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

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US Federal Contractor Registration Helps Contractors Find FEMA Contracts
DigitalJournal.com (press release)October 1, 2011

Doing so can result in being awarded a contract on the spot. In order to be considered eligible for any federal contracts, vendors must have a DUNS number and have completed their CCR registration and ORCA. For FEMA contracts, businesses must also ...more »

Feds reach deal with NJ Transit to reduce ARC tunnel debt to $95M
NorthJersey.comOctober 1, 2011

The state has so far spent just over $1 million in legal fees to fight the debt. John Wisniewski, chair of the Assembly Transportation Committee, said New Jersey commuters still lost out. “While the governor may tout his settlement as a win for New ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Reform of bankruptcy law and initiatives on homeowners in trouble finally to ...
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 »

Collections
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Viceroy, Lehman, Corus, Nebraska Book, Point Blank: Bankruptcy
BusinessWeekOctober 3, 2011

30, the Lehman trustee likewise contends the European broker isn'ta customer under the plain meaning of the statute, although he points to different provisions in the law. The fight is over the so-called house claim that subsumed transactions where the ...more »

Chapter 11, Chapter 13 Bankruptcy
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Another Fannie Mae faux pas
Houston Chronicle (blog)October 4, 2011

The financing firm knew as early as 2003 that law firms it hired to handle foreclosures were engaging in abusive practices such as filing false pleadings in bankruptcy courts, but it did little to correct the problem, according to a report by the ...more »

Disputes With Irs
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Dan Morain: Nonprofits don't deign to disclose
Sacramento BeeOctober 2, 2011

"I don't know whether there is the political will at the IRS to tackle this issue in a presidential election year." Nonprofit corporations get the sweetest of all tax breaks. They don't have to pay taxes. In exchange, they have a few obligations, ...more »

Garnishment
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ADP Achieves Oracle Validated Integration With Oracle E-Business Suite 12.1
Sacramento BeeOctober 4, 2011

This functionality can help joint customers improve the accuracy and efficiency of their sales and use tax calculations by providing access to periodically updated rates and rules developed by an in-house staff of sales and use tax experts. ...more »

Chapter 7 Bankruptcy
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Goodwin Procter Names 17 New Partners
MarketWatch (press release)October 3, 2011

Michael T. Jones (Boston, Securities Litigation & SEC Enforcement). Jones represents corporate and individual clients in a variety of regulatory, civil and criminal investigations by the Securities & Exchange Commission, Department of Justice, ...more »

Personal Bankruptcy
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Guilty plea from alleged Ponzi schemer?
CJADOctober 3, 2011

Today, lawyers postponed the case until late next month. A guilty plea may be in the works. Newman admitted to the alleged crimes to a bankruptcy trustee. A forensic audit revealed that only 120-thousand dollars remained in Newman's bank account.more »

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