gmcnutt's blog

After serving the Shoals area for close to 15 ½ years, Best Buy has announced it will close its Florence, Alabama store located at 398 Cox Creek Parkway on February 25, 2017.

Sears Holding Corporation is an American holding company headquartered in Hoffman Estates, Illinois. It is the owner of retail store brands Sears and Kmart. The Corporation was founded in 2005 when Sears and Kmart merged. Last week, Sears Holding Corp.

Chapter 13 is a section of the Bankruptcy Code that allows individuals and small business owners in financial difficulty to repay their creditors.

An Adversary Proceeding or “AP” as it is often called is basically a lawsuit filed within a bankruptcy case.  An AP can be filed by the Trustee, the Debtor or Creditor.  To file an Adversary Proceeding, a formal complaint must be filed with the court and served on the Defendant.

Once you and your bankruptcy attorney go through your bankruptcy petition to make sure it is accurate and you both sign your names in all the appropriate places, the Petition is then filed electronically with the

The annual contribution limit for 2016 is $18,000.00, which is unfortunately the same as it was for 2015.  This is the amount employees who participate in 401(k), 403(b), and most 457 plans can contribute.  Federal government employees who contribute to the Thrift Savings Plan (TSP) can contribute this amount as well.