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

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Conceal carry law starts Tuesday
Today's TMJ4November 1, 2011

Milwaukee County District Attorney John Chisholm is urging gun owners who get the permits to make sure they know the law before actually using their gun. "Before they can threaten to use force or actually use force, there's going to be serious ...more »

Tribune Judge Denies JPMorgan, Aurelius Reorganization Plans
BusinessWeekNovember 1, 2011

The lower-ranking creditors already have filed lawsuits related to the LBO, including cases against Zell and Tribune's shareholders. The bankruptcy case is In re Tribune Co., 08-bk-13141, US Bankruptcy Court, District of Delaware (Wilmington).more »

Bankruptcy Law News and Stories

Bad Credit History
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Corzine steps down at collapsed firm, hires lawyer
Wall Street JournalNovember 4, 2011

Later, they collaborated on Capitol Hill to pass an anti-corporate fraud law. Corporate governance experts said Gensler's ties to Corzine posed an apparent conflict of interest that could taint the probe's findings. Some have said he should remove ...more »

Collections
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Alabama lawyer's art being auctioned by IRS
al.comNovember 1, 2011

(AP) — The Internal Revenue Service says nearly 250 paintings and photographs that once belonged to Birmingham attorney Russell J. "Jack" Drake will be auctioned off Nov. 16 in Birmingham. The IRS says the artwork by Kerry James Marshall, ...more »

Chapter 11, Chapter 13 Bankruptcy
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CME suspends MF Global as clearing member
ReutersNovember 1, 2011

Oct 31 (Reuters) - The CME Group said late on Monday it has suspended MF Global Inc as a member of the exchange as the broker-dealer filed for US Chapter 11 bankruptcy protection. "The President of the Clearing House is announcing that MF Global Inc is ...more »

Disputes With Irs
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Ligots surface, post bail at tax court
Middle East North Africa Financial NetworkNovember 2, 2011

Accompanied by lawyer Emiliano Bantog, the Ligots posted a total of P160,000 bail bond for the four tax evasion charges. Bantog said the couple did not go into hiding as earlier reported "They were not in hiding and were on a land trip vacation here in ...more »

Garnishment
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Can Your Social Security Check be Garnished?
Fox BusinessNovember 2, 2011

The garnishment is limited to either the maximum allowed under state law or the maximum under the Consumer Credit Protection Act, or CCPA, whichever is less. Per the CCPA, you can theoretically lose up to half your benefits if you are supporting a ...more »

Chapter 7 Bankruptcy
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MF Global Files Bankruptcy as Broker-Dealer Unit Liquidates
BusinessWeekNovember 1, 2011

The firm listed debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed yesterday in US Bankruptcy Court in Manhattan. MF Global's board met through the weekend to consider options including sale, a person with direct knowledge of ...more »

Personal Bankruptcy
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Regulators on collision course with porn industry over condoms
Los Angeles TimesNovember 1, 2011

But the organization was driven into bankruptcy this year after its database was hacked and private medical and personal records of as many as 15000 performers were posted online. The more secure replacement website established by Duke's organization ...more »

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