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.
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.
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.
The price of protecting client confidences will cost defunct law firm Dewey & LeBoeuf almost $1.4 million.
The Archdiocese of Milwaukee says it is going broke and wants a bankruptcy judge to allow it to suspend payments to attorneys and consultants.
The Judicial Conference is proposing the first set of revised bankruptcy forms for individual filers in more than two decades.
A new rule proposed by the U.S. Department of Labor would make it easier for trustees of companies in Chapter 7 bankruptcy to distribute assets from its retirement plans.
Overwhelmed with $576 million in debt, hospital operator LifeCare has filed for Chapter 11 bankruptcy protection, and plans to sell itself.
A Delaware bankruptcy judge on Tuesday approved the sale of most of the assets of failed battery maker A123 Systems Inc. to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for nearly $257 million.
A federal judge has ruled the parishes of the Catholic Archdiocese of Milwaukee will not be included in its bankruptcy proceedings.
The bankruptcy trustee recovering money for victims of the Ponzi scheme operated by imprisoned Minnesota businessman Tom Petters is suing BMO Harris Bank, accusing it as the owner of M&I Bank of aiding and abetting the fraud.
A bankruptcy trustee was required to return money acquired post-petition upon the conversion of the debtor’s plan from Chapter 13 to Chapter 7, the 3rd Circuit has ruled in affirming judgment.
A judge ruled Thursday that bankruptcy proceedings for A123 Systems can move forward after the advanced battery maker reduced the fee that would have to be paid to the lead bidder for its assets should the deal fall apart.
The mantra is repeated over and over: You can’t discharge student loans through bankruptcy. However, while it’s reality for most indebted people, the conventional wisdom isn’t quite true.
In recent months press reports have discussed the Justice Department’s attempt to control bankruptcy lawyers fees.
Two new apps for attorneys have been released, one assisting with bankruptcy claims and the other a reference app for any lawyer.
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.
Pending amendments to the Federal Rules of Bankruptcy Procedure and Criminal Procedure are being reviewed by lawmakers in the House and Senate.
President Barack Obama has signed into law a measure that extends for five more years 29 federal bankruptcy judgeships that were set to expire.
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.
Congress has passed legislation that will temporarily save dozens of bankruptcy judgeships in 14 states and Puerto Rico from expiring.
A former Wisconsin prosecutor accused of sending racy text messages to a domestic abuse victim has filed for bankruptcy.
The federal income tax liability resulting from the sale of a farm after a Chapter 12 bankruptcy filing is not “incurred by the estate” under §503(b) of the Bankruptcy Code and thus is neither collectible nor dischargeable in the bankruptcy plan, the U.S. Supreme Court has ruled.
A federal judge in the Archdiocese of Milwaukee bankruptcy case says she won’t order the public release of depositions in which top-ranking church officials discuss how decades-old allegations of child sexual abuse were handled.
Caseloads at federal trial courts increased slightly during fiscal 2011, while the number of bankruptcy and appellate cases dropped, according to recently released data from the Administrative Office of the U.S. Courts.
The number of new bankruptcy filings fell during the 2011 calendar year.
A federal judge ruled Thursday that two claims could move forward against the Archdiocese of Milwaukee for alleged sexual abuse by clergy, laying the groundwork for about 570 claims to follow.
Federal prosecutors in Milwaukee on Tuesday indicted a Kenosha lawyer who allegedly helped launder $95,000 from a bankruptcy court, trustees and creditors.
Despite sobering unemployment numbers across the country, employment for lawyers continues to be promising in the hottest practice areas.
11-2112 In re Fort Wayne Telsat, Inc.
