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

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Solar Firm Aided by Federal Loans Shuts Doors
New York TimesSeptember 1, 2011

Two other American solar companies, Evergreen Solar and SpectraWatt, also sought bankruptcy protection in August, and both said competition from Chinese companies had contributed to their financial problems. In the case of Solyndra, some experts said ...more »

Copyright law supports failing business model - TUANZ head
New Zealand HeraldSeptember 1, 2011

File photo / Thinkstock The head of the Telecommunications Users Association of New Zealand has slammed the new "three strikes" law as an act which "serves only to support a business model that no longer works in the internet age". ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Anglo tries to stop former chief from declaring bankruptcy in the US
thejournal.ieSeptember 1, 2011

Drumm's hearing is ongoing in the Us Bankruptcy Court in Boston. Reuters reports that Anglo claims Drumm altered the terms of loans taken out by he and other directors of the bank to avoid any risk of personal liability. Anglo's complaints to the court ...more »

Collections
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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 »

Chapter 11, Chapter 13 Bankruptcy
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CEO Marchionne can reshape Chrysler board
Detroit Free PressSeptember 1, 2011

Five of the nine members who are on Chrysler's board of directors were appointed by the US and Canadian governments in 2009 when the automaker emerged from Chapter 11 bankruptcy. At the time, Chrysler owed money to the governments, and they held ...more »

Disputes With Irs
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HSBC Transaction Services – First FATCA Customer of Software Daten Service
EON: Enhanced Online News (press release)September 1, 2011

Until then, all securities processing service providers worldwide have to meet the requirements of the IRS Reporting with one software product for all client institutions. “We appreciate HSBC Transaction Services' trust in our product. ...more »

Garnishment
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The law provides several ways to collect on judgments
Inland Valley Daily BulletinSeptember 17, 2011

Wage garnishments, bank levees, attachment of personal property and judgment debtor examinations are formal ways to collect monetary judgments. Of those listed, a bank levy is often the most effective way to collect a judgment. ...more »

Chapter 7 Bankruptcy
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Popular restaurant Ralph & Rosie's in bankruptcy, closed
Palm Beach PostSeptember 2, 2011

The owners say they aren't subject to the law because the hut was built by a Seminole Indian. View of Ralph and Rosie's Restaurant on Jan. 12, 2011, in Boynton Beach. By Lona O'Connor BOYNTON BEACH — After three years and $660000 in city fines, ...more »

Personal Bankruptcy
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US judge to decide on Drumm bankruptcy trial
RTE.ieSeptember 1, 2011

A judge in the United States is to decide whether a fresh claim by Anglo Irish Bank about its former chief executive, David Drumm, merits a high-profile bankruptcy trial. It emerged last night that the bank has asked a US court to deny David Drumm a ...more »

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