News

Today's News

August 7, 2026 - 23 new headlines

Despite Selling 70 Million Records, Toni Braxton Has Somehow Declared Bankruptcy TWICE — And Is Still Battling The IRS And California's Franchise Tax Board - Celebrity Net Worth

08/07/2026 Despite Selling 70 Million Records, Toni Braxton Has Somehow Declared Bankruptcy TWICE — And Is Still Battling The IRS And California's Franchise Tax Board  Celebrity Net Worth [more]
Tags: Liquidation, News

QVC Emerges From Chapter 11 with New Leadership - Store Brands

08/07/2026 QVC Emerges From Chapter 11 with New Leadership  Store Brands [more]
Tags: News, Reorganizations

Hawthorne Bankruptcy Judge Orders Immediate Release of $800,000 in Unpaid Purses - Thoroughbred Daily News

08/07/2026 Hawthorne Bankruptcy Judge Orders Immediate Release of $800,000 in Unpaid Purses  Thoroughbred Daily News [more]
Tags: News, Reorganizations

QVC Exits Chapter 11 With Focus on "Innovative Shopping Experiences" - jckonline.com

08/07/2026 QVC Exits Chapter 11 With Focus on "Innovative Shopping Experiences"  jckonline.com [more]
Tags: News, Reorganizations

TGI Fridays Store Closures: See a List of Locations That Have Lost the Most Restaurants Since Its Bankruptcy - inc.com

08/07/2026 TGI Fridays Store Closures: See a List of Locations That Have Lost the Most Restaurants Since Its Bankruptcy  inc.com [more]
Tags: News, Reorganizations

QVC Group exits Chapter 11, CEO steps down - Retail Dive

08/07/2026 QVC Group exits Chapter 11, CEO steps down  Retail Dive [more]
Tags: News, Reorganizations

Nick Pihakis lists $44M in debt: See who's on the creditor list - The Business Journals

08/07/2026 Nick Pihakis lists $44M in debt: See who's on the creditor list  The Business Journals [more]
Tags: Liquidation, News

Bankruptcies: August 7, 2026 - The Owensboro Times

08/07/2026 Bankruptcies: August 7, 2026  The Owensboro Times [more]
Tags: Liquidation, News

Chicagoland carrier files for Chapter 7 bankruptcy - Trucking Dive

08/07/2026 Chicagoland carrier files for Chapter 7 bankruptcy  Trucking Dive [more]
Tags: Liquidation, News

What killed Pihakis restaurants? $44 million bankruptcy offers glimpse inside the sudden, shocking decline - AL.com

08/07/2026 What killed Pihakis restaurants? $44 million bankruptcy offers glimpse inside the sudden, shocking decline  AL.com [more]
Tags: Liquidation, News

Blogs

Camp Mystic illustrates That Insurance Can Be Property of the Estate

07/12/2026 A motion to lift the automatic stay to allow a tort claimant to proceed against the debtor's insurance coverage is one of the simpler pleadings to file in bankruptcy. Because insurance involves a third party's obligation to defend a suit or pay claims, property of the estate is not implicated. While [more]
Tags: ATexasBankruptcyLawyersBlog, Bankruptcy Blogs, Camp Mystic, Fifth Circuit insurance, property of the estate

Georgia’s New $50,000 Homestead Exemption (And Why It’s Really Worth More)

06/30/2026 On July 1, 2026 the Georgia Homestead Exemption increases from $21,500.00 to $50,000.00 for an individual debtor, or a double exemption of $100,000.00 if a non-filing spouse is also a co-owner. This is a dramatic increase for Georgia, and opens up Chapter 7 for many people who are facing bankruptcy [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 13, chapter 7, Consumer Bankruptcy Guide, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Homestead Exemptions, News and Comments, Northern District Cases, Uncategorized

What Should I Discuss With My Bankruptcy Lawyer? Here Are A Few Things Beyond The Worksheets

06/29/2026 A recent Order from our Bankruptcy Court highlights several important considerations when choosing a bankruptcy lawyer and planning your case. On June 26, 2026, Judge Sacca, joined by the other judges in the Northern District of Georgia, entered a 147-page Order permanently disbarring a lawyer and [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, bankruptcy consultation, chapter 13, chapter 7, Consumer Bankruptcy Guide, front page only bankruptcy, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, initial consultation', News and Comments, Northern District Cases, skeletal petition

