Bankruptcy Law News. Crime Stories, Law on News and Legal Publications in April, 2017

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Design failures and professional risks
PropertyCasualty360April 1, 2017

Therefore, had liability insurance been in existence at that time, the wording of the insurance contracts themselves would have been the principal means of defining the rights and duties of insurers and their insureds. An amphitheater collapse ...more »

How scammers target minority communities
The Nevada IndependentApril 1, 2017

Miriam Hickerson, right, Ombudsman of Consumer Affairs for Minorities at the Nevada Department of Business and Industry, talks to a victim of immigration fraud in the foyer at Grant Sawyer State Office Building on Thursday, March 23, 2017. (Jeff Scheid ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Crisil sees weak recovery on spike in bad loans to 10.6% by March
Moneycontrol.comApril 3, 2017

Crisil sees weak recovery on spike in bad loans to 10.6% by March. "Credit quality of India Inc is gradually recovering, but the underpinnings remain fragile because some sectors continue to struggle and several large companies remain highly indebted," ...more »

Collections
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50 Things Anyone Dealing With a Debt Collector Should Know
Atlanta Journal ConstitutionApril 5, 2017

Getting a debt collection call is never fun. Even in a best-case scenario — it's your debt and you can pay — that outstanding account can cause a headache or two. And if the debt's contentious, not yours or just too darn high, the situation can ...more »

Bankruptcy Law
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Homeowners In Limbo After Homebuilder Bankruptcy
CBS DFWApril 4, 2017

The builder has declared bankruptcy and the law offers little protection. “They'd rather put the onus on the homeowner to have to bear the costs, as opposed to the subcontractor,” said Fielding. Until they can settle the liens, the Nortons have stopped ...more »

Disputes With Irs
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John Wiley Price finances picked apart by IRS agents in attempt to ...
Dallas News (blog)April 3, 2017

As prosecutors told jurors, there would be no suitcases stuffed with cash in this Dallas public corruption case but a steady stream of payments...more »

Garnishment
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Judge orders civil judgment put toward restitution
Waterloo Cedar Falls CourierApril 15, 2017

... estate and court costs. Ernst had attempted to quash the state's attempt to divert his money, citing statutes that limit garnishment of earnings. But in a March 13 ruling, District Court Judge Andrea Dryer ruled the funds didn't qualify as earnings ...more »

Chapter 11, Chapter 13 Bankruptcy
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Chapter 11 filing gives financial snapshot of GV Hospital
Green Valley NewsApril 5, 2017

Green Valley Hospital's CEO said in a Chapter 11 bankruptcy filing this week that the facility was “under-capitalized, poorly governed, and poorly managed from its inception,” and lost $35 million in its first 18 months. Liabilities were placed at ...more »

Personal Bankruptcy
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Insolvency Rules - Disclaimer
Lexology (registration)April 3, 2017

(1) This rule applies where section 315(4) requires the trustee to obtain the court's permission to disclaim property claimed for the bankrupt's estate under section 307 or 308. Paragraph 16 of Schedule 6 to the Deregulation Act 2015 (c.20) amends ...more »

Chapter 7 Bankruptcy
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3 Southeast Texas Payless stores closing after company files for bankruptcy
KFDM-TV NewsApril 6, 2017

Payless has been in talks with its lenders for months over a restructuring plan that at one point included closing as many as 1,000 stores, or a quarter of the company's locations. Additional store closures are likely. The company said it planned to ...more »

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