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February 06, 2012
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Bankruptcy News

 

Attorney General Advocates Pay Raise for Federal Judges

  January 18, 2007 — Attorney General Alberto R. Gonzales said he thinks federal judges should receive a pay raise. His comments about judges' pay were among those made in a January 17, 2007, speech about the federal judiciary.

According to the speech text, Gonzales said, "I believe that judicial independence also would be strengthened if judges were paid more. I'm not going to argue that federal judges are not earning a livable wage. And I'm not going to argue that the government can or should match dollar-for-dollar the potential private-sector salaries these dedicated men and women could make.

"But there should be some meaningful effort to increase salaries to allow the judiciary to attract and retain the best legal minds – lawyers who could find far more lucrative ways to ply their trade," he said.

Gonzales said that he has talked with "too many potential judicial nominees" who declined federal judgeships because they felt they could not afford to serve. "I hope the Congress will consider enacting a meaningful pay raise for judges, so that future candidates for judicial office will not be faced with that choice, and so that judicial independence will be strengthened," he said.

The attorney general quoted Chief Justice John Roberts' 2006 year-end report, in which the chief justice said, "If judicial appointment ceases to be the capstone of a distinguished career and instead becomes a stepping stone to a lucrative position in private practice, the framers' goal of a truly independent judiciary will be placed in serious jeopardy."  

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Did You Know?    
 
 
Chapter 13 bankruptcy law is frequently referred to as a “wage earner” chapter
Although it is available to individuals with regular income from any source, not just wages. Once the court confirms the plan, it is the responsibility of the debtor to make the plan succeed. The debtor must make regular payments to the trustee, which will require adjustment to living on a fixed budget for a prolonged period.

 


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News about Bankruptcy in Michigan and nationwide:

Attorney General Advocates Pay Raise for Federal Judges
  January 18, 2007 — Attorney General Alberto R. Gonzales said he thinks federal judges should receive a pay raise. His comments about judges'...
Read more >


Bankruptcy Filings Rose in March 2006
May 26, 2006 — The number of bankruptcy cases filed in federal courts rose 12.8 percent in the 12-month period ending March 31, 2006, according to ...
Read more >


U.S. Bankruptcy Court Declines GM Plea to Halt Delphi Hearing
U.S. Bankruptcy Court Declines GM Plea to Halt Delphi Hearing

NEW YORK: A U.S. bankruptcy court judge has turned down Gen...

Read more >


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Bankruptcy Terms

 


Today's Terms

Set-off

Definition:
The ability to discharge or reduce a debt by applying a counter claim between the same parties.

Post-petition

Definition:
Occurring after the filing of a petition. Preference - a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others.

Liquidating reorganization

Definition:
An informal term for a Chapter 11 proceeding when the company is essentially liquidated through one or more asset sales.

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Bankruptcy Resources

 


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Bankruptcy Hot Topics

 
Topics Related to Bankruptcy:

  • Chapter 7
  • Chapter 13
  • Chapter 11
  • Chapter 12
  • Chapter 9

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Michigan Bankruptcy Attorney

 
If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

  • Adrian
  • Ann Arbor
  • Battle Creek
  • Bay City
  • Belleville
  • Canton
  • Clinton Township
  • Dearborn
  • Dearborn Heights
  • Detroit
  • East Lansing
  • Flint
  • Grand Blanc
  • Grand Rapids
  • Hamtramck
  • Highland Park
  • Holland
  • Howell
  • Jackson
  • Lansing
  • Lincoln Park
  • Livonia
  • Macomb
  • Mount Pleasant
  • Muskegon
  • Niles
  • Northville
  • Plymouth
  • Port Huron
  • Redford
  • Rochester
  • Roseville
  • Saginaw
  • Sterling Heights
  • Taylor
  • Traverse City
  • Trenton
  • Troy
  • Warren
  • Westland
  • Wyandotte
  • Ypsilanti
 


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