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Any judgment resulting from a proceeding to which the Federal Savings and Loan Insurance Corporation was a party prior to its dissolution or which is initiated against the Corporation with respect to the Federal Savings and Loan Insurance Corporation or with respect to the FSLIC Resolution Fund shall be limited to the assets of the FSLIC Resolution Fund.
It codifies the result of Perez v. Campbell, 402 U.S. 637 (1971), which held that a State would frustrate the Congressional policy of a fresh start for a debtor if it were permitted to refuse to renew a drivers license because a tort judgment resulting from an automobile accident had been unpaid as a result of a discharge in bankruptcy.
Further, the August 2009 Consent Judgment, resulting from the California Proposition 65 action against several synthetic turf businesses, prohibits those businesses from selling certain synthetic turf products in California if the products contain > 100 mg/kg of lead (Consent Judgment as to Astroturf, Inc. 2009).
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It was drafted at the insistence of Senate Democrats to restrict what they described as abuses of the system by anti-abortion demonstrators, who they said were filing for bankruptcy to avoid paying court judgments resulting from violent protests.
Mr. Brennan, 56, of Colts Neck, N.J., was left bankrupt by millions of dollars in judgments resulting from a 1994 suit that claimed he had cheated investors and enriched himself by manipulating stock prices.
House leaders have also suggested they will remove a provision in the Senate bill that would end the ability of anti-abortion protesters to escape legal judgments resulting from clinic violence by filing for bankruptcy.
Even considering Wal-Mart v. Dukes, the 2011 Supreme Court decision which tightened the requirements for certifying a class in a class action, employers are concerned that the expense or judgments resulting from litigation will put an entire company at risk.
Republicans are expected to try to strip the compromise bill of at least two amendments inserted in the Senate version by Democrats: the $125,000 limit on home equity that can be shielded from creditors and a provision that would force people involved in violence against abortion clinics to pay legal judgments resulting from the violence, even if they file for bankruptcy.
The court decision noted that the Lapiduses had threatened to sue any shareholder who voted to evict them, but after the board advised the shareholders that the co-op would assume responsibility for any judgments resulting from such litigation, 98percentt of the building's shares were voted in the board's favor.
One hundred thirty-three guilty verdicts of trial court judgments resulting from fatal construction occupational accidents (COAs) with injuries/deaths are collected, and 26 attributes, including 17 problem attributes (PAs) and nine solution attributes (SAs), are identified to describe the causalities between the accidents' characteristics and the adjudgment results.
In a Chapter 7 you forfeit all your "nonexempt" property and then get to walk away from most of your unsecured debts, including liability judgments resulting from negligence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com