Bankruptcy Law News. Crime Stories, Law on News and Legal Publications in December, 2011

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Ex-lawyer to serve 6 months for insider trading
ReutersDecember 1, 2011

NEW YORK (Reuters) - A former lawyer who was one of the prime suppliers of corporate secrets to traders in an insider trading ring, was sentenced to six months imprisonment on Wednesday. Brien Santarlas once worked for the well-known ...more »

Italy, Greece Among Worst Euro Countries in Corruption Ranking
BloombergDecember 1, 2011

Italy and Greece scored the lowest among euro-area countries in a global corruption ranking as their inability to tackle graft and tax evasion exacerbated the debt crisis, watchdog group Transparency ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Prosecutors: Blagojevich should get 15 to 20 years
CBS NewsDecember 1, 2011

But Blagojevich's attorneys argued that Rezko did deserve more prison time than the former governor because his crimes were greater and led to profit, while Blagojevich "made nothing." During Rezko's trial, prosecutors said he raised more than $1 ...more »

Collections
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United Retirees May Be Due More
Wall Street JournalDecember 2, 2011

In 2002, United's then-parent, UAL Inc., sought protection from creditors under Chapter 11 of the Bankruptcy Code; it terminated its pension plans in 2004 and 2005. PBGC assumed some payments to retirees covered by the terminated plans. ...more »

Chapter 11, Chapter 13 Bankruptcy
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Hospital expects to emerge from bankruptcy
phillyBurbs.comDecember 1, 2011

Nearly two years after filing for bankruptcy, Lower Bucks Hospital is expected to emerge with a clean financial slate next month, though a new report found "sustained and dramatic softening" in some patient numbers. The US Bankruptcy Court in ...more »

Disputes With Irs
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Laurel, Maryland, Couple Pleads Guilty To $312,00 Tax Evasion
W*USA 9December 2, 2011

The guilty pleas were announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Principal Deputy Assistant Attorney General John A. DiCicco of the US Department of Justice Tax Division; and Acting Special Agent in Charge ...more »

Garnishment
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Stopping Wage Garnishment in Atlanta
DigitalJournal.com (press release)December 21, 2011

When money is already tight, a wage garnishment can be devastating. The law allows creditors to take 25 percent of a person's "disposable" income with a garnishment. The law considers a person's disposable income to be the amount which is left after ...more »

Chapter 7 Bankruptcy
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Prosecutors: Blagojevich should get 15 to 20 years
CBS NewsDecember 1, 2011

But Blagojevich's attorneys argued that Rezko did deserve more prison time than the former governor because his crimes were greater and led to profit, while Blagojevich "made nothing." During Rezko's trial, prosecutors said he raised more than $1 ...more »

Personal Bankruptcy
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Attorney Generals office cites Boston Apparel consumer complaints
Taunton Daily GazetteDecember 1, 2011

BAG filed for Chapter 7 bankruptcy protection from creditors last summer, which eventually was converted to Chapter 11 protection. In September, its corporate moniker, Women's Apparel Group LLC, sold all BAG assets to Distinctive Apparel Inc., ...more »

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