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

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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 »

Church upset about tax bill for YMCA daycare
Northwest Cable NewsOctober 1, 2011

"They need to pay their fair share of the property tax, based on the amount of revenue that they're receiving," said Yzaguirre. That comes out to be a property tax bill of $17000. That leaves the two non-profits with very few options. ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Ford spends $1.7m on 2Q lobbying
BusinessWeekOctober 1, 2011

The company lobbied on a bill that requires automakers to provide repair and diagnostic information to independent car repair shops. It also talked to lawmakers about Defense Department appropriations for military vehicles and legislation that would ...more »

Collections
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Law Firm Sees More Bankruptcies in Store for Freight
CNBC.comOctober 3, 2011

... restructuring or declare bankruptcy over the next 12 months as the long downturn in the freight market forces further consolidation, an industry executive told Reuters. Norton Rose, a leading law firm in the transport and commodities industries, ...more »

Chapter 11, Chapter 13 Bankruptcy
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Crystal Cathedral Bankruptcy: 'Miracle Faith Offering' Drive Falls Short
Christian PostOctober 1, 2011

The bankruptcy sale of Crystal Cathedral, the glass-walled Orange County church known for its "Hour of Power" broadcasts, has touched off a bidding war between a Roman Catholic diocese and a local university. The church's ministry, meanwhile, ...more »

Disputes With Irs
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IRS Q2 2011: TOI at top spot among top ten English dailies
MediaMughalsOctober 1, 2011

The Indian Readership Survey (IRS) data for Q2 of 2011 has been released by Media Research Users Council (MRUC) and Hansa Research. According to the latest data The Times of India (TOI) maintains its top spot among the English dailies of the country. ...more »

Garnishment
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Georgia Supreme Court rules that employers must use attorneys to answer ...
Lexology (registration)October 4, 2011

Under Georgia law, corporations are required to utilize legal counsel to represent them in any litigation or other proceeding before a court of law. However, when it comes to garnishment proceedings, employers throughout the state often have human ...more »

Chapter 7 Bankruptcy
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Obama administration's actions raise questions
The Jackson Citizen Patriot - MLive.comOctober 1, 2011

First, we found out that Obama's administration loaned $500 million to Solyndra, a company that just declared bankruptcy. This company was also a major Obama donor, which raises questions. Next, we find out that a military general was pressured from ...more »

Personal Bankruptcy
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Brankrupt troubleshooter Martino sues bank accusing him of hiding assets
Denver PostOctober 1, 2011

... Holly Martino, for allegedly defaulting on a $2.83 million commercial real estate loan. Martino claims that by pursuing the lawsuit against his wife — bankruptcy laws supersede any lawsuits against a debtor — the bank is in effect suing him. ...more »

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