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Archive for Monday, September 17, 2012

Bankruptcies

September 17, 2012

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Douglas County residents or businesses filing for bankruptcy protection recently in U.S. Bankruptcy Court in the District of Kansas, according to court records:

• Christian Martin Bennett and Bonnie Gayle Bennett, 907 Firetree Ave., Baldwin City.

• Vera Dean Lewman, 1434 Marilee Drive, Lawrence.

• Melissa Rose Stouffer, 1502 W. Third St., Lawrence.

Comments

08Champs 1 year, 11 months ago

I'm often sympathetic to financial struggles - but the frequency at which you see the same names every few years is sad, and makes me wonder at a system that allows to rid yourself of debt or reduce it - repeatedly.

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just_another_bozo_on_this_bus 1 year, 11 months ago

Actually, there are limits to how often you can declare bankruptcy. I suspect the "frequency" to which you refer is more in your imagination than in reality.

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08Champs 1 year, 11 months ago

Actually, there is no limit to the number of times, just the amount of time between filings. It can be as little as 2 years depending on whether you file a Chapter 13 of Chapter 7. In my line of work I often see people devastated by an accident or unexpected illness that prompts bankruptcy. But I also see people that refuse to live within their means, or to give up failing business practices. And they file again, and again. Sometimes the wife will file, then a few years later, the husband. Then the business... That I struggle with. So no, I'm not imagining it.

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