Alabama Supreme Court Rules Cities, Counties Can Declare Bankruptcy by Joel Glucksman on 4/26/2012 Alabama Supreme Court Rules Cities, Counties Can Declare Bankruptcy by Joel R. Glucksman Alabama’s state Supreme Court ruled that cities and counties that are not holding bond debt are still protected under bankruptcy...more
MUNICIPAL TAXES, TAX SALE CERTIFICATES, AND THE MATTER OF PRINCETON OFFICE PARK – (Part 1 of 4) – The Need for Muncipalities to... by Joel Glucksman on 3/2/2012 The Need For Municipalities To Sell Tax Liens In New Jersey, unpaid real estate taxes are a “continuous lien” on land, N.J.S.A. § 54:5-6. However, it is often not easy for municipalities to realize a sufficient financial...more
Harrisburg, PA files for Bankruptcy by Aaron Nielson on 10/13/2011 Harrisburg, PA files for Bankruptcy Pennsylvania’s capital city Harrisburg filed for bankruptcy protection on Wednesday October 12, 2011. Municipal bankruptcy filings are not common. These cases are filed under Chapter 9...more
Are bankruptcy filings increasing or decreasing? by Aaron Nielson on 10/13/2011 Are bankruptcy filings increasing or decreasing? This is a common question I receive. Are more people filing bankruptcy now or has it slowed down? The number of cases filed each month isn’t a secret. The courts...more
What is the dollar in the United States by Dan Goodman on 9/30/2011 A dollar in the United States is a Spanish Milled dollar coin, or its equivalent, in coin form, containing 371.25 grains of fine silver. Legal authority quoted, cited, and linked....more
Kenneth Ellman two comments on Postal Service Deficit Cultural and Analysis at The Economist by Kenneth Ellman on 9/14/2011 From Kenneth Ellman, email:ke@kennethellman.com, PO Box 18, Newton, NJ 07860 Phone: 9738968284. September 14, 2011 United States Postal Service Controversy I made these two comments in reviewing the never ending...more
Bankruptcy Options for When You Can't Raise Your Debt Ceiling by John Skiba on 7/29/2011 It is an interesting comparison to watch what is going on Washington with their attempts to raise the debt ceiling and comparing that to your own debt issues. The government has bills to pay, no money, and so it wants its...more
Sale of the Century-Five Days in September by Shumaker, Loop & Kendrick, LLP on 11/11/2010 In September 2008 Lehman Brothers Holdings Inc. and Lehman Brothers Inc. (collectively, “Lehman”) sold their historically coveted brokerage business to Barclays Capital Inc. Many believe the sale was necessary to prevent a...more
Attorney General Suffers Setback in Placement Agent Suit by Allen Matkins Leck Gamble Mallory & Natsis... on 9/15/2010 Yesterday, Bankruptcy Court Judge John Peterson issued his written decision regarding whether the State of California should be granted relief from the bankruptcy automatic stay in order to pursue a civil enforcement action...more