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Bankruptcy

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 19, 2012

Lawmakers reviewing criminal, bankruptcy procedure amendments

Pending amendments to the Federal Rules of Bankruptcy Procedure and Criminal Procedure are being reviewed by lawmakers in the House and Senate.

Jun 11, 2012

Obama signs bankruptcy judge extension law

President Barack Obama has signed into law a measure that extends for five more years 29 federal bankruptcy judgeships that were set to expire.

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.

May 17, 2012

Congress passes bill to temporarily extend bankruptcy judgeships

Congress has passed legislation that will temporarily save dozens of bankruptcy judgeships in 14 states and Puerto Rico from expiring.

May 14, 2012

Former DA Kratz files for bankruptcy (UPDATE)

A former Wisconsin prosecutor accused of sending racy text messages to a domestic abuse victim has filed for bankruptcy.

May 14, 2012

US Supreme Court rules farm sale income tax not dischargeable in 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.

Apr 5, 2012

Judge won’t unseal Milwaukee archdiocese documents

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.

Mar 15, 2012

Bankruptcy, appellate case filings drop in fiscal 2011

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.

Feb 10, 2012

Bankruptcy filings down in 2011

The number of new bankruptcy filings fell during the 2011 calendar year.

Feb 9, 2012

Judge allows 2 claims in archdiocese bankruptcy (UPDATE)

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.

Dec 21, 2011

Kenosha lawyer charged with conspiring to commit bankruptcy fraud

Federal prosecutors in Milwaukee on Tuesday indicted a Kenosha lawyer who allegedly helped launder $95,000 from a bankruptcy court, trustees and creditors.

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