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NORCROSS, GA, April 11, 2013 /24-7PressRelease/ -- The Chattanooga bankruptcy law firm, Clark & Washington, want to discuss the recent financial shortcomings of the famous popcorn lung couple. We have all heard the stories of people suing large corporations and winning huge settlements. As was the case for Eric and Cassandra Peoples, a couple who sued the firm International Flavors and Fragrances, Inc. for their failure to warn consumers about risks associated with consuming the artificial butter flavoring they make for popcorn. Eric was diagnosed with popcorn lung, a rare condition that has been linked to workers in the popcorn making industry. According to the Chattanooga bankruptcy attorneys, diacetyl is the chemical that is used to give the butter flavorings its smell and taste. When heated, this chemical emits a toxic gas that can cause breathing problems, hence the name "popcorn lung." The jury awarded the Peoples $20 million in damages in 2004, but the Chattanooga bankruptcy firm notes that this money is long gone.
The Chattanooga Bankruptcy Law Firms Notes the Atypical Filing
Due to financial straits, the couple has been forced to file Chapter 7 bankruptcy; owing $611,000 in liabilities with $33,000 in assets, the bankruptcy has been filed under what appears to be unusual circumstances. It has not been determined how much of the money was dispersed to the couple's attorney and Eric's co-workers, as this was who they initially stated a percentage of their winnings would go to. The bankruptcy attorneys in Chattanooga do want to mention that the couple's home has been appraised at nearly $4 million, which might indicate why the builder they hired filed a lawsuit against them due to their failure to pay him.
Clark & Washington have been bankruptcy attorneys in Chattanooga for 30 years. To learn more about their services and how they can help you, please visit http://www.chattanooga-bankruptcy-attorney.com
About Clark & Washington:
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
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