Monthly Archives: August 2012

Are Middle Class Phoenicians More Charitable Than the Rich?

Yes, based on a recent study comparing the charitable gifting habits of the rich and sometimes famous to those of the middle class. As 81-year-old billionaire philanthropist Charles “Chuck” Feeney would say, it’s best to be “giving while living.” How America Gives Shows Regular Folks are Regular Donors Did you know that households with $100,000 plus in annual income account for most charitable donations? In its special report on  How America Gives, the Chronicle of Philanthropy (“connecting the [...]

By |2012-08-24T15:18:19+00:00August 24th, 2012|Categories: Uncategorized|Comments Off on Are Middle Class Phoenicians More Charitable Than the Rich?

Was ATP Oil & Gas Bankrupted By Deepwater Drilling Ban?

On August 17, Houston-based ATP Oil & Gas filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. T. Paul Bulmahn, the 68-year-old CEO and Chairman of Houston-based ATP, blames President Obama’s administration for destroying his company:  “This administration has gone out of its way to create problems for my company, the company that I formed from scratch.”  The circumstances were not quite that simple, however. ATP Bond Issue Followed Deepwater Horizon Incident The company that [...]

By |2012-08-21T10:48:06+00:00August 21st, 2012|Categories: Uncategorized|Comments Off on Was ATP Oil & Gas Bankrupted By Deepwater Drilling Ban?

Don’t Lie to Bankruptcy Court

Twenty-seven months in prison, three years supervised release, and $631,050.52 in restitution to victims for obstruction of federal bankruptcy proceedings. That’s the sentence for a Maryland pastor caught hiding church assets and lying to the U.S. Bankruptcy Court. Dr. Shine Saves the Seed and Spends the Money 56-year-old Pastor Robert J. Freeman, a televangelist famous for his Save the Seed Ministry, Inc., Save the Seed International Church, and Seed Faith International Church, in Waldorf, MD, was living quite [...]

By |2012-08-16T12:48:43+00:00August 16th, 2012|Categories: Uncategorized|Comments Off on Don’t Lie to Bankruptcy Court

Step Two: San Bernardino Council Declares $$$ Emergency

San Bernardino’s city council took the second step toward municipal bankruptcy. The council voted on Wednesday, July 18, declaring the city’s finances to be in a state of fiscal emergency. This follows the council’s previous vote on Tuesday, July 11, to file for Chapter 9 municipal restructuring. Slipping Through the Loophole in California’s AB 506 By declaring a fiscal emergency, the city council took advantage of a narrow exception, a loophole, in California’s AB 506 legislation. That would [...]

By |2012-08-02T16:11:13+00:00August 2nd, 2012|Categories: Uncategorized|Comments Off on Step Two: San Bernardino Council Declares $$$ Emergency

HOT HOT HOT! Read the AZ Bankruptcy Newsletter, August 2012

Our blazing issue of the Arizona Bankruptcy Newsletter, August 2012 has arrived – está muy caliente! When Creditors Attack After Bankruptcy This month’s lead article talks about the unthinkable. What happens when creditors violate the law and keep harassing debtors even after a bankruptcy is filed? Learn how to deal with those creditors and bill collectors who willfully violate the automatic stay. Celebrity Osbournes Owe $1.4 Million in Taxes This famously colorful couple, Ozzy and Sharon Osbourne, have [...]

By |2012-08-01T12:00:34+00:00August 1st, 2012|Categories: Bankruptcy|Comments Off on HOT HOT HOT! Read the AZ Bankruptcy Newsletter, August 2012