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. ...

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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 ...

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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 ...

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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 ...

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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.

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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 ...

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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 ...

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WITHDRAWN The parties owned fractional shares of different aircraft pursuant to a program formerly operated by the now-bankrupt Avantair, Inc. Since the governing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 ...

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The Eastern District of Virginia’s Local Bankruptcy Rule 3070-1(C), which allows for dismissal without hearing, conflicts with the requirements of 11 U.S.C. § 1307. Background In January 2017, the Eastern District’s bankruptcy trustee certified under Local Bankruptcy Rule 3070-1(C) that ...

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Debtors who moved from Louisiana to West Virginia could apply Louisiana bankruptcy exemptions to property located in West Virginia, because federal law allowed the debtors to choose a state exemption scheme, and Louisiana law is not limited to in-state property. ...

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