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

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'It Wasn't a Bluff,' Cuomo Asserts
Wall Street JournalOctober 1, 2011

Andrew Cuomo's showdown with the state's second-largest public employees union this week has provided the most telling test yet of his effort to force labor concessions in the nation's most-unionized state. Mr. Cuomo on Friday stood firm on his ...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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Former Party Chairman says GOP leaders lied to take control of party
WTSP 10 NewsOctober 4, 2011

But as Greer was getting ready to resign, the state Republican Party was under fire for the amount of money it was spending and putting on credit cards. Greer went to attorney Damon Chase to insure that the money he spent as chairman would not be used ...more »

Collections
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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 »

Chapter 11, Chapter 13 Bankruptcy
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Camera maker Kodak weighs bankruptcy option to push patents sale
Economic TimesOctober 2, 2011

A bankruptcy filing may help clear the way for a patent sale, said the people. The sale could fetch about $3 billion, MDB Capital Group estimates. Kodak also has discussed its options with law firm Kirkland & Ellis, the people said. ...more »

Disputes With Irs
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9/11 Excuse Not Enough To Escape IRS Tax Bill
ForbesOctober 1, 2011

Employers must withhold tax money from employee pay and send it promptly to the IRS. The IRS doesn't want the money to be used for other business needs no matter how essential. It's one reason I often recommend payroll services for small ...more »

Garnishment
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Editorial: Judgment day for defaulting students
The Dominion PostOctober 2, 2011

Once they can be executed, methods to get back the amounts outstanding are likely to include charging orders, garnishee notices, seizing assets and even bankruptcy action. The Government has also already given itself the power to order the repayment of ...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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Judge sets hearing in Dodgers bankruptcy
Reuters CanadaOctober 1, 2011

The auction is expected to help refinance the team and allow owner Frank McCourt to hold onto it after bankruptcy. MLB has disputed the team's need for bankruptcy and questioned McCourt's personal interests and spending. The league filed documents with ...more »

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