Finance
AK Clearing House | Providing Information on the ARRA » Legal » Finance
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The following supports helped to preserve this original website and all original content. Thanks for helping us keep the original stuff on the web alive.Home Builder Gets Prison - Details
A man was sentenced to prison recently for violating a state lien that stemmed from a law designed to protect housing projects and the building of them in the state of New York. The defendant had asked for leniency in the judgment and his lawyer had suggested that putting the man away in jail would make it impossible for him to come up with the eighty two thousand dollars awarded in a civil judgment against the defendant. The money was awarded due to the fact that the defendant hadn't paid his contractors for work that was done on a house.
Lots of Blame Shared in Municipal Bankruptcy - Details
It would appear that there has been a significant amount of blame thrown around in arguments over a city in Alabama which has been forced to declare bankruptcy as a result of things like toxic bonds and a credit crisis that struck the county. Bucks County bankruptcy lawyer offices have been watching the proceeding with interest because it's not the first time that a municipality has decided that they must declare bankruptcy or risk not being able to run city services. The move is surprising because the area was once one of the largest centers of commerce in the Deep South.
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