Bankruptcy Law

Court lets Stockton, Calif. cut retiree health care – Reuters India

Stockton’s attorneys had argued that bankruptcy law gave the city wide latitude on how to spend its revenue while it prepares a plan to restructure its finances. “For the reasons explained in the forthcoming decision of this court, the …

Report: Let private student loans be discharged in bankruptcy – Sun Sentinel

The agencies say these loans offer so little flexibility to struggling borrowers that Congress might consider revising the bankruptcy law given today’s tough economy. Bankruptcy, of course, should never be entered into lightly because the …

Report: Let private student loans be discharged in bankruptcy – Baltimore Sun

The agencies say these loans offer so little flexibility to struggling borrowers that Congress might consider revising the bankruptcy law given today’s tough economy. Bankruptcy, of course, should never be entered into lightly because the …

Stockton, California, Cuts Retiree Health Care Benefits Amid Bankruptcy Proceedings – Huffington Post

Stockton’s attorneys had argued that bankruptcy law gave the city wide latitude on how to spend its revenue while it prepares a plan to restructure its finances. “For the reasons explained in the forthcoming decision of this court, the …

Holder Law Firm Linked To Corzine’s MF Global – FOX News

First, the Government Accountability Institute has discovered that prior to going bankrupt, MF Global was a client of Mr. Holder’s former law firm … 2011,” the date MF Global filed for bankruptcy protection. Furthermore, this connection …

Bankruptcy Shift Wouldn’t Ease Much Student Debt – Businessweek

The report’s most controversial suggestion was that Congress reconsider the 2005 law that excluded student loans from bankruptcy. Congress had intended the law to promote more lending and lower interest rates, but the report says it didn’t …

ResCap bankruptcy examiner eyes subpoenas, 6-month probe – Reuters

Gonzalez retired in March as chief judge of the Manhattan bankruptcy court, where he oversaw such bankruptcies as Chrysler LLC, Enron Corp and WorldCom Inc. He is also a professor at New York University School of Law. Once part of … Continue reading

The Broke and the Beautiful: Curt Schilling Edition – Wall Street Journal

… over what’s known as “bankruptcy tourism,” in which rich Irish citizens file for bankruptcy in the U.K. to avoid Irish insolvency laws. If Filan had filed for bankruptcy in Ireland, it could have taken him 12 years to let … Continue reading

The San Diego Bankruptcy Lawyers at the Golden State Law Group Offer Free Initial Consultation to Those Struggling With Drought-Induced Rise in Food Prices – NBCNews.com

The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group, a firm dedicated to providing legal assistance to businesses and consumers who are experiencing financial difficulties, hereby announce that the firm is offering a free … Continue reading

New bankruptcy law strengthens German employers – World Socialist Web Site

According to figures from the Creditreform agency, 15,200 companies declared bankruptcy in Germany between January and June of this year. The 150,000 workers employed by these companies now confront unemployment—a 36.6 percent increase compared to the …