Mark Brunnell Answers Questions About His Bankruptcy
Mark Brunnell is a debtor in a Chapter 11 bankruptcy. I don't mean that in a derogatory way. I mean that he is in the process of using the bankruptcy laws and rules to reorganize his sizeable debts. He made a name for himself as a professional football player. Now, as a sign that no-one is immune from this economy, he is trying to reorganize his debts and move on with his life. Mr. Brunnell is currently trying to make the roster of the New York Jets. Good Luck to him.
As a debtor in bankrutpcy, Mr. Brunnell must answer questions about his assets and liabilities. He must also prepare a chapter 11 plan of reorganization and a disclosure statement which will detail how he intends to deal with his creditors.
Ok, now it is time for me to get on my soapbox. I don't like when people use the term debtor in a derogatory fashion. Would you call Mr. Brunnell a deadbeat? Can you imagine a debt collector who would call his house looking for Mark Brunnell? Just imagine the exchange on that phone call. What if the debt collector was a football fan from Jacksonville?
I didn't come up with the term debtor. As a matter of fact, I think it is silly, but it is only a word.
When you look at what Mr. Brunnell is attempting to do (reorganize his debts), you will realize that he is no different than a million other people in the United States and countless people who are attempting to modify their mortgages.
So, let's all hope that Mr. Brunnell makes the Jets team. If he does, he will be able to reorganize his debts, pay a large chunk to the unsecured creditors and move on with his life.
This post was submitted by Carmen Dellutri, Esq., founder of The Dellutri Law Group, P.A. Currently, the firm has offices in Port Charlotte, Fort Myers, Naples and Sarasota. Mr. Dellutri also sits on the Board of American Board of Certification. Mr. Dellutri is also one of the founders of the Bankruptcy Law Network, Debt Law Network, Credit Law Network, and Mortgage Law Network. Mr. Dellutri also writes for the firm's personal injury litigation blog, www.faircreditreportingactblog.com and www.fairdebtcollectionpracticesactblog.com, and the firm's mortgage modification blog.
