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Fun Facts About Bankruptcy

Most of our blogs focus on providing advice, tips and general information, so we decided to have a little fun with this blog and discuss some of the fun facts surrounding bankruptcy.

How many bankruptcy questions can you answer?

Q: Who dubbed the phrase “indubitable equivalence?
A: The famous jurist, Judge Learned Hand (See In re Murel Holding Corp., 75 F.2d 941 (2d Cir. 1935).

Q: Who wrote Collier on Bankruptcy, one of the most well-respected legal treatises?
A: William Miller Collier was the author and the treatise was originally published in 1899.

Q: Who is considered the most litigious person in the world?
A: According to the ABC News website, Jonathan Lee Riches was named by the Guinness Book of World Records as the most litigious person in the world. In response, Mr. Riches filed a lawsuit against the Guinness Book of World Records!

Q: Have any United States Presidents filed for bankruptcy protection?
A: Yes, there were at least four: Abraham Lincoln, Thomas Jefferson, Ulysses S. Grant, and William McKinley.

Q: Who filed the largest bankruptcy?
A: Lehman Brothers Holdings Inc. filed the largest Chapter 11 case ever (to date) in 2008. The U.S. investment bank listed $639 billion in assets.

Did you learn some facts about bankruptcy? How many bankruptcy questions did you answer?

Contact Faro & Crowder, PA for a free initial bankruptcy consultation

If you are interested in learning about how a bankruptcy filing will impact your debt, contact Faro Crowder, PA to schedule an appointment. Our office is located in Melbourne, Florida. We offer a free initial consultation for bankruptcy and foreclosure defense. We serve individuals, businesses and families in Brevard County and Central Florida.

The information on this blog or any blog is not intended as, and should not be taken as, legal advice.

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