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

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WCBI Investigation results in arrest of McDonald's employee for theft
WGMD RadioNovember 1, 2011

A month-long investigation into an internal theft at the McDonald's on Racetrack Road in Berlin has resulted in the arrest of an employee. The Worcester County Bureau of Investigations began investigating the theft in late December. ...more »

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 »

Bankruptcy Law News and Stories

Bad Credit History
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Litigation is a byproduct of the economic crisis
istockAnalyst.com (press release)November 1, 2011

(Source: Lawyer)This time last year leading economists started voicing their opinions that the worst effects of the 2008 credit crunch were over and that a fragile recovery was beginning to take root. That optimism now seems to have been misplaced. ...more »

Collections
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GOP, Independent 4th District hopefuls target biz-killing regulations...
NJ.comNovember 2, 2011

Without ruling out shared services, he said he thinks governments should look into privatizing certain services, such as trash collection and snow removal, among others. D'Orazio said he doesn't favor layoffs to police and fire service, and he thinks ...more »

Chapter 11, Chapter 13 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 »

Disputes With Irs
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Cain's scandal pain
Chicago TribuneNovember 2, 2011

He has to avoid even the appearance of evasion. Yet his conservative allies tried mightily to deflect attention back on to familiar irritants of the political right, such as the media and Justice Clarence Thomas's Supreme Court confirmation fight ...more »

Garnishment
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Q&A: Student Loan Defaults and Garnished Wages
Credit.com News (blog)November 2, 2011

He has testified before Congress about student aid on several occasions and is on the editorial board of the Council on Law in Higher Education. Credit.com: How much can the government take from someone's wages? Kantrowitz: The federal government has ...more »

Chapter 7 Bankruptcy
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Naples Bay Resort developers argue against bankruptcy
Naples Daily NewsNovember 1, 2011

Nearly six hours of legal arguments on Monday failed to determine whether the developer of the Naples Bay Resort will be forced into Chapter 7 bankruptcy. Lawyers representing three partners in the development group, Basil Street Partners, ...more »

Personal Bankruptcy
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MF Global Bankruptcy Rattles Wall St. Firms
New York TimesNovember 1, 2011

With MF Global filing for bankruptcy on Monday, investors pummeled many financial stocks, fearful that problems were lurking on the books of other Wall Street firms. It was a crisis of confidence, not unlike in 2008 when the markets ...more »

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