News Topic: bankruptcy

Fumbled opportunities? Nearly one in six NFL players goes bankrupt within 12 years of retirement. (TIMOTHY A. ... Read full article

There are many reasons why a married couple may decide that only one spouse needs to file bankruptcy. The bankruptcy law allows a married person to file an individual bankruptcy but there will be some impact on the non-filing spouse. ... Read full article

The nation’s student-debt tab has more than doubled since the recession to roughly $1.3 trillion , but the burden varies greatly by state. ... Read full article

Shio-kara, or salted squid guts, is shown in this company photo served over rice. Minoya Kichibee A steamed fish-paste maker founded during the feudal e ... Read full article

There were nearly a million bankruptcy cases filed by individuals and businesses in 2014.  It is safe to say that only the tiniest fraction of such debtors have any familiarity with the Supreme Court’s decision in Stern v. ... Read full article

Part, but not all, of the Caesars Palace in Las Vegas is included in the bankruptcy case. Bloomberg News Weighed down by debt, ... Read full article

This week on The Broke and the Beautiful, Teresa Giudice is suing her ex-lawyer, alleging it’s his fault she’s going to prison. ... Read full article

Under Section 503(b)(9) of the Bankruptcy Code, creditors may receive administrative-expense priority for the value of goods “received” by the debtor within 20 days before the debtor’s bankruptcy filing in which the goods have been sold to the debtor in ... Read full article

Three years ago, in Stern v. ... Read full article

Judge Jed S. Rakoff of the Southern District of New York last week ruled that the U.S. Bankruptcy Code does not permit a bankruptcy trustee to recover foreign transfers.  Specifically, Judge Rakoff refused to allow Irving Picard, the trustee of Bernard L. ... Read full article

The U.S. Supreme Court yesterday, in Executive Benefits Insurance Agency v. Arkinson , limited somewhat the ramifications of its landmark opinion two years ago in Stern v. ... Read full article

A parochial elementary school and high school were recently sued in the U.S. Bankruptcy Court for the Eastern District of New York by Robert Geltzer, a bankruptcy trustee.  The suits, Geltzer v. Our Lady of Mt. Carmel-St. Benedicta School and Geltzer v. ... Read full article

Two months from now will bring the five year anniversary of the unraveling of Bernie Madoff’s Ponzi scheme, one of the bookends, along with the collapse of Lehman Brothers ., of the extraordinary Fall of 2008 . To date, Trustee Irving Picard has recovered ... Read full article

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A parochial elementary school and high school were recently sued in the U.S. Bankruptcy Court for the Eastern District of New York by Robert Geltzer, a bankruptcy trustee.  The suits, Geltzer v. Our Lady of Mt. Carmel-St. Benedicta School and Geltzer v. ... Read full article

A five year study of the 2005 Bankruptcy Reform Act conducted by The Institute For Financial Literacy paints a picture of who files bankruptcy, and why.  Do you see yourself in this picture?   ... Read full article

List your executory contracts and unexpired leases on your bankruptcy petition and declare your intention either to accept or to reject those contracts. Contracts that are not timely assumed are rejected and the parties are released from further ... Read full article