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

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Multiple Scams Hit Washington
KEPR 19September 1, 2011

Know how to protect yourself from the most recent scams in our area, including Debt Collection, Refunds, and Traffic Tickets. Both law enforcement and BBB are hearing about similar scam scenarios in recent days. ...more »

Australia's GST Rate is Too Low
Taxation: News & InformationSeptember 1, 2011

In his speech Greg Smith also said that the issue of GST taxation is far more important than is currently portrayed in the media. He explained that increased levels of economic activity alone are expected to raise GST revenues by AUD 12 billion by the ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Lender: Even 9th Circuit knows its cramdown ruling creates a conflict
Thomson Reuters News & InsightSeptember 1, 2011

Penrod argued in her opposition brief that because the Bankruptcy Code does not define “purchase-money security interest,” the lower courts properly turned to California state law to conclude that funds advanced to pay off negative equity do not ...more »

Collections
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Hells Angels in court over fake debt collection
New Zealand HeraldSeptember 2, 2011

Three Hells Angels gang members were among four men arrested in Auckland in an operation targeting unlawful debt collection. Photo / file Three Hells Angels' gang members were among four men arrested in Auckland this morning in an operation to target ...more »

Chapter 11, Chapter 13 Bankruptcy
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Lehman, Boston Generating, Dodgers, M Waikiki: Bankruptcy
BusinessWeekSeptember 1, 2011

The Madoff firm began liquidating in December 2008, with the appointment of the trustee under the Securities Investor Protection Act. Bernard Madoff individually went into an involuntary Chapter 7 liquidation in April 2009. His bankruptcy case was ...more »

Disputes With Irs
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Man charged with bomb threat at IRS office
La Crosse TribuneSeptember 2, 2011

He was agitated and pacing at the Internal Revenue Service on the second-floor of the post office about 1 pm while demanding to speak to an agent, according to the complaint filed in La Crosse County Circuit Court. "If I don't see Kevin, ...more »

Garnishment
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What do I do if I have not filed my federal tax returns for several years?
Tax Law Home (blog)September 29, 2011

This can result in garnishment of your wages or a lien being placed on your home. If you have not filed one or more past federal tax returns, should you hire a tax attorney? At a minimum, you should have a tax attorney review your situation to get ...more »

Chapter 7 Bankruptcy
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Marriott Blasts Hawaii Hotel Owner's Bankruptcy Filing
Wall Street JournalSeptember 1, 2011

The international hotel company called the move self-destructive but said it will respect the law, which prevents the company from filing any countersuits during bankruptcy proceedings. "We will vigorously pursue tens of millions of dollars of claims ...more »

Personal Bankruptcy
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Could Central Falls' bankruptcy petition be rejected à la Boise?
WPRI-TV 12 (blog)September 3, 2011

The city is arguing that its personnel and pension costs are the problem, not its bonds – in fact, Rhode Island's new state law explicitly protects bondholders from taking a haircut as part of the bankruptcy process, which no other state has tried to ...more »

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