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Bankruptcy Code

Jul 18, 2013

Bankruptcy doesn’t always bust a business relationship

Bankruptcy is an ever-present feature of the business landscape.

May 14, 2013

US Supreme Court clarifies bankruptcy discharge standard

The U.S. Supreme Court has clarified that proof of malicious intent is not required to prevent the bankruptcy discharge of a debt that arose from a trustee’s self-dealing.

May 1, 2013

7th Circuit says inherited IRA isn’t exempt in bankruptcy

An IRA that a debtor inherited from her mother was not exempt from creditors’ claims in her bankruptcy case, the 7th U.S. Circuit Court of Appeals has ruled in reversing judgment.

Feb 11, 2013

Bankruptcy filings continue decline in 2012

In a continuation of the downward trend that began in 2011, bankruptcy filings in federal courts declined during calendar year 2012, according to data released by the Administrative Office of the U.S. Courts.

Oct 30, 2012

US high court takes up bankruptcy misconduct case

The U.S. Supreme Court will decide whether a judgment against a debtor for breaching the terms of a trust constitutes “defalcation” under the Bankruptcy Code and therefore disqualifies that debt from a bankruptcy discharge.

Aug 6, 2012

New federal study makes case for student loan relief

A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.

Jun 4, 2012

US Supreme Court: Bank can credit-bid at bankruptcy auction

Chapter 11 cramdown plans that provide for the sale of debtor’s collateral free and clear of a bank’s lien must allow the bank to credit-bid at the sale, the U.S. Supreme Court has ruled.

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