Bankruptcy Blogs

Overseas Shipholding Group Inc. Monday said it may owe $460 million or more to the Internal Revenue Service, a finding that is likely to upset its Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review article here.

As bankruptcy lawyers, we often see people who are in financial distress turn to some pretty unsavory companies.  We see the predatory nature of the loans involved and the damage inflicted because of such loans.

The information your bankruptcy lawyer needs will go stale in a short time. Keeping up the freshness is important to the success of your case.

A fundraiser for convicted Ponzi-scheme operator Tom Petters says his lack of knowledge of the multibillion-dollar fraud entitle him to a reduced prison sentence, as do his long history of charitable work, “fragile health” and cooperation with prosecutors.

The close vote, however, shows just how dissatisfied folks have become with the opaque and inconsistent RWA system.