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AMR Corp. retirees send letters to court citing pension plan concerns

Posted on January 25th, 2012 No Comments

Retirees of American Airlines sent multiple letters to the U.S. Bankruptcy Court – Southern District of New York citing their concerns for AMR Corp.’s new pension plans.

All letters had the same wording, and were written to Judge Sean Lane stating concerns of the pension plans of AMR Corp since filing for bankruptcy.  The court had five on the docket and expect to see more in the future.

The letters stated,

“As a retiree of American Airlines, I earned my pension over the course of a XX year career, and I have counted on its financial security for my ‘Golden Years.’ If AMR is allowed to do away with the Pension Fund, there will be several more thousands of citizens depending on the U.S. Government for money it doesn’t have. Our Government is already operating under trillions of dollars of debt. This debt is adversely affecting our economy, and will be for decades to come.

AMR Executives should surrender some of their excessive pay, bonuses, and ‘golden parachutes’ in order to improve AMR’s financial future. The ‘workers’ have sacrificed many times during the Company’s history. It is time ‘someone else’ does the sacrificing. American Airlines would not have been as successful were it not for the devotion and sacrifice of its workers.”

President to visit Walt Disney World on Thursday

Posted on January 17th, 2012 No Comments

Boca Raton foreclosure defense attorneys of Eric N. Klein & Associates, P.A. are thrilled to announce the arrival of President Obama to Walt Disney World in Orlando on Thursday.

President Obama will make a speech addressing tourism and travel as part of his “We Can’t Wait” action speeches addressing the economy at Magic Kingdom park in Disney World.

 The series of speeches discusses the need for job creation through executive action, bypassing congressional approval, in order to aid the economy.

The president’s visit will be a short one as he is only staying for a few hours.  For more information, visit the Miami Herald website.

Hostess Brands Inc. files for Chapter 11 bankruptcy

Posted on January 11th, 2012 No Comments

Twinkies’ company, Hostess Brands Inc., filed for Chapter 11 bankruptcy on Wednesday stating the company needed cost restructuring.

Hostess Brands Inc. is based in Irving, Texas, and the company’s relationship with labor unions need to change in order

to survive.  Court documents reported, “Whether the debtors can achieve long-term viability depends directly and substantially on the debtors’ ability to achieve dramatic change to their labor agreements, with a corresponding material reduction in their cost structure and legacy pension and medical obligations, and a restructuring of their capital structure.”

Current lender, Silver Point Capital LP, has loaned $75 million to the company to continue operation while it goes through the court system.

 

WVU faces the Clemson Tigers in the 2012 Discover Orange Bowl

Posted on January 3rd, 2012 No Comments

Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A. are thrilled to announce the 2012 Discover Orange Bowl on Jan 4 at 8:30pm at Sun Life Stadium in Miami.

West Virginia Mountaineers team up against the Clemson Tigers in this ACC/Big East game.  West Virginia head coach Dana Holgerson has a tough road ahead after having to deal with a series of injuries on his team including running back Dustin Garrison and safety Terrence Garvin.

Clemson quarterback, Tajh Boyd, pulled out of West Virginia just before the season began to go play for Clemson.  WVU’s record is 9-3 and Clemson’s record is 10-3.

The game will air on ESPN. For more information, visit the Orange Bowl website.

Christmas events around Boca Raton

Posted on December 19th, 2011 No Comments

Florida foreclosure defense lawyers of Eric Klein & Associates are thrilled to announce holiday events happening this week near Boca Raton…

Monday night at 5:30pm, the weekly Food Truck Invasion will take place at Arts Park in Young Circle in Hollywood.

 Come enjoy some good eats and bring cash!

Florida breweries including Tequesta Brewing Co., Cigar City, Holy Mackerel, and Swamp Ape Florida Lager will be on tap on Tuesday at 7pm at the World of Beer in West Palm Beach.  For more information, visit the World of Beer website.

Saturday night (Christmas Eve) the Beirgarten Boca Raton will host an Ugly Christmas Sweater Party starting at 9pm.  Come wearing your finest ugliest sweater and enter to win a prize! For details, visit the Biergarten site.

