Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old ... Read full article
“What will they take?” When you file a Chapter 7 bankruptcy, the Chapter 7 trustee can take and sell your non-exempt assets. (The proceeds are used to pay your creditors.) Most people don’t have “non-exempt” assets, so the trustee doesn’t take and sell ... Read full article
Getty Images In the era of the iPhone, businesses that are struggling to survive turn to a bankruptcy process that was invented during the time of typewriters. ... Read full article
Lawyers for Treasury Secretary Timothy Geithner said he will respond to questions from Lehman Brothers Holdings Inc.’s creditors over allegations that J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank ... Read full article
Reuters Just what kind of parent is MF Global Holdings Ltd.? To one customer in the commodities firm’s bankruptcy case, the answer is essentially “deadbeat.” ... Read full article
Bloomberg News Three inmates share a cell designed for one person at the Jefferson County Jail in Birmingham on Oct. ... Read full article
Joint Accounts for Married Couples: Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts. However, that number is less than it used to be, and ... Read full article
If you are overwhelmed with debt filing for bankruptcy may provide some relief. Bankruptcy can allow a debtor to restructure his debt and regain financial health. Typically, there are two types of bankruptcy available to a debtor, Chapter 7 and Chapter 13. ... Read full article
The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here . ... Read full article
The last domino has fallen. American Airlines, the last of the previous generation of top airlines not to file for bankruptcy, caved in last week and filed for chapter 11 protection. Analysts cite a history of high costs, inefficient operation, and an ... Read full article
If you are overwhelmed with debt, filing for chapter 13 bankruptcy may provide some relief. Chapter 13 provides debtors with an opportunity to restructure their outstanding debt and restore their financial health. Furthermore, in some situations chapter 13 ... Read full article
If you are overwhelmed with debt filing for Chapter 13 bankruptcy may provide some relief. Chapter 13 allows a debtor to restructure his debt, which can significantly improve a debtor’s financial position. However, there are many consequences, which can ... Read full article
Bankruptcy may provide some relief to a borrower under financial stress and overwhelmed with debt. Typically, there are two types of bankruptcy available to a debtor, Chapter 7 bankruptcy and Chapter 13 bankruptcy. The requirements and benefits offered by ... Read full article
Chapter 13 bankruptcy may provide some relief to borrowers overwhelmed with debt. Often, the most significant benefit that bankruptcy offers is the discharge of debt. The discharge releases the debtor from all debts included in the bankruptcy. Under ... Read full article
Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. ... Read full article