Supreme Court Rejects Fifth Circuit's Approach to Judicial Estoppel

06/24/2026  The Fifth Circuit has long applied judicial estoppel aggressively when a debtor fails to list a cause of action. It once held (in a panel opinion overruled by the en banc court) that a trustee was bound by a debtor's failure to disclose assets. Reed v. City of Arlington, 620 F.3d 477 (5th Cir. [more]
Tags: ATexasBankruptcyLawyersBlog, Bankruptcy Blogs, judicial estoppel, Justice Ketanji Brown Jackson, Supreme Court

US Supreme Court Rules on Judicial Estoppel in Chapter 13 Bankruptcy Case

06/11/2026 Make sure you are disclosing ALL property, including any personal injury or other claims you might have against any other party. That includes disclosing it after your Bankruptcy case is filed in a Chapter 13 case. I expect the debtor might prevail on remand because he apparently promptly notified [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 13, chapter 7, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, judicial estoppel, Personal Injury, Supreme Court, US Supreme Court Cases

11th Circuit and 2 Live Crew: Contingent Copyright Termination Rights Are Property of the Bankruptcy Estate, but Questions Remain

06/03/2026 In a case of first impression, the Eleventh Circuit addressed the intersection of Copyright Law and Bankruptcy Law, and whether an artist’s statutory copyright termination rights are property of the Bankruptcy Estate. Lil’ Joe Records, Inc. v. Mark Ross, Luther Campbell, et al., 2026 WL [more]
Tags: 2 Live Crew, Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, Chapter 11, chapter 7, copyright, Eleventh Circuit Cases, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, News and Comments, property of the estate

Is Trustee Required to Disclose Information Voluntarily Provided by a Creditor on a Confidential Basis?

06/02/2026 In In re Newport 222 Mitchell Street, L.P., 2026 WL 1488930, Ch. 7 Case No. 24-54060-sms (Bankr. N.D. Ga. May 27, 2026) (click here for .pdf) a creditor sought to compel the Chapter 7 Trustee to furnish information voluntarily provided to him by another creditor on a confidential basis. The basis [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, bankruptcy trustee, Chapte7, chapter 7, Chapter 7 Trustee, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Northern District Cases

Georgia Homestead Exemption Increases to $50,000.00/$100,000.00 on July 1, 2026

05/12/2026 If you are contemplating filing for Bankruptcy and own a home, you probably will want to consider waiting a few weeks. Georgia Governor Brian Kemp has signed House Bill HB 1024, which increases the Georgia Homestead Exemption from the current $21,500.00 to $50,000.00 effective July 1, 2026. If the [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 13, chapter 7, Consumer Bankruptcy Guide, exemptions, Georgia bankruptcy, Georgia Bankruptcy Lawyer, Georgia State Cases, GeorgiaBankruptcyBlog, homestead, Homestead Exemptions, News and Comments

US Supreme Court – “Reasonable Time” Requirement Applies to Rule 60(b) Motions to Vacate Void Judgments

02/10/2026 Coney Island Auto Parts Unlimited, Inc. v. Burton, Trustee, 2026 WL 135998 (January 20, 2026) (click here for .pdf).  In 2014, Debtor Vista-Pro Automotive, LLC filed an adversary proceeding against Coney Island to recover $50,000.00 in unpaid invoices. Coney Island did not answer and a default [more]
Tags: Adversary Proceeding, Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 7, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, rule 60, Supreme Court, US Supreme Court Cases

11th Circuit: Equitable Tolling Still Does Not Apply To Deadline For §523 Discharge Complaints

09/23/2025 “Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.” Samuel Beckett in Worstword, Ho. Many have tried to extend the deadline for discharge complaints that is found in Bankruptcy Rule 4007(c), almost always after missing the deadline. The Eleventh Circuit recently [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, Bankruptcy Deadlines, Bankruptcy Rules, chapter 7, discharge, Eleventh Circuit Cases, equitable tolling, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog