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Bankruptcy is Just Filling Out Some Forms, Right?
Court News |
2021/06/22 14:20
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| Nothing could be further from the truth! My job as a Bankruptcy Attorney is to help clients understand the process, and how to navigate all of the complexities of Bankruptcy Law. My job is also to educate the public about common misconceptions of the Bankruptcy Process, and how it works.
You may think, well, if the client is broke, how can they afford to hire a lawyer? That is a legitimate question. But, in reality, if you are having financial troubles, as a business owner, or as a consumer, you can’t afford NOT to hire an attorney.
Many people might do a google search “how to file Bankruptcy”, and get some results, and with a bit of hunting, find some forms to fill out. What are the forms exactly? When a person or business files for Bankruptcy Protection, they are required to file a “Petition for Bankruptcy Relief”. They are literally asking the Court for Relief from their Creditors (companies they owe). Even if you think your case is simple, what you don’t know can hurt you.
When you Petition the Court for Relief, you are required to tell the Court in the Forms all about your financial life. The Petition asks you to list everything in the world that they own (Yes, the world!). So, if you own a timeshare in Florida, that goes on the list. If you own a plot of land in Europe, that goes on the list too! And, you have to list what you own such as cars and valuable items in your house. You also have to list EVERYONE YOU OWE. Every company, every person, no exceptions! These are just some examples.
There are approximately 60 pages of questions that every person or business owner has to answer UNDER THE PENALTY OF PERJURY. Full, accurate disclosure is the only way you can get relief from the Court. And how you disclose everything on the Petition is very important! This means that if anything is left off, you could be denied your Bankruptcy Discharge (completion document) or worse, be sentenced to Prison for Bankruptcy Fraud.
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High court sides with ex-athletes in NCAA compensation case
Court News |
2021/06/21 10:37
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The Supreme Court decided unanimously Monday that the NCAA can’t enforce rules limiting education-related benefits — like computers and paid internships — that colleges offer to student athletes.
The case doesn’t decide whether students can be paid salaries. Instead, the ruling will help determine whether schools decide to offer athletes tens of thousands of dollars in those benefits for things including tutoring, study abroad programs and graduate scholarships.
The high court agreed with a group of former college athletes that NCAA limits on the education-related benefits that colleges can offer athletes who play Division I basketball and football are unenforceable.
Justice Neil Gorsuch wrote for the court that the NCAA sought “immunity from the normal operation of the antitrust laws,” which the court declined to grant.
Under current NCAA rules, students cannot be paid, and the scholarship money colleges can offer is capped at the cost of attending the school. The NCAA had defended its rules as necessary to preserve the amateur nature of college sports.
But the former athletes who brought the case, including former West Virginia football player Shawne Alston, argued that the NCAA’s rules on education-related compensation were unfair and violate federal antitrust law designed to promote competition. The Supreme Court upheld a lower court ruling barring the NCAA from enforcing those rules.
As a result of the ruling, the NCAA itself can’t bar schools from sweetening their offers to Division I basketball and football players with additional education-related benefits. But individual athletic conferences can still set limits if they choose.
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Court: Local Wisconsin heath departments can’t close schools
Court News |
2021/06/11 10:05
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The Wisconsin Supreme Court ruled Friday that local health departments do not have the authority to close schools due to emergencies like the coronavirus pandemic, delivering a win to private and religious schools that challenged a Dane County order.
The conservative majority of the court, in a 4-3 decision, also ruled that a school closure order issued last year by Public Health Madison & Dane County infringed on constitutional religious rights.
The ruling is another victory for conservatives who challenged state and local orders issued during the pandemic to close businesses and schools, limit capacity in bars, restaurants and other buildings and require masks to be worn. All of those restrictions have either expired or been rescinded by courts.
Friday’s ruling will have no immediate impact because the 2020-21 school year has ended, but it will limit the powers of health departments in the future by preventing them from ordering school closures.
“Even as the COVID-19 pandemic recedes, the court’s decision provides a critical correction that ought to prevent future abuses of power in an emergency,” said Rick Esenberg, president of the Wisconsin Institute for Law and Liberty. That group brought the lawsuit on behalf of five private schools and eight families in Dane County, School Choice Wisconsin Action and the Wisconsin Council of Religious and Independent Schools.
Dane County Health Director Janel Heinrich said the ruling “hinders the ability of local health officers in Wisconsin to prevent and contain public health threats for decades to come.”
The lawsuit targeted an order issued in August by the county health department prohibiting in-person instruction for grades 3-12 at any public or private school. The Supreme Court in early September put that order on hold while it considered the case.
While many private and public schools in the county resumed in-person classes, Madison’s school district remained entirely virtual until March. Its school year ended this week.
The law in question allows local health departments to do what is “reasonable and necessary” to suppress a disease outbreak. It does not specifically grant authority to close schools. There is a law giving that power to the state Department of Health Services secretary.
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Appeals court upholds guilty verdicts in NCAA bribes case
Court News |
2021/06/04 10:48
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The convictions of a sports business manager and an amateur basketball coach in a conspiracy to bribe top college coaches to get them to steer NBA-bound athletes to favored handlers were upheld Friday by an appeals court.
The ruling by the 2nd U.S. Circuit Court of Appeals in Manhattan affirmed the 2019 convictions of Christian Dawkins and youth basketball coach Merl Code on a single conspiracy count. Dawkins was also convicted of bribery. They were acquitted of some other charges.
The prosecution resulted from a criminal probe that exposed how financial advisers and business managers paid tens of thousands of dollars to college coaches and athletes’ families to steer highly regarded high school players to big-program colleges, sometimes with the help of apparel makers who signed sponsorship deals with schools.
During the trial, universities were portrayed by prosecutors as victims of greedy financial advisers and coaches while defense lawyers asserted that schools were complicit in any corruption that occurred in 2016 and 2017.
Circuit Judge William J. Nardini, writing for a three-judge panel, said the judges rejected arguments that the law used to convict the men was unconstitutionally applied and that various rulings about evidence and other matters by the trial judge were erroneous.
“We are unpersuaded by these arguments,” Nardini wrote, saying the judges did not agree with arguments that the federal law used to convict the men should be limited as it pertains to the universe of “agents” to be influenced or the business of the federally funded organizations involved.
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Supreme Court ruling gives immigrant facing deportation hope
Court News |
2021/06/01 11:55
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A Guatemalan man who lived in a Massachusetts church for more than three years to avoid deportation said Tuesday he’s hopeful a recent U.S. Supreme Court decision boosts his efforts to remain in the country.
Lucio Perez’s lawyer, Glenn Formica, also said in a virtual news conference with his client that the April decision in Niz-Chavez vs. Garland also potentially affects the cases of millions more immigrants living in the country illegally.
The high court ruled in the Niz-Chavez case that federal policy has long deprived immigrants facing deportation of proper notification.
U.S. Immigration and Customs Enforcement typically issues a notice of a person’s deportation proceedings and then provides the hearing date and other key details in subsequent communications. The court ruled all relevant information should be included in a single notice.
U.S. Rep. James McGovern, a Massachusetts Democrat who joined Perez for the news conference, said the ruling is an opportunity to renew legislative efforts to overhaul the nation’s immigration laws.
Perez left the First Congregational Church in Amherst in March after receiving a temporary stay of his deportation. He was among more than 70 immigrants nationwide who took sanctuary in churches during former President Donald Trump’s administration.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
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