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

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Many of state's Friendly's franchises won't be hurt by bankruptcy
Danbury News TimesOctober 1, 2011

While unlikely to threaten their ice cream places, customers and business experts saw the potential bankruptcy as an indication of the economy's state. "You'd think a place like this would be OK with its moderate prices," Furrer said. ...more »

Ill. Judge Allows State to Break Contracts With Catholic Charities
Christian PostOctober 1, 2011

The state contracts, collectively worth $30 million, make up 80 percent of its foster care budget. However, the state of Illinois has chosen, since the June 1 enactment of the Religious Freedom Protection and Civil Unions Act, to direct the money and ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Profit before distributions: $977538
Asheville Citizen-TimesOctober 2, 2011

ASHEVILLE — Under questioning from a state Alcohol Law Enforcement agent, Asheville ABC Board General Manager Curtis Canty made a prophetic comment five months ago. “The system ejects people that don't follow the rules,” Canty said, defending himself ...more »

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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 »

Chapter 11, Chapter 13 Bankruptcy
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Leagle.comOctober 3, 2011

Based upon the record, the Court now finds and concludes as follows, pursuant to Rule 52 of the Federal Rules of Civil Procedure, made applicable in this Adversary Proceeding by Federal Rule of Bankruptcy Procedure 7052.more »

Disputes With Irs
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Maine lawyer sentenced for tax evasion
Houston ChronicleOctober 3, 2011

AUGUSTA, Maine (AP) — A 58-year-old Maine lawyer is going to jail for 10 days for failing to pay state income taxes for six years. Alan Harding, of Presque Isle, was sentenced Friday in Kennebec County Superior Court. He must report to the Aroostook ...more »

Personal Bankruptcy
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Dodgers' Bankruptcy Judge Orders Testimony by McCourt, Selig
BusinessWeekOctober 1, 2011

US Bankruptcy Judge Kevin Gross set Oct. 31 as the start of a hearing to decide between two futures for the franchise: one in which McCourt keeps the team and sells the rights to televise its games, or is forced to sell one of the most storied clubs in ...more »

Chapter 7 Bankruptcy
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Are your frequent flier miles protected in bankruptcy?
CreditCards.comOctober 1, 2011

Rules for collecting or forfeiting points are based on the airline's rules. These vary from airline to airline, but airlines have a stronger motivation to protect your mileage and, thus, your loyalty. Cashing In columnist Cathleen McCarthy.more »


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