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

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EPA proposes stricter rules for ship ballast water
Wall Street JournalDecember 1, 2011

The EPA's draft permit lays out rules similar to those recommended by the International Maritime Organization in 2004, which shipping industry groups have said are achievable. But environmental groups and some states contend those standards are ...more »

Professionals - News in brief
Manchester Evening NewsDecember 1, 2011

*Hill Dickinson has appointed Tricia Cottrell as head of family in its commercial litigation arm. She has more than 25 years' experience in the field and previously worked at Halliwells and JMW in Manchester. She will work across Hill Dickinson's ...more »

Bankruptcy Law News and Stories

Bad Credit History
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EPA Proposes Stricter Rules For Ship Ballast Water
SalonDecember 1, 2011

The agency took over the pension plans in 2004 and 2005 after United filed for bankruptcy court protection in December 2002. When the PBGC takes over plans, it pays promised benefits to retirees up to certain limits. ...more »

Collections
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House Bill Seeks Exchange of Information to Boost Cybersecurity
HSTodayDecember 2, 2011

We urge you to amend the bill to include explicit collection and use limitations and rigorous oversight mechanisms. In the absence of such amendments, we will vigorously oppose this legislation as inconsistent with the long tradition of Americans' ...more »

Chapter 11, Chapter 13 Bankruptcy
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Mr. Corzine and His Regulators
Wall Street JournalDecember 1, 2011

The mistake is to believe in regulator prescience, as opposed to simpler, straightforward rules on, say, leverage or capital. Mr. Gensler, for his part, has a response to the cronyism charge. Since the firm went bankrupt he has announced that he will ...more »

Disputes With Irs
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Pennsylvania Student-Aid Agency Settles with IRS in Tax Dispute
Chronicle of Higher Education (subscription) (blog)December 1, 2011

The Pennsylvania Higher Education Assistance Agency has paid the IRS $12.3-million to settle claims that it violated federal tax rules, The Bond Buyer reports. The agency had accused the agency of transferring some of its student loans to ...more »

Garnishment
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What is an IRS wage levy? How much of my wages can the IRS take?
Tax Law Home (blog)December 4, 2011

If you owe money to the Internal Revenue Service (IRS) related to unpaid federal income taxes, you should know that the IRS has the power to seize various assets from you to settle the debt. Initially, the IRS will simply notify you that you owe them ...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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American Airlines Bankruptcy Raises Questions About Bradley Flights
Hartford CourantDecember 1, 2011

The American Airlines bankruptcy is unlikely to have immediate effects in Connecticut, but could lead to fewer flights at Bradley International Airport from the carrier in the future. ...more »

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