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Bankruptcy

Feb 12, 2014

Milwaukee archdiocese proposes $4M for victims

The Archdiocese of Milwaukee has proposed setting aside $4 million to compensate the victims of clergy sexual abuse in its bankruptcy reorganization plan, according to a statement provided to The Associated Press.

Nov 26, 2013

Clergy abuse victims lobby Vatican on claims

Clergy sexual abuse victims in Wisconsin and priests who support them are asking Roman Catholic officials to remove more than $50 million from a cemetery trust fund and make it available to settle bankruptcy claims against the Archdiocese of Milwaukee.

Nov 12, 2013

Attorney: Clergy abuse victims shut out of deal

An attorney representing clergy sexual abuse victims says his clients were shut out of negotiations between the Archdiocese of Milwaukee and one of its major insurers.

Oct 22, 2013

Judge rejects 1 archdiocese bankruptcy claim

A clergy sex abuse victim who settled with the Archdiocese of Milwaukee in mediation can't seek additional compensation through bankruptcy proceedings. That's according to a ruling issued Tuesday by a federal judge in Wisconsin.

Aug 16, 2013

SEC says Anchor BanCorp settling fraud lawsuit

The U.S. Securities and Exchange Commission says a tentative settlement has been reached in a civil lawsuit accusing Anchor BanCorp Wisconsin and its former chief financial officer of fraud.

Jul 18, 2013

Bankruptcy doesn’t always bust a business relationship

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

Jul 3, 2013

Bankruptcy Court judges split over state tax dischargeability

Lawyers say a split in the U.S. Bankruptcy Court over whether tax liability from late-filed state income tax returns are dischargeable in bankruptcy is creating uncertainty and making it difficult to advise debtors on how to proceed.

Jun 25, 2013

Court takes up bankruptcy issue that has split circuits since Anna Nicole Smith ruling

Taking up a complicated jurisdictional issue that has split the circuits since the justices ruled in the case involving the late pinup Anna Nicole Smith, the U.S. Supreme Court has agreed to decide whether bankruptcy court judges can rule on matters normally reserved for Article III judges if the parties in the matter consent.

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.

Jan 29, 2013

Destroying client files will cost firm more than $1M

The price of protecting client confidences will cost defunct law firm Dewey & LeBoeuf almost $1.4 million.

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