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

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SIerra Law Enforcement Chaplains offer help in times of crisis ...
Folsom TelegraphFebruary 1, 2017

Have you ever wondered, “Who would be there to help us when tragedy strikes?” Besides public safety personnel, a unique non-profit organization has stepped ...more »

iStock / zimmytws
WJXT JacksonvilleFebruary 1, 2017

... contract that expressly contemplates and accepts that Florida law may limit the amount of attorney's fees," Polston wrote in a dissent joined by Chief Justice Jorge Labarga. The effect of the ruling is to take $2.5 million from the guardianship of ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Moody's affirms Standard Industries' Ba2 CFR; rating outlook stable
Moodys.com (press release) (subscription)February 2, 2017

New York, February 02, 2017 -- Moody's Investors Service affirmed Standard Industries, Inc.'s ("Standard") Ba2 Corporate Family Rating and its Ba2-PD Probability of Default Rating as it continues with its acquisition of Braas Monier Building Group S.A ...more »

Collections
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If Dallas files for bankruptcy, our treasures could go on the block
Dallas NewsFebruary 1, 2017

It's unlikely that anything from the art museum collections would be sold, since, according to one legal opinion, funds from the sale of works owned by the city would have to be funneled back into art. But certainly the paintings at the Detroit Museum ...more »

Bankruptcy Law
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Louisiana Heart Hospital to close after filing for bankruptcy
Becker's Hospital ReviewFebruary 1, 2017

Louisiana Heart Hospital in Lacombe and its affiliated medical group filed for Chapter 11 bankruptcy Jan. 30 and will close by the end of February. The hospital has faced financial challenges in recent years, as it struggled to balance shrinking ...more »

Disputes With Irs
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IRS Issues More Helpful Form 990-EZ for Nonprofits
Accountingweb.comFebruary 2, 2017

“We've been reviewing the areas of the form where exempt organizations encounter the most trouble,” IRS Commissioner John Koskinen said in a prepared statement on Jan. 31. “One out of three paper filers has an error on their form. After reviewing these ...more »

Garnishment
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Man jailed for owing $223K in back child support
USA TODAYFebruary 8, 2017

Haywood did not pay child support, Ainsworth said, and her ex-husband's check was eventually garnished. Haywood quit his ... "In order for him to get out, he's going to have to make a good faith sizable payment, as well he should," Thompson said ...more »

Chapter 11, Chapter 13 Bankruptcy
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Trademarks, Trade Names Not Protected by Bankruptcy Law, but Licensee Rights Prevail
Lexology (registration)February 3, 2017

Addressing a circuit split over a trademark licensee's rights following a debtor/licensor's bankruptcy, the US Bankruptcy Appellate Panel (BAP) for the First Circuit held that, although trademarks and trade names are not included in bankruptcy law's ...more »

Personal Bankruptcy
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Coal Miners Rejoice After Senate Votes to Repeal Stream Protection Rule
FortuneFebruary 2, 2017

The battered U.S. coal industry rejoiced after the Senate voted on Thursday to repeal a rule that limited companies from dumping mining waste in streams, saying the move could halt the sector's decline. The Senate, approving a resolution passed by the ...more »

Chapter 7 Bankruptcy
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Former Monarch Mortgage CEO sentenced to 2 years in prison for bankruptcy fraud
wtkr.comFebruary 8, 2017

The bankruptcy investigation stems from stock that Yoder owned in Sirius Radio. According to federal authorities, Yoder failed to disclose the sale of his Sirius stock, which he discreetly sold in October 2012 for approximately $350,000. On the same ...more »

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