Bankruptcy Blogs

The general answer is that bankruptcy filing, in and of itself, does not remove a valid lien. However, there are actions that can be taken before the court to remove a valid lien in some circumstances. For example, let’s say that a judgment creditor has filed a lien against a debtor’s home. That lien will remain despite the fact that the debt was technically discharged by the bankruptcy filing. This points out the difference between a debt and a lien. The debt is eliminated, however, the lien remains.

"Mesa Air Group said Tuesday it is officially unbankrupt. Actually, what it said was that its plan of reorganization took effect Tuesday, allowing it to exit Chapter 11 bankruptcy proceedings after 14 months as a much smaller, but it hopes,...

"A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others. Legal iGaming Inc. filed for Chapter 11 reorganization in U.S. Bankruptcy Court...

In the event of a federal government shutdown, it may be the U.S. bankruptcy courts that keep the federal judiciary humming.

A bankruptcy trustee is suing an Anguillan developer to recover the approximately $1.5 million Marc Dreier spent on property on the Caribbean is