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

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Mortgages paid down by record £9bn in quarter
The IndependentDecember 1, 2011

It was the highest negative figure since comparable records began in 1970 and means the total amount owed on mortgages has fallen by £92.9bn since the height of the credit crunch. Homeowners spent the equivalent of 3.5 per cent of their take-home pay ...more »

US could pay pension bill for AMR as it restructures: report
ReutersDecember 1, 2011

Tom Horton, the new chief executive of American Airlines and its parent company AMR said the fact the company had filed for Chapter 11 bankruptcy protection did not mean its pension plans would definitely move to the PBGC, but he signaled it was a real ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Views | Why India needs a Chapter 11- Style Bankruptcy Law
LivemintDecember 2, 2011

Unlike US, there is no such separate bankruptcy law in India which provides such breathing space to help companies come out of financial difficulty. The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) was enacted to take preventive or ...more »

Collections
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Bill aims to help soldiers in bankruptcy
Tonawanda NewsDecember 1, 2011

11, 2001, shed debt as part of filing for chapter 7 bankruptcy. The bill extends the National Guard and Reservist Debt Relief Act of 2008, which created exceptions for military personnel following the bankruptcy abuse prevention law of the same period, ...more »

Chapter 11, Chapter 13 Bankruptcy
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Former manager Gregori to testify on SME bankruptcy today
Great Falls TribuneDecember 2, 2011

Gregori abruptly retired last month, following the co-op's Oct. 21 bankruptcy filing. The session begins at 9 am on the fifth floor of the federal courthouse in Billings, 316 N. 26th St. Creditors, including the city of Great Falls, will have a chance ...more »

Disputes With Irs
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Branchburg insurance salesman charged with evading taxes for 5 years
MyCentralJersey.comDecember 1, 2011

Patetta's attorney, Assistant Federal Public Defender Linda D. Foster in Newark, could not be reached for comment Thursday afternoon. Patetta is facing up to five years in prison and a $100000 fine for each of the five tax evasion charges and up to ...more »

Garnishment
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MENDENHALL v. PROPERTY AND CASUALTY INSURANCE COMPANY OF HARTFORD
Leagle.comDecember 14, 2011

Ruth Mendenhall appeals the trial court's grant of summary judgment in favor of Property and Casualty Insurance Company of Hartford (Hartford) on Mrs. Mendenhall's claim for equitable garnishment of Hartford's policy for an incident resulting in the ...more »

Chapter 7 Bankruptcy
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Fallon Industries to Close
KRNV My News 4December 2, 2011

“We're ready to file Chapter 7 Bankruptcy,” said Jacquie Hettinger, Board President. She said the program can't sustain its costs. “There wasn't an awful lot of revenue left, but we were managing, struggling along,” she said. “We tried a lot of options ...more »

Personal Bankruptcy
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Carol Friedman dies; bankruptcy lawyer known for compassion
STLtoday.comDecember 2, 2011

She chose bankruptcy law. Her clients knew her as a compassionate and sometimes fierce advocate. Lawyers knew her as past president of the Bar Association of Metropolitan St. Louis and a longtime member of the board of governors of the Missouri Bar. ...more »

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