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

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Mayor requests special jobs rules for LA
89.3 KPCCSeptember 1, 2011

At the risk of mentioning reality, I'd point out that if you go out and get Federal regulations lifted, you are in fact "cutting red tape." Anyone working on a project locally would then spend locally. ....like a Chicago machine politician? ...more »

Candidates for Missouri Supreme Court face public questioning
STLtoday.comSeptember 1, 2011

One applicant who interviewed Wednesday, St. Peters attorney Richard Gartner, took the opportunity to praise the state's merit-based judicial selection method for “focusing on credentials.” “These positions need the most qualified people, ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Chicago alderman wants ban on discrimination against jobless
Chicago TribuneSeptember 10, 2011

The state last year enacted a prohibition on considering credit histories in employment decisions except in certain circumstances, such as when an employee works at a bank, handles financial instruments or large amounts of cash, works in law...more »

Collections
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NewPage, Cerberus-Owned Papermaker, Files for Bankruptcy
BusinessWeekSeptember 7, 2011

The company has been working on a restructuring plan since at least April with Lazard Ltd., FTI Consulting Inc. and law firm Dewey & LeBoeuf LLP, according to people who spoke in April on condition of anonymity. NewPage said Aug. ...more »

Chapter 11, Chapter 13 Bankruptcy
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Hostess Brands Hires Restructuring Advisers
Wall Street JournalSeptember 1, 2011

She has advised auto-supplier Dana Corp. and others on renegotiating union contracts during bankruptcy reorganizations. Hostess filed for bankruptcy protection in 2004 as consumers started shifting away from sugary snacks and government regulators ...more »

Disputes With Irs
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IRS stepping up audits of wealthy taxpayers
The Seattle TimesSeptember 4, 2011

For the general population the chance of coming under IRS scrutiny is slim. The audit rate last year was 1.11 percent of all taxpayers, up from 1 percent a year earlier. By Karen Hube JULIO CORTEZ / THE ASSOCIATED PRESS Rapper Ja Rule was sentenced in ...more »

Garnishment
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Cosigning Bad Credit Auto Loans
Auto Credit Express (blog)September 11, 2011

In addition to the primary borrower, both co-signers and co-buyers can be subject to collection action, including wage garnishment, if the loan goes into default. 4. During the application process, the lender will review the credit reports of both ...more »

Chapter 7 Bankruptcy
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Three years on: Fallout from a bankruptcy
Investment WeekSeptember 9, 2011

Interestingly in today's environment the same questions now extend to ETFs. Skelt says some 'very complex', swap based products raise particular concerns. “What happens if some part of the counterparty structure is embedded and the ETF goes bust? ...more »

Personal Bankruptcy
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Solyndra Bankruptcy: Economic and Sustainable Business Lessons
Triple PunditSeptember 2, 2011

The once highly touted clean tech start up, Solyndra, has filed for bankruptcy.Solyndra was hoped to be a key mover and player in the clean tech and solar industry. The United States Federal ...more »

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