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

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Farmers see potential benefits in legalizing industrial hemp
The Garden City TelegramApril 23, 2017

By 1958, America harvested its last significant hemp crop, and the lid on the coffin was closed with the passage of the Controlled Substances Act in the 1970s, which replaced the Marijuana Tax Act and relegated cannabis to the most prohibitive category ...more »

Scams push foreclosure fraud to limit, taking victims' homes
The LedgerApril 23, 2017

The phone call came as Raymond Murray neared the bottom of his luck. His wife had died, his career had been ended by injuries, and struggling to get by on his disability check, he had scraped together just enough to pay a lawyer to avoid imminent ...more »

Bankruptcy Law News and Stories

Bad Credit History
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Jack Falvey's Investor Education Briefs: Bankruptcy comes in many chapters
The Union LeaderApril 24, 2017

Chapter 7 codifies the rules for liquidation. Assets are sold to pay at least a ... Personal bankruptcy damages an individual's ability to obtain credit and can be a severe negative in maintaining any kind of financial order in one's life. Poor ...more »

Collections
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U.S. Chamber Commends West Virginia Governor for Passing Legislation to Curb Frivolous Lawsuits
Business Wire (press release)April 24, 2017

“S.B. 563 will reduce frivolous lawsuits regarding debt collection practices by permitting creditors to remedy violations before debtors resort to litigation. The legislation will prohibit abusive litigation while protecting victims from fraudulent ...more »

Bankruptcy Law
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Even in bankruptcy, oil bosses are promised riches
Houston ChronicleApril 24, 2017

"You've had some deals struck where the company goes bankrupt and the executives do very well, and that's wrong," said Dennis McCuistion, executive director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas.more »

Disputes With Irs
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EU Directs 4 Years In Jail For Major Tax Fraud, Corruption
Law360 (subscription)April 26, 2017

The council said the measures offer protection to the EU budget through deterrence of crimes that deprive or misappropriate EU funds, including value-added tax fraud, and that they will help level the playing field and improve investigation and ...more »

Garnishment
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In Today's Business World, Confronting Information Avoidance Is A Must
ForbesApril 25, 2017

Likewise, the failure to follow up on a tax notice from the IRS and determine how best to deal with a balance due invites further negative action against the debtor, such as levies and wage garnishments. By the same token, a failure to discover the ...more »

Chapter 11, Chapter 13 Bankruptcy
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Safety And Soundness And The Bankruptcy Code: Does A Bank ...
Mondaq News Alerts (registration)April 27, 2017

It is fair to say that not many, if any, banks have internal controls or policies and procedures to identify and mitigate deficiencies in the bankruptcy practices of ...more »

Personal Bankruptcy
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Meet the Press - April 23, 2017
NBCNews.comApril 23, 2017

He made these legislative promises in the first 100 days: tax reform, offshoring of jobs, infrastructure, school choice, health care, child care, immigration, ethics reform, more funding for the military, and dealing with crime and drugs. All of them ...more »

Chapter 7 Bankruptcy
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Supreme Court turns away GM appeal over ignition switches
Indiana LawyerApril 24, 2017

Robert Hilliard, a Corpus Christi, Texas, lawyer who has about 300 pre-bankruptcy cases pending against GM, said the decision wrecks GM's strategy to settle the strongest post-bankruptcy cases and refuse to negotiate with pre-bankruptcy plaintiffs.more »

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