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

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Impact of circle rates
Times of IndiaNovember 1, 2011

There are several reasons for this, like the stricter general power of attorney norms as well as higher stamp duty. The financier's profit margin is smaller in this scenario," added GP Tiwari (name changed), who invests in real estate. ...more »

Miami cop innocent of reckless driving on turnpike, lawyer says
MiamiHerald.comNovember 1, 2011

Officer Fausto López's lawyer, William Matthewman, said in a statement that López client is innocent of the charge of driving recklessly, a second-degree misdemeanor, on the morning of Oct. 11, when Florida Highway Patrol Trooper DJ Watts stopped him ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Pennsylvania Court Rules Against Distressed Munis
Wall Street Journal (blog)November 1, 2011

The “opinion was to me signaling that the Supreme Court is not going to construe Act 47 broadly,” University of Pennsylvania law professor and bankruptcy expert David Skeel said in an interview Monday. If the state wants arbitration awards to be ...more »

Collections
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Feds want Alabama student enrollment information
Montgomery AdvertiserNovember 1, 2011

The department also wants a list of unexplained absences since the law took effect on September 27. The districts must send the information to DOJ by Nov. 14. Mackey said districts do not collect information on students' nations of origin, ...more »

Chapter 11, Chapter 13 Bankruptcy
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Friendly Ice Cream Wins Court Approval to Hold Asset Auction
BusinessWeekNovember 1, 2011

1 (Bloomberg) -- Friendly Ice Cream Corp., the 76- year-old restaurant chain known for its ice cream and hamburgers, won bankruptcy court approval of guidelines that will govern the auction of virtually all its assets. US Bankruptcy Judge Kevin Gross, ...more »

Disputes With Irs
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Congress Questions the IRS About Delays in Its Oversight of Nonprofit Hospitals
New York TimesNovember 1, 2011

In particular, Mr. Boustany asked the IRS to explain its plans for monitoring the so-called community benefits that nonprofit hospitals provided. He also wanted the agency to outline how it would comply with requirements for filing annual reports to ...more »

Garnishment
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Daughter Beaten By Dad Who's A Texas Judge: It Happened Regularly
NPR (blog)November 3, 2011

"The judge can issue writs of injunction, mandamus, attachment, garnishment, sequestration, and habeas corpus in cases where the offense charged is within the jurisdiction of the court. The judge also can punish for contempt, and has all other powers ...more »

Chapter 7 Bankruptcy
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Pennsylvania Court Rules Against Distressed Munis
Wall Street Journal (blog)November 1, 2011

The “opinion was to me signaling that the Supreme Court is not going to construe Act 47 broadly,” University of Pennsylvania law professor and bankruptcy expert David Skeel said in an interview Monday. If the state wants arbitration awards to be ...more »

Personal Bankruptcy
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MF Global: The gamble that didn't pay off
The IndependentNovember 1, 2011

The ambitious investment bank MF Global, one of 22 elite "primary dealers" licensed to trade with the Federal Reserve, has collapsed into bankruptcy after disastrous bets on eurozone government debt, marking the humiliating end of a Wall Street ...more »

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