By Jason Thomas jthomas@scbiznews.com There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing ...

Tagged with: Bankruptcy

  A little-known quirk of bankruptcy law in North Carolina is garnering national attention as courts across the country debate whether the different treatment afforded debtors in the state’s bankruptcy courts violates the U.S. Constitution.  The issue was placed front and center ...

Tagged with: Bankruptcy

  The stilling of the American economy in response to COVID-19 might have been expected to drive legions of businesses and families into bankruptcy; a vaccine-aided economic recovery in 2021 might have been expected to keep them out of it. ...

Tagged with: Bankruptcy

By Joan N. Feeney Although relief under Chapter 11 of the nation’s bankruptcy laws can have consummate benefits for a business in financial trouble, evaluating the advantages and disadvantages of a bankruptcy filing is an essential analysis for every business ...

Tagged with: Bankruptcy

When two major national retailers, J. Crew and Neiman Marcus, filed for Chapter 11 bankruptcy in the first week of May, the news reports read like obituaries, with the novel coronavirus being listed as the companies’ cause of death. But ...

Tagged with: Bankruptcy

Small businesses that are struggling to reorganize their debts may find it easier to get a fresh start thanks to changes to federal bankruptcy laws taking effect next year. The Small Business Reorganization Act, which was signed into law in ...

Tagged with: Bankruptcy

While it may be said that the greatest wealth is to live content with little, this idea may be small consolation to the growing population of elderly Americans filing for personal bankruptcy.

Tagged with: Bankruptcy

The plaintiff-supplier makes no allegation that it was treated any differently than other unsecured creditors of the now-bankrupt corporation. Rather, plaintiff alleges that the defendant-directors preferentially paid off the corporation’s secured obligations that were secured by the directors. Since none ...

Tagged with: Bankruptcy

North Carolina-based Creative Recycling Systems recently played a role in a lawsuit brought over antiquated computer monitors and cathode ray tube television sets. According to an Aiken Standard article, the lawsuit was brought by Carolina Pines LLC, which owned a ...

Tagged with: Bankruptcy lawsuit

WITHDRAWN The parties owned fractional shares of different aircraft pursuant to a program formerly operated by the now-bankrupt Avantair, Inc. Since the governing documents allowed Avantair to move engines from one plane to another, defendants are not entitled to have ...

Tagged with: Bankruptcy