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

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Major changes proposed for La.'s higher-education system
Houma CourierDecember 1, 2011

A statewide commission has proposed major changes to the state's higher-education system, including making it easier to increase tuition, boosting money for need-based scholarships and dramatically restructuring the state's TOPS scholarship. ...more »

Govt to consider higher road accident compensation
Malaysia StarDecember 1, 2011

THE Government is considering amending the Civil Law Act 1956 to increase the amount of compensation awarded for injury and death caused by road accidents, said Deputy Finance Minister Datuk Donald Lim. He said there were grounds to consider a review ...more »

Bankruptcy Law News and Stories

Bad Credit History
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'Sandwich generation' has a smorgasbord of options
Globe and MailDecember 1, 2011

Ms. Cappello, a lawyer in Woodbridge, Ont., and Mr. D'Cruz, a chartered accountant, are part of a growing segment of the Canadian population – the so-called sandwich generation, responsible for both their children and aging parents. ...more »

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Pensions for American Airlines workers, retirees may be cut
Tulsa WorldDecember 4, 2011

investigate issues, assist in drawing up a bankruptcy reorganization plan and perform other services in the interests of their clients, the law says. "The court, upon a motion by any party in interest, and after notice and a hearing, shall appoint a ...more »

Chapter 11, Chapter 13 Bankruptcy
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Hawaii bankruptcy filings fall 26% in November
Bizjournals.comDecember 1, 2011

There were 242 filings of all chapters of the US bankruptcy code in November, compared to 327 filings during the same month in 2010. The number of Chapter 7 bankruptcy cases, which are most often filed by individuals, fell 23.2 percent to 185 cases in ...more »

Disputes With Irs
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IRS: $153 Million in Undelivered Checks
MyFox Washington DCDecember 2, 2011

The IRS announced this week that it still has about $153.3 million in undelivered income tax refund checks. That comes out to 99123 taxpayers due checks this year that didn't receive them because of mailing address errors. The average check is $1547. ...more »

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The Next Trillion Dollar Bubble
Patriot PostDecember 16, 2011

It can become impossible to borrow money to buy a house or a car, wages can be garnished, tax returns can be seized, and in the ultimate irony, one can have difficulty finding a job in an era where employers are increasingly checking a prospective ...more »

Chapter 7 Bankruptcy
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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 »

Personal Bankruptcy
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Harrisburg's Proposed Receiver Says City's Debt Structure 'Disturbing'
BloombergDecember 1, 2011

The bonds themselves couldn't be challenged, no matter what a review uncovers, Unkovic said in an interview after the hearing. The law does allow legal action against entities that provided false information to support a bond issue, Unkovic said. ...more »


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