunity to handle its lawsuits and obligations owed to creditors.
If your company is considering filing for bankruptcy, contact the New Orleans bankruptcy attorneys of the Law Office of David D. Kervin, Jr., at 504-599-5906.
The number of personal bankruptcy filings decreased in May. According to information compiled by the National Bankruptcy Research Center, personal bankruptcies totaled 136,142 last month.
While personal bankruptcies declined 6% from last month, they were 9% greater than the number of filings in May 2009. Many of the personal bankruptcy filings are likely due to the poor economic conditions and the high unemployment.
If you are considering filing for bankruptcy, contact the New Orleans personal bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906.
