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

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Google touts daily deal on home page, a first
Reuters CanadaSeptember 1, 2011

SAN FRANCISCO (Reuters) - Google Inc promoted a Groupon-like daily deals offer on its home page on Wednesday for the first time, a rare instance of the Internet giant using its prized online real estate for advertising. The world's No.1 Web-search ...more »

Law professor Liu confirmed for California high court
ReutersSeptember 1, 2011

After a hearing on Wednesday in San Francisco that lasted little more than an hour, the three members of California's Commission on Judicial Appointments asked Liu a total of five questions. That followed a parade of 10 speakers extolling Liu, ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Power-preaching author has new role at American Apparel: Calming influence
Kansas City StarSeptember 6, 2011

Greene's outsider perspective has been especially valuable in the last year as the company has confronted speculation that it would file for bankruptcy protection. Despite the cunning tone Greene adopts in his books, in person he's calm and ...more »

Collections
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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 »

Chapter 11, Chapter 13 Bankruptcy
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No GM Buybacks or Dividend in Sight
BloombergSeptember 1, 2011

General Motors Co., two years removed from bankruptcy court protection, may fall further behind obligations even as it makes strides in the marketplace. General Motors Co., two years removed from bankruptcy court protection, may fall further behind ...more »

Disputes With Irs
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Veteran attorney disbarred, pleads guilty to tax evasion
Baltimore SunSeptember 1, 2011

His plea calls for him to pay more than $660000 in unpaid taxes and to forfeit more than $490000 in cash that prosecutors say he "structured," a term for depositing money into an account in increments less than $10000 to avoid IRS reporting ...more »

Personal Bankruptcy
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Lawyer Discipline
WisBarSeptember 1, 2011

Schoenecker stipulated to the revocation of the discharge, acknowledging that he had filed false schedules, had testified falsely at the creditors' meeting, and otherwise had violated federal bankruptcy law. By agreeing to represent the fiancée while ...more »

Chapter 7 Bankruptcy
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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 »

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