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Bankruptcy Research Finds Bankruptcy Law Reform Has Hurt the Poor Most (Newswise)
A new study co-authored by University of Law professor Katherine Porter found that federal bankruptcy reforms that took effect in 2005 have not protected low-income people nor forced well-off people to pay their debts, as the law intended.
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Chrysler Assessed, Dropped Bankruptcy Before Aid Push (Update2) (Bloomberg)
Nov. 19 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC's chief executive officers told Congress they studied bankruptcy before dismissing the idea as unworkable and asking the U.S. government for money to survive.
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Chrysler Assessed, Dropped Bankruptcy Before Aid Push (Update1) (Bloomberg)
Nov. 19 (Bloomberg) -- Chrysler LLC Chief Executive Officer Robert Nardelli told Congress his automaker studied a prearranged bankruptcy before dismissing the idea as unworkable and approaching the U.S. government for money to survive.
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Chrysler Considered, Abandoned, Bankruptcy Before Seeking Aid (Bloomberg)
Nov. 19 (Bloomberg) -- Chrysler LLC Chief Executive Officer Robert Nardelli said his company studied a prearranged bankruptcy before dismissing the idea as unworkable and approaching the U.S. government for money to survive.
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FHA-Backed Loans: The New Subprime (BusinessWeek)
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‘Smiling Bob’ to be sold for $2.75m (Nutraingredients.com)
Bankruptcy trustee, Richard Nelson, said Berkeley had signed an asset purchase agreement with the Ohio-based buyer that included all of Berkeley’s herbal supplements brands including Enzyte, the product that brought Smiling Bob to the attentions of late night television audiences across America.
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Senator warns of 'cascade' in General Motors bankruptcy (El Paso Times)
WASHINGTON -- A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president.
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Taft Ranked #139 in The National Law Journal 250 (PR Newswire via Yahoo! Finance)
Taft Stettinius & Hollister LLP ranked #139 in number of attorneys, with 337, in the recently-released list of The National Law Journal 250 for 2008. The National Law Journal represents an annual survey of the nation's largest law firms.
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Treasury Denounced Over Bailout (New York Times)
The Treasury secretary, Henry M. Paulson Jr., on Tuesday rejected pleas to use money from the $700 billion bailout program to help homeowners avoid foreclosure or to stave off bankruptcy by Detroit’s Big Three automakers, The New York Times’s Edmund L. Andrews reported.
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UK Law's Passage Arouses Dispute Over Green Energy (Planet Ark)
LONDON - A move approved by Britain's lower house, to expand a price support plan for households making green energy to larger renewables projects, could undermine a vital existing scheme, big energy producers said.
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