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.

Tagged with: Bankruptcy Chapter 7 taxes U.S. Bankruptcy Court U.S. Circuit Court of Appeals

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.

Tagged with: Bankruptcy Bankruptcy Code Chapter 11 Chapter 7

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.

Tagged with: Bankruptcy Chapter 7 Department of Labor

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.

Tagged with: Bankruptcy Chapter 13 Chapter 7 Court of Appeals

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

Tagged with: Bankruptcy Chapter 7 Walter Stern

Individual bankruptcy filings continue to rise, according to the latest annual report of bankruptcy statistics from the Administrative Office of the U.S. Courts.

Tagged with: Bankruptcy Chapter 13 Chapter 7

MADISON, Wis. (AP) — Bankruptcy filings are down this year in Wisconsin, but experts say it’s too soon to take much comfort in the numbers. U.S. Bankruptcy Court records show filings fell about 8 percent during the first half of ...

Tagged with: Chapter 7 U.S. Bankruptcy Court