Law Office of Paul Petrillo
Contact Us Today 603-635-4149
Menu Contact

June 2013 Archives

Botched Chapter 7 filing puts CNET founder in limbo

In 2008, the founder of CNET sold the company to CBS for roughly $1.8 billion. The sale saw him pocket about $200 million from the deal; but just five years later, and CNET's founder has fallen on hard financial times. The 47-year-old claims that he has $50 million in assets, only to be outdone by $100 million in debts. He filed for Chapter 7 bankruptcy in May and had a deadline of June 7 to file an important document to bankruptcy court. The document must include detailed information on assets, debts and the general "state of affairs" involving the insolvent individual.

Student debt reaches all-time high, worrying financial analysts

As many New Hampshire residents are aware, the cost of college has swollen to ridiculous levels. Tuition rates are always rising; books, supplies and other costs put students in tough financial spots; and after college is all said and done, these graduates enter a harsh reality where there simply are not enough jobs. In fact, according to the U.S. Education Department, roughly 30 percent of people aged 20-24 are either unemployed or not in school.

Start Your Case Today

Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

email us for a response
Law Office of Paul Petrillo