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Super Bowl XLVI at Lucas Oil Stadium, Indianapolis

by Administrator 1. February 2012 11:22

Maryland mortgage modification lawyers of Chaifetz & Coyle, P.C. are excited to announce Super Bowl XLVI happening this Sunday.

Americans across the United States will tune in to watch one of the most anticipated Super Bowls in history.  The New York Giants and the New England Patriots will meet in Indianapolis on Sunday at Lucas Oil Stadium for the 2012 Super Bowl game.

The New England Patriots and NY Giants faced off four years ago in 2008 at the Super Bowl, and the Giants walked away with the victory.  This year, the Patriots are hoping to bring home the trophy.   They are entering the Super Bowl with a 15-3 record, and this will be the fifth time their head coach, Bill Belichick, and quarterback, Tom Brady, will be at the Super in the last 11 seasons.

The Giants enter the game with a 12-7 record having beaten the second-seeded San Francisco 49ers in the NFC Championship.

Tune in at 6:30pm EST to NBC for live coverage.  For more information, visit the Super Bowl website

Letters from AMR Corp retirees sent to U.S. Court addressing concerns about pension plans

by Administrator 25. January 2012 10:06

Former American Airlines employees have sent letters to the U.S. Bankruptcy Court – Southern District of New York in a letter writing campaign to address concerns over AMR Corp.'s pension plans.

Judge Sean Lane received five letters on the docket all written using the same wording regarding their frustration over the pension plans put in place since AMR Corp filed for bankruptcy.

The letters were written as follows,

“As a retiree of American Airlines, I earned my pension over the course of a XX year career, and I have counted on its financial security for my ‘Golden Years.’ If AMR is allowed to do away with the Pension Fund, there will be several more thousands of citizens depending on the U.S. Government for money it doesn’t have. Our Government is already operating under trillions of dollars of debt. This debt is adversely affecting our economy, and will be for decades to come.

AMR Executives should surrender some of their excessive pay, bonuses, and ‘golden parachutes’ in order to improve AMR’s financial future. The ‘workers’ have sacrificed many times during the Company’s history. It is time ‘someone else’ does the sacrificing. American Airlines would not have been as successful were it not for the devotion and sacrifice of its workers.” 

Maryland celebrates the Chinese New Year

by Administrator 20. January 2012 08:53

Maryland bankruptcy attorneys of Chaifetz & Coyle, P.C. are thrilled to announce the Year of the Dragon Parade this Saturday.

At Rockville Town Square, families can come celebrate the Chinese Lunar New Year with the Year of the Dragon Parade kicking off at 11am.  There will be an 18-person golden dragon walking the streets, and an Asian street market will be open to explore exhibits with arts and crafts. The market runs from 10:30am-3pm, and the parade begins at 11am.  200 E. Middle Lane, Rockville, MD. 

In Virginia, there will be a Chinese New Year Festival also equipped with a parade, performances, and food to eat. 3020 Gallows Road, Falls Church, VA.

For more information, visit NBC Washington's website

Hostess files for Chapter 11

by Administrator 11. January 2012 08:44

The famous Hostess Brands Inc., maker of Twinkies and other delicious desserts, has filed for Chapter 11 bankruptcy.

On Wednesday, the company filed for bankruptcy citing cost restructuring as its main reason.  Court papers released stated, "Whether the debtors can achieve long-term viability depends directly and substantially on the debtors’ ability to achieve dramatic change to their labor agreements, with a corresponding material reduction in their cost structure and legacy pension and medical obligations, and a restructuring of their capital structure.” 

Hostess's current lenders, Silver Light LP, loaned $75 million to keep it in operation while the restructuring takes place.

If you are considering bankruptcy, contact Maryland chapter 11 bankruptcy attorneys of Chaifetz & Coyle, P.C. by calling 443-546-4608. 

Home market values in Prince George's County have dropped significantly

by Administrator 5. January 2012 17:25

Homes in Prince George's County dropped 36.5 percent in 2011, which is the lowest in Maryland during the last five years.

According to Robert Young, director of Maryland State Department of Assessment and Taxation, 80 percent of sales in Prince George's County during 2011 were foreclosures or short sales.  Though the value of homes have dropped, the tax rate will remain at 96 cents per $100 of property value.

Montgomery County's market is beginning to stabilize, and the results have shown that its market 12.7 percentage drop is better in 2011 than it was the year before. 

If you are struggling to make monthly mortgage payments, it is important to have experienced representation to discuss your legal options.  Contact Maryland foreclosure defense attorneys of Chaifetz & Coyle, P.C. by calling 443-546-4608.

Holiday events around Maryland

by Administrator 21. December 2011 07:23

Maryland bankruptcy attorneys of Chaifetz & Coyle, P.C. are excited to announce an array of holiday actitivities happening this season...

Take the whole family to see a "Muppet Christmas Carol" at the Lexington Public Library at 2pm on Thursday Dec 22.  Snacks will be provided.  Admission is free. 21677 FDR Blvd. 301-863-8188. 

On New Year's Eve, enjoy a New Year's Eve Dinner and Dance at the American Legion Post.  Choice of prime rib or stuffed chicken breast will be served.  The 2-4-U Band will play music for everyone to dance into the new year. The evening starts at 6:30pm.  3330 N. Chesapeake Beach Rd., Chesapeake Beach.  Tickets are $55; $100 for couples. 

 For more holiday events, visit the Community Calendar website

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