Bankruptcy filing numbers spurting

first_img160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week Filers also will be required to get professional credit counseling with 180 days of filing. Victims of Hurricane Katrina forced into bankruptcy will be given leeway with regard to the credit counseling and income requirements. How much leeway a filer receives is up to individual bankruptcy trustees, the Justice Department officials tasked with overseeing bankruptcy filings. The law also provides special accommodations for active-duty members of the military, low-income veterans and people with severe medical disabilities. For high-income bankruptcy filers, the new law will supersede “homestead exemptions” in a handful of states that allowed wealthy people to file for bankruptcy while keeping their homes. The law limits the home exemption to $125,000 if the filer bought his residence less than three years and four months before filing, preventing wealthy people from pouring money into an expensive mansion just prior to declaring bankruptcy. The law also makes it harder for businesses in bankruptcy court. A major change is a greater limit on what’s known as the exclusivity period, the span during which a company has the sole right to propose a reorganization plan. Another change will restrict the big pay packages now routinely awarded to top employees in bankruptcy. NEW YORK – The number of personal bankruptcy filings is soaring as the effective date nears for a new law making it harder for consumers to seek protection from debtors. According to Lundquist Consulting, which tallies weekly bankruptcy statistics, 102,863 bankruptcy filings were received in U.S. courts last week – more than 20,000 per day, on average. The number of filings has climbed 19.4 percent year-to-date, to 1.47 million compared with 1.23 million during the same period in 2004. A smaller surge was seen when President George W. Bush signed the bankruptcy overhaul into law April 20. The law is due to take effect Monday, and Lundquist Consulting, a Burlingame, Calif.-based financial research firm, said it expects the number of bankruptcy filings to remain high this week. After Monday, the requirements for bankruptcy protection become much more stringent. People with above-average income, as determined by a standard “means test,” will be barred from filing for Chapter 7 protection, under which debts can be wiped out entirely. Instead, they will have to file more restrictive Chapter 13 bankruptcies, which require a five-year repayment plan. last_img read more

Many Nominations for TCI Hotels in World Travel Awards Gala

first_img Sandals Resorts International Honored At Annual World Travel Awards Related Items:amanyara, point grace, regent palms, world travel awards Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 23 Sept 2015 – Turks and Caicos beaches, hotels and properties top the list of nominees for the 2015 World Travel Awards, which is now just weeks away.The Turks and Caicos Islands is just one of 14 Caribbean destinations in 2015 nominated for Caribbean’s Leading Beach Destination, Caribbean’s Leading Cruise Destination and Caribbean’s Leading Destination.The TCI is also nominated for Leading Dive, Best Honeymoon and the most Romantic destination prizes. Meanwhile, several properties which have won accolades in the past are back on the list of nominees this year, including Beaches Resort Villages and Spa for Caribbean’s All Inclusive Family Resort.Point Grace and the Regent Palms are both nominated for leading all-suite Hotel, Amanyara Villas makes the cut for Leading Beach Resort, Parrot Cay and Point Grace are both nominated for Leading Boutique hotel, Regent Palms and Parrot Cay are in the running for Caribbean’s Leading Hotel; the Estate at Grace Bay is on the list for Leading Hotel Residence and the VIP Flyers Club at the Providenciales International Airport is nominated for Caribbean’s Leading Airport Lounge.Dubbed as the Oscars of the travel industry, the World Travel Awards Caribbean and North American Gala Ceremony 2015 will be held at the Sandals Emerald Bay Golf, Tennis and Spa Resort in Great Exuma, in The Bahamas on Saturday October 17th. Recommended for you Resort Security catches illegals on speed boat Mazagan Beach & Golf Resort to host World Travel Awards Grand Final 2015last_img read more

Stealth guided missile destroyer Monsoor to be commissioned Saturday

first_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI)- This Saturday, in Coronado, the newest class of Navy destroyer will be commissioned. The USS Michael Monsoor is named after a fallen Navy SEAL who was awarded the medal of honor, posthumously.KUSI’s Ed Lenderman shows us a preview of the ship. KUSI Newsroom Posted: January 24, 2019 January 24, 2019 Updated: 9:45 PM KUSI Newsroom, Categories: Local San Diego News Stealth guided missile destroyer Monsoor to be commissioned Saturday FacebookTwitterlast_img read more

Centre asks states to take biometric prints of Rohingyas

first_imgKolkata: The Centre will take up the Rohingya issue with Myanmar through “diplomatic channels” following submission of reports by the state governments, after identifying the Rohingyas in their respective jurisdictions.The state governments have been asked to identify the Rohingyas and take their biometric prints. Subsequently, they have to submit reports in this regard to the Centre. After the meeting of the Eastern Zonal Council at Nabanna Sabhaghar on Also Read – Rain batters Kolkata, cripples normal lifeMonday, Union Home min-ister Rajnath Singh said: “An advisory has been issued. All states have been informed. They have to identify them (Rohingyas). They have to take their biometric prints as well. After that they will send a report to the Centre. The Centre will then initiate (discussion) by diplomatic channel with Myanmar. Then we will get it resolved.” With the advisory being issued by the Centre in this connection, all the states have to take necessary steps to identify the Rohingyas. According to some officers, the Centre has taken the step to check illegal migrants in the country. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedSources said that the matter related to infiltration into Bengal had also come up in the meeting and the state government has protested against such activity. The issues related to flood was also discussed. It may be mentioned that the state government had repeatedly raised its voice earlier, stating that the floods here are usually “man-made”. Various issues including the matters related to rail movement for socio-economic development of the Eastern Zone, railway electrification, construction of dedicated freight corridor, road overbridges, etc. were also discussed in the meeting of the Eastern Zonal Council.last_img read more

