Posted on Wednesday, September 21st, 2011 at 2:18 pm
The supervisor in Black Hawk County has filed for chapter 13 bankruptcy after claiming that he owes more than $10 million to 45 creditors.
The supervisor owes more than $6.7 million to one of their largest creditors, Lincoln Savings Bank. The man said that he filed for bankruptcy in order to give him a chance to regroup.
According to court documents, the man’s assets are $590,000. The man has been a part of several businesses and he claims that a 2008 flood ruined several of his properties and sent him into bankruptcy.
If you or a loved one has been considering filing for bankruptcy, you need experienced representation on your side. Contact the Joliet chapter 13 bankruptcy attorneys of the Law Offices of Stuart Handelman by calling 815-722-2201 today.