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

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Expert liability for ratings agencies
The National Law JournalOctober 1, 2011

Noting this concern, the staff advised that they would not recommend enforcement of Regulation AB's requirements for prospectus disclosure of ratings. The enforcement position was initially effective for six months, and by replacement letter made ...more »

Ark. judges eye rainy day fund for financial help
Houston ChronicleOctober 1, 2011

Circuit Judge David Clark asked at the meeting. Weiss said courts have been aware of the potential crisis with the fund since 2009, but this year, revenues suddenly plummeted. Neither Weiss nor JD Gingerich, who directs the Administrative Office of the ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Wall Street occupation inspires Canadian protesters
CTV.caOctober 2, 2011

For the sale of lots of building an construction materials, employment for the building trades, relacement and repair of vehicles, Increased security and police employment. After the mayhem and riots have subsided blame it all on our three levels of ...more »

Collections
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John Drennan: Reform of bankruptcy law and initiatives on homeowners in ...
Irish IndependentOctober 2, 2011

The Keane Report, which will be presented to the Cabinet next week, will propose major changes to Ireland's bankruptcy laws -- which are the harshest in Europe -- and make the banks write off mortgage debt for homeowners in a similar way to writing off ...more »

Chapter 11, Chapter 13 Bankruptcy
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BofA, Oracle, Morgan Stanley, AT&T, Madoff in Court News
BloombergOctober 3, 2011

Blavatnik is seeking to dismiss some accusations made in the initial complaint, and has said Luxembourg law can't be used to sue over Netherlands-based Basell. US Bankruptcy Judge Robert Gerber denied a request to dismiss charges based on Luxembourg ...more »

Disputes With Irs
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Singapore Pledges Jail, New Tactics for Financial Criminals
BusinessWeekOctober 3, 2011

In March, Peter Madhavan became the first independent director to be sentenced to jail for breaking Singapore's securities laws. FBI Special Agent Michael Nail, the lead investigator in a probe concerning several money transfers from the US to bank ...more »

Garnishment
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Home Foreclosed But the Debt Remains: Bankruptcy & Foreclosure
JD Supra (press release)October 4, 2011

This law essentially prohibits the bank from suing you after the home has foreclosed so long as certain criteria exist. In a nut shell, so long as your home was a single family residence or condo, on less than 2.5 acres of land, the home was actually ...more »

Chapter 7 Bankruptcy
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Consumer bankruptcy filings fall in September
ReutersOctober 4, 2011

Consumer bankruptcy filings, which can be made under four codes of US bankruptcy law, declined 4 percent from 113432 in August, which was one day shorter than September. The ABI's members include lawyers, judges, accountants and other bankruptcy and ...more »

Personal Bankruptcy
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UK: Metal Thieves Damaging Churches
Eurasia ReviewOctober 1, 2011

“Church roofs are often the target, threatening some churches with bankruptcy,” she said. Theft of copper cable from churches, railways and historic buildings is a soaring national problem in Britain. Deputy Chief Constable Paul Crowther of the British ...more »

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