Two arrested Mukul Roy booked for TMC MLAs murder

first_imgKolkata: BJP leader Mukul Roy was among the four people booked on Sunday in connection with the killing of Trinamool Congress MLA Satyajit Biswas in West Bengal’s Nadia district, a senior police officer said. Of the four people named in the FIR, two have been arrested, an officer of the West Bengal Police told PTI. Biswas (41), who represented Krishnaganj constituency in the state assembly, was shot from point blank range by unidentified assailants Saturday evening inside a Saraswati puja marquee at Phoolbari area in the district bordering Bangladesh. Also Read – Bose & Gandhi: More similar than apart, says Sugata Bose He was immediately taken to a local hospital where doctors announced him “brought dead”. “So far, we have arrested two persons in this case and detained another three. A country-made revolver used to shoot the MLA has also been recovered. “As per our primary findings, it seems that the victim was fired from behind and the act was the result of a well-planned plot,” the officer said. Asked about the chances of the assailants fleeing the area, the police officer said the state police have been put on a high alert. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata “Nadia shares border with Bangladesh and there could be a possibility of them (assailants) trying to escape to the neighbouring country. Police have been put on high alert to check the movements along the border,” he said. Roy, a former TMC member of Parliament, joined the BJP last year after his relations soured with Chief Minister Mamata Banerjee. Claiming that the attack was a conspiracy by the BJP, TMC secretary general Partha Chatterjee said Saturday that those involved in the killing will be punished after a full- fledged inquiry. He also said the saffron party was trying to create disturbances ahead of the Lok Sabha polls and resorted to “politics of murder” by singling out leaders having mass bases. The allegations were termed “baseless” by Roy and BJP state president Dilip Ghosh.last_img read more

Aereo Faces Off Against Broadcast Giants in Supreme Court Today

first_img 3 min read Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global April 22, 2014center_img Register Now » Aereo’s biggest day in court has finally arrived and it’s win or die.  Opening arguments in American Broadcasting Companies, Inc. v. Aereo, Inc, a landmark case that could forever alter how U.S. citizens watch TV — and how American cloud storage companies do business — kick off at the U.S. Supreme Court today. After beating them twice already in lower courts, Aereo is once again facing off against the royalty-hungry broadcast TV goliaths dead-set on shutting the small, literally disruptive streaming TV newcomer down for good. Related: Aereo Founder: If We Lose, ‘We Have No Plan B’TV’s Big Four (ABC, CBS, NBC and Fox), along with Comcast Corp. and Walt Disney Co., claim the New York City-based startup is violating U.S. copyright law by streaming their copyrighted content to its customers without paying a penny for it. According to them, Aereo is outright stealing and illegally distributing their free-to-air programming on a massive scale. Aereo’s CEO Chet Kanojia says that’s just not so, that his cloud-based streaming service “falls squarely within the law” and that this case isn’t even about copyright law. “It’s a case about trying to protect this idea of an integrated bundle that the media companies sell,” he told Entrepreneur.com earlier this month. To him, the copyright infringement accusation is little more than a red herring.  Related: NFL, MLB to Supreme Court: If Aereo Wins, You’ll Have to Watch Sports on CableKanojia’s controversial 2-year-old service delivers broadcasters’ free, local over-the-air content to its subscribers via a sophisticated tiny antenna and DVR system. Its game-changing technology allows subscribers to watch and record live broadcast TV on their smartphones, tablets and internet-connected TVs (for $8 to $12 per month).Nothing about that is illegal, Konjia said, because “every consumer has the right to an antenna” and “every consumer has the right to make a recording for themselves of free-to-air television.” Cloud-based storage companies like Dropbox, Amazon and Google will be watching the case very closely. If the court rules against Aereo, it could mean that firms like these that do business in the cloud are potentially violating copyright law by providing their users with copyrighted content, even if the user owns it. Related: Aereo to Supreme Court: ‘Our Service Falls Squarely Within the Law’Kanojia said he has “no choice” but to be confident Aereo will again prevail against corporate network TV’s old guard, this time in our country’s highest court, just as it did once in federal district court and twice in the Second Court of Appeals. If Aereo doesn’t win, Kanojia has no Plan B. If it does, media mammoths (including major sports organizations like the NFL and MLB) have said they would yank their free content from the airwaves. They threaten to move their programming to cable channels, which would choke off a major chunk of Aereo’s content. Kanojia thinks broadcasters are bluffing, casting their threats off as mere “rhetoric.” Only time, and a highly anticipated Supreme Court final ruling in the case, likely in June, will tell. Related: Aereo CEO: ‘We’re on the Side of the Angels’last_img read more