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Harrisburg vs Pennsylvania set for court on Monday (Reuters)
(Reuters) – Pennsylvania blasted Harrisburg's bankruptcy filing as "brazenly" disregarding state law and the mayor won a day in court Monday in her bid to throw out the City Council's decision to seek bankruptcy protection.
Updated: 10/14/2011 05:04P
Harrisburg Mayor, Pa. Lawyers Oppose Bankruptcy Petition
Read Moreania's financially distressed capital city is seeking Chapter 9 bankruptcy Wednesday, Oct. 12, 2011, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a City Council member was not legal.
Updated: 10/14/2011 05:04P
Pa. lawyers, mayor oppose Harrisburg bankruptcy
Philadelphia attorney Neal Colton filed the state's objections to the bankruptcy on Friday, saying a state law expressly forbids it, while Harrisburg lawyer Kenneth Lee told the court the city and Mayor Linda Thompson believe the petition is not valid.
Updated: 10/14/2011 05:00P
Harrisburg vs Pennsylvania set for court on Monday
James Spiotto, a specialist in municipal bankruptcy with the law firm of Chapman and Cutler, told Reuters Insider on Wednesday that one in four Chapter 9 cases are dismissed or closed without a plan. Chapter 9 petitions can be challenged for lack of
Updated: 10/14/2011 05:00P
Zalutsky & Pinski Announces New Online Webisode on Wage Garnishment and Wage
About Zalutsky & Pinski Ltd: Zalutsky & Pinski is one of Chicagoland's premier bankruptcy law firms, backed by over 50 years of service. It was founded by Irwin L. Zalutsky, BA, LLB, JD and Ronald L. Pinski, BS and JD, (retired.).
Updated: 10/14/2011 04:56P
Madoff Feeder Fund Sues Citi Unit, Others For $143M
Law360, New York (October 14, 2011, 4:51 PM ET) -- Madoff feeder fund Fairfield Sentry Ltd. filed three suits in New York bankruptcy court on Thursday seeking to recoup more than $143.5 million in payments made to a Citigroup Inc.
Updated: 10/14/2011 04:55P
Bankruptcy Law Change Could Help Consumers Recover: Experts
As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy. These experts say Congress should amend the
Updated: 10/14/2011 04:55P
A message to our readers:
Apparently, the Perrys know all too well the pain of unemployed Americans, because their own son has lost his job. Not just that, but he was made jobless by the Obama administration's onerous regulations! The conservative nightmare scenario played out
Updated: 10/14/2011 04:32P
NCUA Sues Former St. Paul Croatian FCU Members
The agency, in a suit filed in US Bankruptcy Court in Akron, Ohio, is seeking the money from Sinisa Baros and Simona Baros of Medina, Ohio, who were among the members of the now-defunct credit union who received loans authorized by the former CEO
Updated: 10/14/2011 04:26P
Khosla Ventures Raises New Clean Tech Fund
raising funds and the solar industry is facing an uncertain future in the wake of the Solyndra bankruptcy disaster, the Sun Microsystems cofounder has managed to raise $1.05 billion to funnel money into Cleantech, IT mobile, and Internet companies.
Updated: 10/14/2011 04:23P
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