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

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2011 Year End Tax & Estate Planning: Legal Reading List…
JD Supra (press release)December 1, 2011

The benefit is compounded further by the lower gift tax in 2011. We should note that under current law, there is a possibility that if the applicable exclusion amount is reduced in the future, there may be a 'clawback' if amounts gifted during life ...more »

Police Concentrate Resources to Evict Occupy LA Protesters, Area Rapists ...
Evening Transcript (satire)December 1, 2011

More than 200 demonstrators were arrested in the mostly peaceful eviction. As officers flooded the area just after midnight to dismantle the two-month old camp, Police Chief Charlie Beck praised the LAPD and the protesters for their restraint. ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Report: US Agency Erred On United Pension Values
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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American Pilots Look to Hire Own Advisers
Wall Street JournalDecember 1, 2011

AMR is the first major airline to file for Chapter 11 under bankruptcy rules passed in late 2005 that require the company to submit a plan within 18 months or potentially face rival reorganization plans from other parties. The Allied Pilots Association ...more »

Chapter 11, Chapter 13 Bankruptcy
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Enron's fall foreshadowed 2008 crash
Houston Chronicle (blog)December 2, 2011

(BRETT COOMER / HOUSTON CHRONICLE) In October 2004, a federal judge grants Lay a trial separate from Skilling and Causey on charges of bank fraud and lying to banks about using loans to buy Enron stock on margin, but rules the men will be tried ...more »

Disputes With Irs
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Champion Hungarian Female Boxer/Lawyer/Pinup Arrested for Tax Fraud, Forgery
PestisideDecember 1, 2011

In what we can only describe as a knockout local celebrity true-crime story, former Hungarian female boxing champion/sexpot Bettina Csábi has been arrested for tax evasion and forgery. A lawyer by profession, Csábi and two accomplices, one of whom is ...more »

Garnishment
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Council beats mayor in giving good news
Sun.StarDecember 5, 2011

He was referring to the P133 million the Ralloses are trying to extract from government coffers, on top of the P34 million already garnished in 2001. The Ralloses want to be compensated for the road lot used by the City Government since the 1960s. ...more »

Chapter 7 Bankruptcy
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Purchaser discusses future for Yarnell's Ice Cream
WXVTDecember 4, 2011

The company halted production in June and declared Chapter 7 bankruptcy in August. Schulze & Burch Biscuit Co. is waiting for final approval of its purchase of the Searcy-based company's factory, recipes and other property. Schulze & Burch CEO Kevin ...more »

Personal Bankruptcy
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Bankruptcy Team Expands Business Group at Sands Anderson Law Firm
PR Web (press release)December 1, 2011

Terry is a Chapter 7 Panel Trustee of the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division, and has represented both businesses and individuals as debtors and creditors under all chapters of the Bankruptcy Code for over 30 ...more »

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