Newt Gingrich’s Florida campaign director fights foreclosure on his home

Posted on December 15th, 2011 No Comments

Jose Mallea, Florida campaign director for Republican presidential nominee Newt Gingrich, has been battling foreclosure on his Miami Coral Way home for a year.

Mallea received his foreclosure notice from Branch Banking and Trust Company in April 2010.

 Mallea’s boss, Gingrich, has been advocating the “free market” approach (letting the market naturally reset itself) in his campaign to lower the number of foreclosures in the United States.

Mallea’s home was worth $290,000 when it was originally purchased, and is now worth $159,000.

If you are struggling to make monthly mortgage payments, it is important to have experienced representation to discuss your legal options.  Contact Boca Raton foreclosure defense attorneys of Eric Klein & Associates, P.A. at 561-353-2800.

Holiday events in and around Boca Raton

Posted on December 8th, 2011 No Comments

Boca Raton foreclosure defense lawyers of Eric N. Klein & Associates are pleased to several fun-filled holiday events happening in Boca Raton and the surrounding areas…

The 22nd Annual Palm Beach Jewish Film Festival will open its doors on Dec 7 at the Kravis Center, 701 Okeechobee Blvd., West Palm Beach.  The festival begins with “The Boys of Terezin,” a film that follows the true story of teenage boys who wrote a secret journal during WWII while occupied by Nazis. Tickets are $10 for adults, $5 for children.

“The Santaland Diaries” opens at the Arsht Center on Dec 8.

 David Sedaris writes this hilarious comedy about the trials and tribulations he spent as an elf at Macy’s SantaLand display.  Tickets are $35. 1200 Biscayne Blvd. in Miami. For more information, visit  www.zoeticstage.com

Florida foreclosure wait time increase 10 percent

Posted on November 13th, 2011 No Comments

According to RealtyTrac, the average amount of time for a Florida home to go through the entire foreclosure process is about 749 days.

 That’s a little more than two years.

At the end of the third quarter, it was reported that there was a 10 percent increase in the wait time, which keeps Florida still in third place for the longest wait time in the nation.  Florida ranks third to New York and New Jersey, both in first and second place respectively.

It was reported on Thursday that there was a 7 percent increase in new foreclosure filings in October, which is the third month in a row bringing the state out of the lull from the early part of the year.

If you are struggling to make monthly mortgage payments, it is important to have experienced representation to discuss all of your legal options.  Contact Boca Raton foreclosure defense attorneys of Eric Klein & Associates, P.A. at 561-353-2800.

 

Florida Holocaust Center given warnings of foreclosure

Posted on November 4th, 2011 No Comments

Hollywood City Commission of Hollywood, FL gave the Holocaust Documentation Center 90 days to pay its debts or the commission will begin foreclosure proceedings.

According to the commission, the center has not fully paid its $16,000 monthly rent for years, and they owe the Hollywood’s Community Redevelopment Agency $200,000 in loan payments.

The center plans to use the 90 day period to work out a deal with the city, says Harry “Hap” Levy, the chairman of the Holocaust center’s board.

If you are struggling to make regular payments on your mortgage loan and are afraid of losing your home, contact Boca Raton foreclosure defense lawyers of Eric Klein & Associates, P.A. at 561-353-2800 today.

Obama’s refinancing plan could help Florida homeowners

Posted on October 25th, 2011 No Comments

Thousands of homeowners in Broward County and Palm Beach County have been underwater due to their ineligibility to refinance their homes under the current housing refinancing program. But President Obama announced yesterday that his new housing program will change this.

Currently, 48 percent of homeowners are underwater in Broward County, and 42 percent are in Palm Beach County. Under Obama’s new plan, these homeowners will be now able to benefit from the ultra-low mortgage rates that only a small number have benefited from since the 2008 election.

If you are considering refinancing your home, it is important that you research all of your options. Contact Boca Raton refinancing lawyers at Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.

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Boca Raton, FL 33431
561-353-2800

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