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

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Hail Damage Helps Sales and Use Tax Revenue Soar
KGWNOctober 1, 2011

Sales and use tax collections typically lag the point of sale by about two months, which means the work load from the hail storm events that happened in July are just now starting to show in the state's tax numbers. "We're seeing this work load ...more »

Sizing up the Supreme Court
The National Law JournalOctober 1, 2011

I happen to have been in Court the day that the bankruptcy case [Ransom v. FIA Card Services] came down and she delivered it as though she was talking to some friends about it and made it very accessible to people in the audience. ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Kodak denies bankruptcy plan but shares plummet
Economic TimesOctober 1, 2011

Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy. Kodak, which delivered the first consumer ...more »

Collections
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Ohio colleges ask for state help
Toledo BladeOctober 2, 2011

Students could be required to pay even more if Mr. DeWine's office turns the debt over to third-party collection agencies and eventually private attorneys. The state can, by law, go after debtors for 40 years. Most collections take place in about five ...more »

Chapter 11, Chapter 13 Bankruptcy
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Bankruptcy option suspected by Kodak investors
Christian Science MonitorOctober 1, 2011

Bankruptcy imminent for Kodak? Investors dumped Kodak stock Friday, under suspicion that the company had p[lans to declare bankruptcy. By MICHAEL LIEDTKE, Associated Press / October 1, 2011 Kodak workers enter corporate headquarters in Rochester, ...more »

Disputes With Irs
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IRS sends tax preparers back to school
Tribune ReviewOctober 2, 2011

They take 24 hours of continuing education each year — more than the 15 hours the IRS specifies in new regulations that kick in this fall — to target what some studies have concluded are widespread mistakes or false information on taxpayers' returns. ...more »

Garnishment
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OWS: Want To Turn The Tide?
istockAnalyst.com (press release)October 6, 2011

The fat cat college administrators with their half-million dollar salaries and the banksters who can't hold your college loans over your head and threaten you with wage garnishments until you're 80! Houses are no different and neither is medical care. ...more »

Chapter 7 Bankruptcy
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KB Home, Partners Settle Fight Over Las Vegas Project
BusinessWeekOctober 6, 2011

Under the proposal, units of the builders, along with Pardee Homes of Nevada, will pay $35.5 million to Focus South Group LLC and its affiliates, according to filings yesterday in US Bankruptcy Court in Las Vegas. The home builders and Focus were ...more »

Personal Bankruptcy
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Last of Rothstein items to hit auction block
Law.comOctober 2, 2011

This is the third and final sale of former Rothstein possessions and the only one to be held by the bankruptcy trustee overseeing the liquidation of Rothstein's collapsed law firm. The first two were held by the US Marshals Service. ...more »

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