Weatherman Paul Ossman's Bankruptcy Leads to Good Forecast - Atlanta Bankruptcy Law News

Atlanta Bankruptcy Law News - Find Atlanta Bankruptcy Attorneys

Weatherman Paul Ossman's Bankruptcy Leads to Good Forecast

Paul Ossmann, a former broadcaster on 11 Alive in Atlanta, has found a new gig after a tough patch which included going through a bankruptcy, reports the Atlanta Journal-Constitution.

The long-time broadcaster will now be working as a weekend weather forecaster for CBS Atlanta. He will be on regularly at 6 and 11 pm, both Saturday and Sunday.

Not only is this a good media story in Atlanta about a local celebrity, but also has a helpful bankruptcy component to it. It turns out that Paul Ossmann went through a Chapter 7 Bankruptcy, which was discharged last October.

Paul Ossmann's bankruptcy was memorable to some people because it showed that he had $83,535 in credit card debt and negative monthly flow, despite his annual income of about $225,000, reported the Atlanta Journal-Constitution at the time.

But now he's back on TV and doing well again, which may show some people that a Chapter 7 bankruptcy might be useful and positive in certain circumstances.

Statistically speaking, Chapter 7 bankruptcies are quite popular. In 2011, nearly 70 percent of all bankruptcy filings were Chapter 7, as noted by FindLaw's Atlanta Bankruptcy Law Blog. Paul Ossmann's bankruptcy, then, is among the majority.

This is a type of bankruptcy that allows an individual to be discharged from most of his or her debts if they pass certain qualifying "tests." It is also equivalent of a liquidation.

If you'd like to learn more about how to go about filing a Chapter 7, you should try and consult with an attorney. There are certain qualifications that the bankruptcy code requires you meet before you can apply. Otherwise, your petition may be refused.

Related Resources: