Pasadena & Beverly Hills Divorce Attorney

The Graves Law Firm
Call Today! 626.513.8227
  • Home
  • Firm Overview
  • Demetria Graves
  • Family Law
  • Testimonials
  • Firm News
  • Video Blog
  • Podcast
  • Contact Us
  • Call Today
  • Email Us
  • Our Map
  • Menu
Video Blog 2011 June Batch Bankruptcy Discharge
Previous Post  |  Next Post

Batch Bankruptcy Discharge

Posted By demetriagraves || 16-Jun-2011

Pittsburgh Steelers veteran quarterback Charlie Batch gets to hold onto his Super Bowl rings and many other assets as well as his home in a favorable bankruptcy ruling that discharged many of his debts.The measure forgives him from most debts incurred before his December bankruptcy though it doesn't wipe out mortgage or car loan obligations. Mr. Batch's Chapter 7 bankruptcy petition listed $2.3 million in assets, including his pension plan, versus $8.3 million in debts. He is keeping most of his assets, including his Franklin Park house and his Super Bowl rings, but is allowing a townhouse in Novi, Mich., to go to foreclosure.

Most of the debts were incurred in business ventures, including Batch Development Co., Kings Bakery LLC, and Courtland Place LLC. The lenders will still have liens on the properties those firms own, but they won't be enforceable on Mr. Batch.

Mr. Batch reported $718,000 in earnings in 2010, and noted that his 2011 earnings depend on labor negotiations between players and the National Football League.

The discharge was issued by U.S. Bankruptcy Judge Jeffery A. Deller.

Categories: Bankruptcy

Share Post

Family Law

How Can We Help You?

  • Divorce
  • Divorce FAQ
  • Child Custody
  • Visitation
  • Property Division
  • Spousal Support/Alimony
  • Child Support
  • Bankruptcy & Divorce
  • Paternity
  • Legal Separations
  • Mediation
  • Relocation
  • The Family Law Attorney Vault

The Graves Law Firm

We Can Help You Make a Fresh Start

I would like to receive It Doesn't Have To Be Ugly e-book for free!

Send My Information
  • Home
  • Site Map
  • Privacy Policy
  • Contact Us
The Graves Law Firm

Call Today (626) 513-8227

The Graves Law Firm - Pasadena & Beverly Hills Family Law Attorney
1055 E. Colorado Blvd., Suite 500a, Pasadena, CA 91106 View Map
Main (626) 513-8227
Local (855) 653-3517
Beverly Hills Office: 9595 Wilshire Blvd, Suite 900
Beverly Hills, CA 90212
Phone: (310) 300-4023
Website: http://www.losangeles-divorcelaw.com/
© 2023 All Rights Reserved.
Internet Marketing Experts The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.