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Category Archives: General
Common tax return mistakes that can cost taxpayers
Tax laws are complicated but the most common tax return errors are surprising simple. Many mistakes can be avoided by filing electronically. Tax software does the math, flags common errors and prompts taxpayers for missing information. It can also help … Continue reading
									
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		Illinois Attorney Sentenced to 2 Years on Bankruptcy Fraud Charges
Kevin Johnson (aka “K.O. Johnson”) of Sycamore, Illinois, was sentenced to spend 2 years in federal prison for bankruptcy fraud. Johnson was found guilty in August on four counts of bankruptcy fraud, one count of making a false entry in … Continue reading
									
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		Former Colts Linebacker Gary Brackett Is Putting his Super Bowl Ring Up for Auction Amid Bankruptcy Proceedings
Former Colts linebacker Gary Brackett is putting his Super Bowl XLI ring, as well as his AFC Championship rings, up for auction. Bracket played for the Colts from 2003-2011 and won the 2007 Super Bowl against the Chicago Bears. Bracket … Continue reading
									
						Posted in Bankruptcy, General					
					
				
				
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		American Airlines Posts a $931 Million Loss as the Industry Struggles to Recover
American Airlines said that it lost $931 in the last three months of 2021 as the COVID-19 cases have surged once again. Industry executives are hoping for a spring and summer driven by rebounds in corporate and international travel. Fierce … Continue reading
									
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		CFPB Bans BrightSpeed Solutions and Its Former CEO for Supporting Telemarketing Scammers Targeting Older Americans
The Consumer Financial Protection Bureau (CFPB) filed a proposed final judgement and order with a federal district court that, if entered by the court, would resolve a March 2021 lawsuit brought by the CFPB against BrightSpeed Solutions and its founder … Continue reading
									
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		Cryptocurrency-Based Crime Hit a Record $14 Billion in 2021
The dollar amount collected through cryptocurrency-based crime hit a record high in 2021, as the volume of cryptocurrency transactions overall grew into tens of trillions of dollars, according to blockchain data platform Chainalysis Inc. However, the volume of illicit activities … Continue reading
									
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		Americans Out Sick Because of COVID-19 Surges to Record 8.8 Million
About 6 percent of the U.S. workforce, nearly 9 million Americans are out sick due to a recent surge in COVID-19 cases. Between December 29 and January 10, 8.8 million people told the Census Bureau that they were not working … Continue reading
Judgment of Unlawful Detainer Affirmed
Unlawful detainer statute does not address title, only immediate possession as against unlawful occupants, foreclosed mortgagees, and holdover employees or tenants. Respondent established that appellants were tenants, by proving that respondent let appellants occupy property in exchange for appellants’ services, … Continue reading
									
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		Objections Are a Strategic Choice
“There are countless ways to provide effective assistance in any given case.” Among those ways are the strategic choices of objecting or not objecting to the State’s questioning. When defendant is doing well under questioning, an objection may undercut the … Continue reading
									
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		Ouster from LLC Results in Damages
Statutes governing a limited liability company set forth the rights of an expelled member, which no provision in the parties’ operating agreement altered only by adding specified payments. But nothing showed that those payments were in lieu of rights under … Continue reading
									
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