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

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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 »

Time Warner Trims Its Excesses
New York TimesNovember 1, 2011

To him, the company's corporate headquarters in the gleaming towers of the Time Warner Center is an “indulgence,” a giant reminder of past mistakes made by one of the world's largest media companies. “There was a burgeoning overhead reaching $500 ...more »

Bankruptcy Law News and Stories

Bad Credit History
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FBI to probe MF Global over possible account shortfall
New York PostNovember 1, 2011

The decision marks a preliminary step in what could become a larger, full-blown criminal probe. MF Global filed for Chapter 11 bankruptcy protection Monday, the biggest failure of a securities firm since Lehman Brothers Holdings Inc. filed for Chapter ...more »

Collections
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Judge rejects both Tribune bankruptcy exit plans
Los Angeles TimesNovember 1, 2011

In a 126-page opinion, US Bankruptcy Judge Kevin J. Carey said neither plan was confirmable under the Bankruptcy Code and threatened to appoint a bankruptcy trustee to resolve the case if the company and its warring creditors can't come up with a ...more »

Chapter 11, Chapter 13 Bankruptcy
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Repurchase Agreement Rates Climb After MF Global Bankruptcy
BusinessWeekNovember 2, 2011

2 (Bloomberg) -- The rate to borrow and lend US government securities rose to an almost two-week high as demand for repurchase agreements declined after MF Global Holdings Ltd. declared bankruptcy and more securities entered the marketplace following ...more »

Disputes With Irs
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Flat tax or flat-out dead?
Your Houston NewsNovember 1, 2011

If neither side will support the other, we will be exactly where the IRS and the administration want us to be – split on an important issue. If we don't come together on this issue, Washington and the IRS can sit back and laugh, and keep their hands in ...more »

Garnishment
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DC Man Delinquent $17.8M in Income Taxes
NBC WashingtonNovember 1, 2011

DC Councilman Jack Evans (D-Ward 2), who chairs DC's Committee on Finance and Revenue, said the District has started to work closely with the Internal Revenue Service to find delinquents. “Our tax rates are quite high,” Evans said. ...more »

Chapter 7 Bankruptcy
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Bankruptcy Myths Debunked
Patch.comNovember 1, 2011

In a Chapter 7, generally the debt will survive bankruptcy, the creditor can take the secured property, or you will have to “reaffirm” the debt to keep the property and pay according to the original terms of the secured contract. In a Chapter 13, ...more »

Personal Bankruptcy
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Dodgers Bankruptcy: Frank McCourt Reportedly Close To Settlement With MLB
SB Nation Los AngelesNovember 1, 2011

This would be a gain for Mr. McCourt as it would take Mrs. McCourt out of the equation as he tries to sell the Dodgers' television rights in US Bankruptcy Court in order to retain ownership of the team. The settlement has not been finalized but it ...more »

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