WSJcomBankruptcyBeat

Thirty men who were sexually abused decades ago as children at two Catholic schools in the Seattle area will split about $12.1 million from the Archdiocese of Seattle, which owned the schools. Read the Daily Bankruptcy Review article here.

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?

A top Senate Democrat is set to unveil legislation Wednesday that would allow a small portion of Americans’ student debt to be discharged through bankruptcy proceedings, a measure that would likely hit the profits of private lenders.

The bankruptcy option is part of a long-awaited bill on federal higher-education policy from Sen. Tom Harkin (D., Iowa), chairman of the Senate panel on education.

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?