Search results
Results from the WOW.Com Content Network
It provides for the restructuring of debt of financially distressed municipalities, limits the ability of financially distressed municipalities to obtain government funding; authorizes municipalities to participate in federal debt adjustment actions and bankruptcy actions under certain circumstances; and provides for consolidation or merger of ...
Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
In 2010, the city of Hamtramck, Michigan requested permission from the Governor under Michigan's authorizing law to file a petition for Chapter 9 Bankruptcy, [57] but was denied. Instead of bankruptcy, the treasury advised that Hamtramck be offered a selection of loan options. [58] Denied by courts Washington Park, Illinois: City 2010 4,200
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
The requirement had been set to come into effect for tax returns filed in early 2024, but following complaints from taxpayers, tax professionals and payment processors — who slammed the change ...
Among them are California, where a Middle-Class Tax Refund provides up to $1,050 per single tax filer, and Massachusetts, where a new law called Chapter 62F declares the state has to refund budget ...
Here's what it means for True Value's 100+ stores in Pennsylvania. True Value has filed for Chapter 11 bankruptcy, and will be sold to a competitor. ... USA TODAY NETWORK. October 15, 2024 at 12: ...
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.