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

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Amendment allows secret investigations
China DailySeptember 1, 2011

BEIJING - A controversial clause in a draft amendment to China's Criminal Procedure Law has met with mixed reaction from legal experts for allowing the police to conduct secret investigation and detention of suspects of national security crimes. ...more »

Fraud allegations a defeat for Chan
Edmonton JournalSeptember 1, 2011

As a columnist for the respected Hong Kong Economic Journal newspaper, he fused his knowledge of the Chinese classics, history and culture with theories on management, finance and business to nurture a steady readership. As head of Sino-Forest, ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Stock futures fall ahead of key macro data
ReutersSeptember 1, 2011

US stocks closed out the worst month in more than a year on an up note on Wednesday, with sharp gains in the last several days still not enough to repair the damage from a US credit downgrade and fears of a slide back into recession. ...more »

Collections
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A Post-Labor Day Look At Amazon's Jobs And Tax Strategy
ForbesSeptember 5, 2011

I've worked in the Washington DC bureau of Forbes for more than two decades and in recent years have spent much of my time reporting about taxes -- tax policy, tax planning, edgy tax shelters, tax evasion, wacky tax credits, and Congressional tax ...more »

Chapter 11, Chapter 13 Bankruptcy
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Harrisburg City Council Rejects Fiscal Plan to Rescue Pennsylvania Capital
BloombergSeptember 1, 2011

The capital is barred from declaring bankruptcy before July, according to a Pennsylvania law that also calls for the city to lose state funds if it does. Councilman Kelvin Summerford, who supported the mayor's plan, said its defeat further clouds the ...more »

Disputes With Irs
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IRS Warns Employers about Payroll Outsourcing Fraud
Accounting TodaySeptember 2, 2011

The Internal Revenue Service issued advice on Friday to employers who outsource their payroll duties to third-party service providers. In a tax tips email, the IRS referred to recent prosecutions of individuals and ...more »

Garnishment
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Milwaukee judge takes away popular debt maneuver
Milwaukee Journal SentinelSeptember 10, 2011

He found that disconnection is not an "execution, attachment or garnishment" specifically prohibited by the statute, a 50-year-old law unique to Wisconsin. The debtor's attorney in the case, Arnold Lueders of Credit Solutions, disagrees with Pocan's ...more »

Chapter 7 Bankruptcy
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Madoff, M Waikiki Hotel, Ambac, Borders, West End: Bankruptcy
BusinessWeekSeptember 2, 2011

Rakoff has been taking suits away from the bankruptcy court where claims are based on common law. The new suits only make claims under bankruptcy law. Still, Rakoff has yet to rule on a motion by a customer who wants a fraudulent transfer suit under ...more »

Personal Bankruptcy
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When a Bankruptcy 'Event' Doesn't Mean Bankruptcy
New York TimesSeptember 1, 2011

In finance and law, bankruptcy is understood to mean a process for resolving financial distress, like those under the United States Bankruptcy Code or the Companies' Creditors Arrangement Act in Canada. State law assignments for ...more »

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