Bankruptcy Blogs

A chapter 7 trustee was allowed to pursue a medical malpractice claim that the debtor had failed to list in her papers, even where the trustee and the debtor had agreed to split the lawsuit proceeds.

In this New Hampshire case, Alward v. Johnston, 2017-0080 (N.H. Dec. 21, 2018), the state’s supreme court disagreed with other courts that the debtor’s conduct in omitting the asset should be imputed to the bankruptcy trustee.

At a FASB meeting Monday on proposed changes to the accounting standard, its critics will be given a platform.

The consumer bureau says the online lender improperly extracted millions from over 5,000 accounts without getting authorization.

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like 'a steel-cage' match; and more from this week's most-read stories.

The New York company will also match donations made by its employees to Feeding America and United Way Worldwide.