Articles Posted in Florida Homestead Exemption

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Filling a Chapter 7 Bankruptcy petition can be complex, but the attorneys at Savage Villoch Law, PLLC are equipped to ease the burden and guide you through the process with care.

As we’ve previously covered in our chapter 7 bankruptcy blog series, determining chapter 7 eligibility can be complicated in itself, as can properly balancing the benefits and drawbacks unique to your circumstances.  Advice from trusted, experienced legal counsel can help you smoothly navigate these obstacles and ensure you get the relief you deserve as quickly as possible.

Once you have made these crucial pre-filing decisions, Savage Villoch Law can also assist you through the process of filing your Chapter 7 Bankruptcy petition. This petition will be filed in your local bankruptcy court and consists of several Official Bankruptcy Forms which detail information such as your current assets and liabilities, a record of your current income and expenditures, a statement of your financial affairs, and any open contracts or unexpired leases.

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By Alfred Villoch, III, at Savage, Combs & Villoch, PLLC

Today, the Wall Street Journal ran an article entitled “A Maze of Paper. SEC Judgment against Raider Paul Bilzerian: $62 Million. Collected: $3.7 Million.”  In the article, Michael Rothfeld and Brad Reagan write how Paul Bilzerian was a corporate raider in the 1980s who victimized investors, parked stocks in other people’s names, and failed to make disclosures of his interest in other companies, to name a few things.  Due to this fraud, Rothfeld and Reagan explain how the U.S. Securities & Exchange Commision (“SEC”) obtained federal court orders for Mr. Bilzerian to pay a whopping $62 million as penalties, but was able to collect only $3.7 million from him.

The WSJ article explores a few methods that Bilzerian used to thwart the SEC’s collection efforts, including moving to another country, but the article touched on one maneuver in particular that is dear to Floridians’ hearts: Bilzerian’s move to Florida to purchase land and build a 28,000-square-foot mansion.

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