Today's baseball news seems to be surrounding the Los Angeles Dodgers and their owner's filing of Chapter 11 bankruptcy. The goal of the Dodgers is not to fold and end as a franchise, but to buy time from what they consider to be a hostile overreaching from Major League Baseball. The Dodgers are valued at approximately $800 million, with assets estimated at $1 billion, and debts at approximately $500 million. For those that follow baseball, and are interested in the plight of the Dodgers, their largest creditor as far as baseball personnel is Manny Ramirez. Mr. Ramirez no longer plays for the Dodgers, but is still owed $21 million. Aren't the Giants fans glad that he did not choose the Bay Area....???
It sounds like it will be an interesting summer in Dodgerland. I still am hurt from the Kirk Gibson home run in 1988, so I am not too sad about their case.
As related to consumers, we run across many individuals that simply need time to figure out some issues with their debts. This may be based on a foreclosure, bank levy, car repossession, or a lawsuit. Bankruptcy's automatic stay can help those in such a need.
For more information on the automatic stay, or other bankruptcy related questions, please call the Henshaw Law Office today at (408) 533-1075.
No comments:
Post a Comment