Sports can be a profitable business in which to be if one makes the right decisions. However, just like in a sporting event, in business things do not always work out as planned in Florida or in any other state. One former sports franchise owner found this out recently when he experienced some financial challenges possibly related to his involvement in the sporting industry. He has recently filed for a Chapter 7 bankruptcy in order to obtain relief from debt.
Getting rid of debt is usually a process that takes some time. In most cases, you have to work to get your balances down. If you are able to file bankruptcy, you could still have some bills that are still valid, depending on the type of bankruptcy that you file. Orlando residents might be interested to learn that the hard work of paying down debt is working. South Florida leads the country in consumer debt reduction.
In 2011, Florida resident Casey Anthony was acquitted following a trial arising out of the death of her two-year old daughter, Caylee. She has since filed for bankruptcy. Anthony does not have any income and is currently unemployed. The amount of her debts was not disclosed.In March, the bankruptcy trustee petitioned the court for an order requiring Anthony to sell her life story. An attorney for Anthony objected on the grounds that bankruptcy is designed to provide people with a fresh start. Anthony has not yet written an autobiography or sold her story, and therefore any order requiring her to sell the story would force her to create something new. There are also concerns that the proposal may prevent Anthony from ever talking about her life after the proceedings are complete.