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Rollback to IOLTA "opt-out" on table (access required)

The Virginia State Bar Council will consider a resolution to return the mandatory Interest on Lawyer Trust Accounts (IOLTA) program to an “opt-out” system when it meets next month. Council member Benjamin R. Gardner of Martinsville has drafted a resolution ...

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Late proof won't bar unsecured claim (access required)

A bank that failed to file an amended proof of claim changing its status from a secured to an unsecured creditor after its collateral was sold at foreclosure may still participate as an unsecured creditor in the distribution of the ...

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Rigsby rejects Reno's rules (access required)

Virginia’s top disciplinary enforcer says that Attorney General Janet Reno’s new relaxed ethics rules for U.S. Attorneys won’t tie his hands. Virginia State Bar Counsel Michael L. Rigsby said that the rules will not prevent his office from pursuing an ...

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Fax poll: IOLTA's first year (access required)

On Oct. 1, Virginia will mark one year of a mandatory Interest on Lawyer Trust Accounts program. During the month of September, Virginia Lawyers Weekly will conduct a fax poll on IOLTA to determine how the mandatory system is perceived ...

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