INCREASING SUBPRIME AUTO LOAN DEFAULTS – THE CANARY IN THE COAL MINE FOR 2023 BANKRUPTCY FILINGS

By: Charles M Tatelbaum and Corey D. Cohen, Tripp Scott PA

Experience tells us that the recent increase in subprime auto loan defaults can be a reliable predictor of an overall increase in consumer bankruptcies which, in turn, causes problems for businesses in many sectors.  Recently reported data discloses that in the fourth quarter of 2022, subprime auto loan defaults increased by slightly more than 30%.

These defaults rise from a number of reasons, namely:  (1) higher interest rates on the subprime loans that have a floating rate of interest; (2) inflationary increases which have pinched consumers' budgets; and (3) increased costs of rental housing.

Fort Lauderdale attorney clowns around in Macy’s Thanksgiving Day parade

Fort Lauderdale attorney Chuck Tatelbaum is a real clown and he has the certification to prove it. He walks in the iconic Macy’s Thanksgiving Day Parade as a Macy’s-certified clown, entertaining children and adults since 2010.

Tatelbaum has been an attorney for Macy’s for about 30 years and as a former high school drama student, he got the calling to participate in the parade. Another lawyer friend — who he calls “Macy’s Clownsel” — was in charge of the entertainment committee at Macy’s. The first step was to enroll in Macy’s Clown University to get certified. Taletbaum and his wife went to New York to enter the training at Clown U, passed the tests and received their certification.

Tripp Scott's Marianna Seiler Named One of South Florida Business and Wealth's "Up and Comers"

As published by South Florida Business & Weath

Tripp Scott, P.A. is proud to announce that Marianna Seiler, a director with the firm, has been selected as an honoree for the one of South Florida Business and Wealth magazine's Up & Comer Award in the category of Excellence in Leadership.

Tripp Scott Attorneys Garner Top Honors In Florida Super Lawyers Magazine

Tripp Scott today announced that five of its attorneys have been recognized in the 2022 edition of Florida Super Lawyers Magazine.

Tripp Scott Named Law Firm of the Year by Legal Aid Service of Broward County

FORT LAUDERDALE, Fla., April 22, 2022 – Tripp Scott today announced it was named Law Firm of the Year by Legal Aid Service of Broward County. The Law Firm of the Year Award is presented annually to a firm that has shown overall commitment to the work and clients served. This year, the Law Firm of the Year Award honors Tripp Scott because it has supported LAS and CCLA in a number of ways, and on various different levels. Tripp Scott has a history and culture of demonstrating a commitment to justice at every level and to serving its community. The firm encourages and supports its staff in taking on leadership roles and volunteer opportunities with community organizations.