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May 14, 2004
Property taxes — delinquencies Trial court correctly held that county did not violate state Property Tax Code by acquiring tax-delinquent properties with ‘no-cash’ bids and then assigning them, without any compensation, to city. The Illinois Appellate Court, 1st District, 1st Division, has affirmed a ruling by Judge Nancy J. Arnold. In a complaint filed in...
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M&A activity on the upswing By Lisa Singhania, Associated Press writer NEW YORK — With price tags as high as $63 billion and $58 billion, the merger business is awakening from the bear-market hibernation that made corporate marriages a tough sell the last few years. Some 2,052 U.S. M&A deals were announced in the first...
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DEBTOR’S TAX RETURN FILED AFTER IRS SFR AND ASSESSMENT WAS NOT A “RETURN” FOR PURPOSES OF BANKRUPTCY DISCHARGE The Court concludes that the document Ehrig submitted to the IRS in 2000 for year 1990, the accuracy of which was ultimately rejected by the IRS, although it may have been as accurate as was possible after...
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FEDERAL TRADE COMMISSION SHUTS DOWN NATIONAL CONSUMER COUNCIL The Federal Trade Commission on Monday shut down National Consumer Council Inc., citing “misrepresentations and omissions” by the Santa Ana nonprofit credit-repair firm and its for-profit affiliates. A notice on the locked door at National Consumer’s Deere Street office said a federal judge had appointed a financial...
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Debt collectors find no refuge behind bankruptcy code By Patricia Manson, Law Bulletin staff writer Despite their differences, the U.S. Bankruptcy Code and the Fair Debt Collection Practices Act can live side by side, a federal appeals court has held. The 7th Circuit Court of Appeals on Wednesday rejected the notion that the Code trumps...
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