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

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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 »

The Media's Cain Mutiny
Huffington Post (blog)November 1, 2011

What I do know is that settlements of law suits including those alleging sexual harassment are not evidence of anything. Law suits are settled everyday because of the embarrassment a trial may bring and the expense of defending. ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Numerous Advantages With Payday Loans
SBWire (press release)November 1, 2011

He also added that many people are deprived of getting the loans because of a bad credit history and so their company has done away with credit checks too. He challenges anyone to compare their interest rates with the other payday loan lenders on the ...more »

Collections
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Opinion Letter: Municipal Bankruptcy a viable option for Jackson Township
Jackson NJ OnlineNovember 5, 2011

The first municipal bankruptcy legislation was enacted in 1934 during the Great Depression. Congress enacted a revised Municipal Bankruptcy Act and the law has been amended several times since 1937 Chapter 9 of the Bankruptcy Code...more »

Chapter 11, Chapter 13 Bankruptcy
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Beacon Power declares bankruptcy; second loan guarantee recipient to falter
Washington PostNovember 1, 2011

The whole point of the loan guarantee program is it was designed to help companies that weren't quite ready to get a commercial loan,” he said. Beacon also won a $24 million Energy Department grant to build a new facility in Hazle Township in northeast ...more »

Disputes With Irs
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NATION - News of the Day From Across the Nation
San Francisco ChronicleNovember 3, 2011

The four suspected militia members allegedly boasted of a "bucket list" of government officials who needed to be "taken out"; talked about scattering ricin from a plane or a car speeding down a highway past major US cities; and scouted IRS and ATF ...more »

Garnishment
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SANON v. DEPARTMENT OF HIGHER EDUCATION
Leagle.comNovember 2, 2011

Sanon did administratively exhaust his claims — by contesting the garnishment of his wages through the DOE, which resulted in a final agency decision dated March 15, 2004. See DOE App. 173 ("Our findings are conclusive and constitute [DOE]'s final ...more »

Chapter 7 Bankruptcy
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MF Global accounts shock leaves clients scrambling
ReutersNovember 2, 2011

The company filed for Chapter 11 bankruptcy on Monday after failing to find a buyer. Bets Corzine made on euro zone sovereign debt led to a plunge in the company's stock last week and credit rating agencies cut its debt to junk. ...more »

Personal Bankruptcy
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Chapman University increases purchase price for Crystal Cathedral campus
Los Angeles TimesNovember 1, 2011

Ultimately, according to the diocese's filing, the Crystal Cathedral could file for bankruptcy again. The diocese, which had upped its initial bid of $50 million, said the extra $3.6 million could be used as a rent reserve, lessening the ailing ...more »

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