Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...
The Bankruptcy Code Is Stacked Against Black Families. Elizabeth Warren’s New Bill Would Change That
Bankruptcy offers an exit route for families and businesses trapped by debt. In 2019, Forever 21, Barneys New York and Payless ShoeSource declared bankruptcy. Donald Trump’s businesses have declared ...
Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...
As Chapter 7 bankruptcy brings forward liquidation, the LIT Boutique store registered at 223 Newbury Street will likely be ...
[UPDATE 4/30/2015 -- Bankruptcy Court's decision reversed by the U.S. District Court, see http://goo.gl/5iahmc -- See my Update Article at http://onforb.es/1Fzw7ej ...
Shareholders of DZS Inc. are unlikely to receive any distribution for their shares following the bankruptcy proceedings. Additionally, the commencement of the Chapter 7 cases may trigger defaults ...
A leading comic book distributor shifts from Chapter 11 to Chapter 7 bankruptcy, handing control to a trustee and signaling a major liquidation.
When a person files for bankruptcy, it’s a sad day. Although the bankruptcy code was enacted to give a “fresh start to the honest but unfortunate debtor” and a single point of contact for creditors ...
The Court started its bankruptcy day with Harris v. Viegelahn, a case involving the seemingly minor question of what happens to funds that a bankruptcy trustee is holding at the moment that a debtor ...
The statute does not define what constitutes a "deposit." In In re Superior Air Charter, Case No. 20-11007 (CSS) (Del. Bankr. April 9, 2021), Chief Judge Christopher Sontchi had to decide whether ...
Recent revisions to the U.S. Bankruptcy Code might open the door to headaches and heartaches for landlords that rent to small businesses. In August 2019, Congress created what’s known as Subchapter 5 ...
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