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

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Colts hope to regain their confidence in three-game homestand
WSBT-TVNovember 1, 2011

Those are, and have been, the watch words for a highly successful Colts franchise over the years. Now, the same franchise is struggling along with an 0-8 record at the midway point of the season. The Colts are one of two NFL franchises still without a ...more »

UPI NewsTrack Business
UPI.comNovember 1, 2011

Burroughs predicted membership at the nine-branch credit union would grow 5 percent this year, compared to 4 percent in 2010, The Detroit News reported Monday. With a new law limits the amount banks can charge when a consumer uses a debit card at a ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Reputed mobsters charged with taking over company
The Associated PressNovember 1, 2011

Authorities say the plot started in April 2007, when the younger Scarfo and his associate Salvatore Pelullo, who has previously been convicted of financial crimes, decided to take over FirstPlus Financial Group, a publicly traded mortgage company based ...more »

Collections
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Legal : National Board of Collection Attorneys Responds to Market Needs
SkyNewswire.comNovember 2, 2011

(SkyNewswire.com) – The single most resounding message echoed by the elite practitioners in Collection Law today is “We need more business!” and “How do we set ourselves apart?” while still adhering to the traditions of the legal profession and the ...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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AGA Research Study Analyzes the Complexity of Federal Government Improper Payments
MarketWatch (press release)November 2, 2011

Agencies interviewed included the US Department of Agriculture's Food and Nutrition Service (FNS) and the Treasury's Internal Revenue Service (IRS). Booz Allen Hamilton and AGA convened an Advisory Group to guide the research study and advise the ...more »

Garnishment
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Certain Government Benefits Off Limits to Creditors in Arizona
DigitalJournal.com (press release)November 17, 2011

Creditors may turn to garnishment to collect debts owed. However, some assets and sources of income, like government benefits, are exempt from wage garnishment in Arizona and under federal law. November 17, 2011 /24-7PressRelease/ -- When you owe money ...more »

Chapter 7 Bankruptcy
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RPT-FACTBOX-Largest US bankruptcies
ReutersNovember 1, 2011

30, according to its petition filed in the US Bankruptcy Court for the Southern District of New York. The following is a list of large US bankruptcies since 1980, according to court records and the website BankruptcyData.com: COMPANY/YEAR TOTAL ASSETS ...more »

Personal Bankruptcy
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Judge rejects both Tribune bankruptcy plans
ReutersNovember 1, 2011

I am uncertain, at this point, what steps the debtors or other parties may take as a consequence of this decision," wrote Delaware's chief bankruptcy judge, Kevin Carey, in a 126-page opinion. Carey was charged with deciding a range of legal questions, ...more »

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