Bankruptcy Blogs

What factors can make restructuring a difficult field in which to balance work and family obligations, and what should professional firms be doing to help employees? 

Ex-Im is one of the rare government agencies that's running smoothly, according to Tod Burwell: it returns a profit to taxpayers and makes American businesses more competitive. So why are some legislators gunning for its closure?

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

Jacobsen Rugs in downtown Syracuse, N.Y., which has been selling oriental rugs since before the Depression, filed for bankruptcy and plans sell off the more than 2,000 rugs it has left before shutting down for good.

And this time, they mean it.

In 2011, the store got a wrist-slap from then-Attorney General Eric Schneiderman for holding a going-out-of-business sale that lasted too long.

General Motors LLC (“New GM”) came into being in the summer of 2009, when it acquired substantially all of the assets of General Motors Corporation (“Old GM”) in a sale undertaken pursuant to section 363 of the Bankruptcy Code.  The July 2009 Sale Order approved by U.S.