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

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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 »

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 »

Bankruptcy Law News and Stories

Bad Credit History
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Religious slurs in lawyer's memo have court up in arms
Pioneer PressDecember 1, 2011

In the sedate and sober world of bankruptcy law, one lawyer's memorandum sticks out like a sore loser. "Across the country the court systems and particularly the Bankruptcy Court in Minnesota, are composed of a bunch of ignoramus, ...more »

Collections
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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 »

Chapter 11, Chapter 13 Bankruptcy
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Michael Holley Files for Chapter 7 Bankruptcy
The LedgerDecember 1, 2011

Nearly all of the debt was incurred by his Kia and Chevrolet dealerships, but an estimated $960000 represents personal debt, according to documents filed with the US Bankruptcy Court in Tampa. Holley is filing under Chapter 7, which means he wants the ...more »

Disputes With Irs
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Why the IRS will be flooded with estate tax returns this year
Christian Science MonitorDecember 1, 2011

Of course, Congress also could take away the unused exemption in future estate tax legislation. Estates would undoubtedly challenge that change in court and might or might not win. But without keeping the portability option open, they'd clearly have no ...more »

Garnishment
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Court: Slo-mo video not prejudicial
Topeka Capital JournalDecember 23, 2011

Ruled 5-2 that a Wyandotte County district court lacked jurisdiction to proceed with a garnishment action involving Northwestern Pacific Indemnity Co. The court found that a judgment against the company had become dormant due to lack of action. ...more »

Chapter 7 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 »

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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