Bankruptcy Blogs

The U.S. Bankruptcy Court in Wilmington, Del., on Tuesday announced the forthcoming retirement of Judge Peter J. Walsh, effective Jan. 1. Calling Judge Walsh “irreplaceable,” the announcement nevertheless says that court officials are looking for a new judge to take his spot on the bench that has consistently presided over some of the biggest corporate restructurings in recent decades.

In most instances, becoming a bankruptcy judge is an achievement that comes as a capstone to an already successful legal career.

For Ralph Mabey, that hallmark came at a much different time—when he was a 34-year-old lawyer who had never practiced bankruptcy law.

Merchants who use dynamic currency conversion should be required to give consumers full disclosure about the service's added fees.

Wall Street Journal

Federal prosecutors are on an international hunt for U.S. tax dodgers. Credit Suisse, which last week pleaded guilty to helping Americans evade taxes, has agreed to relinquish some records that will help authorities sniff out individuals who have hidden money in foreign accounts. Meanwhile, roughly 100 Swiss banks "have applied to join a Justice Department program that allows them to voluntarily turn over records about possible undisclosed U.S. accounts." The Justice Department may...