Bankruptcy Law

Valensi Rose PLC Partner Gary Torrell Speaks on Tax Law and Bankruptcy at Beverly Hills Bar – Newswiretoday.com

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Attorney Gary F. Torrell of Valensi Rose PLC will speak on “How Tax Law Affects Bankruptcy” at the Beverly Hills Bar Association luncheon on July 25 at … Continue reading

California City Facing Bankruptcy Depleted Reserve Funds – Bloomberg

Stockton, a community of 292,000 east of San Francisco, and Mammoth Lakes, a mountain resort of 8,200, both entered into mediation with creditors such as labor unions and bondholders before filing for bankruptcy in the past three weeks. A law … Continue reading

Dewey’s dilemma over client files: to shred or not to shred – Reuters

There is no law governing the destruction of files when a firm liquidates. However, bankruptcy law gives companies the right to abandon property it deems burdensome. A bankrupt company also has a fiduciary duty to save as much money as … Continue reading

San Bernardino bankruptcy: police, fire chiefs make response vow – Los Angeles Times

On Tuesday, the City Council voted to seek Chapter 9 bankruptcy protection, a section of federal law for municipalities facing insolvency. Interim City Manager Andrea Miller told the council the city faced a $45.8-million budget shortfall …

Botticelli May Aid Bankruptcy of Imprisoned Salander – Businessweek

The bankruptcy “has been nothing less than a nightmare … a valuable painting concededly owned by Kraken,” she wrote. She said New York state law allows for that because the owner failed to make a filing required by New York’s … Continue reading

San Bernardino Bankrupt. Up Next: Scranton? – ABC News

But the next bankruptcy might not come from California … says Mayor Doherty is violating the city’s contractual obligations. “There’s not a law around he hasn’t violated.” Jennings has brought suit to stop Doherty from issuing any more …

Bills, few options mean bankruptcy for CA city – msnbc.com

“The city needs breathing room and the bottom line is we cannot default on payments to our employees without violating the law,” City Attorney James Penman … came only after months of consideration. Bankruptcy experts say the decision in San … Continue reading

San Bernardino Bankruptcy Means Many Bills, Few Options – Huffington Post

“The city needs breathing room and the bottom line is we cannot default on payments to our employees without violating the law,” City Attorney James … came only after months of consideration. Bankruptcy experts say the decision in San …

Botticelli May Aid Bankruptcy of Imprisoned Salander – Bloomberg

The bankruptcy “has been nothing less than a nightmare … a valuable painting concededly owned by Kraken,” she wrote. She said New York state law allows for that because the owner failed to make a filing required by New York’s … Continue reading

Homeowner’s ‘Bill of Rights’ has limits – msnbc.com

Among those who will not be helped by the law are homeowners who have an open bankruptcy case, those with second or third lien mortgages, and those who are losing rental properties. In a bankruptcy case, federal bankruptcy laws would … Continue reading