Current Affairs

Raiders Legend BANKRUPT Sells Super Bowl Rings

08/10/11

"NFL legend Ray Guy -- widely considered the GREATEST punter of ALL-TIME -- has been forced to sell off his three SUPER BOWL rings after filing for bankruptcy back in the spring. 61-year-old Guy -- a seven-time Pro Bowler --...

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Dodgers' merchandise vendor cries foul

08/10/11

"As the Dodgers operate under bankruptcy protection, their merchandise vendor has asked the U.S. Bankruptcy Court for protection from the Dodgers. With Dodger Stadium merchandise revenue down by 25% this season, Facility Merchandising Inc. (FMI) could face a "business-threatening event"...

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AIG sues Bank of America for $10B over mortgages

08/08/11

August 08, 2011 1:14 PM EDT NEW YORK (AP) — American International Group Inc. said Monday it sued Bank of America Corp. for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued....

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Las Vegas Real Estate Agent Pleads Guilty to Tax Fraud and Bankruptcy Fraud Charges

08/05/11

"German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding, the Justice Department and the...

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Dodgers, MLB submit loan agreement to bankruptcy court

08/05/11

"The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday, under which the league would loan the Dodgers the money needed to get through the season at 7% interest and would not...

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California: Crystal Cathedral Not for Sale

08/04/11

"The Crystal Cathedral Ministries board has decided not to sell the campus of the landmark Orange County church, as the ministry works to emerge from bankruptcy proceedings. Potential buyers, including the Diocese of Orange, had offered up to $50 million...

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Bankruptcy Inn Alliance

08/04/11

From: Andrew R. Turner [mailto:[email protected]] Sent: Thursday, August 04, 2011 9:19 AM To: Brett Curlee; Esq. Subject: New Bankruptcy Inn of Court Alliance Colleagues in the American Inns of Court Bankruptcy Community: As our new Inn programming year begins, Michael...

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Info from Chapter 13 Trustee

08/02/11

Recent postings by Aki Koyama, staff attorney for Kathy Dockery, on Facebook: 1. As you are aware, Judge Donovan has consolidated his two August Chapter 13 Calendars and will have only one Confirmation Hearing and Trustee Motion Calendar on August...

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ABI Ethics Task Force / Project

08/01/11

Posted by Jim Cossitt: I am a member of a recently formed ABI Ethics Task Force / Project that is going to be making proposals for uniform national standards. We are just getting started and I will put this on...

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Small Rhode Island Town Goes Bankrupt

08/01/11

"Central Falls, Rhode Island, a little town in the northeast part of the state, with a population of only has 19,376, has gone into Chapter 9 bankruptcy." Read more here.

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