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Bankruptcy

Members of the bankruptcy bar have watched, debated and questioned the results of the U.S. Supreme Court’s recent 5-4 ruling that upended an agreement related to the bankruptcy proceedings of Purdue Pharma, maker of OxyContin. (Depositphotos.com)
Sep 18, 2024

Ruling sparks interest, debate among bankruptcy bar

The U.S. Supreme Court's decision in the Purdue Pharma bankruptcy has led to diverse reactions from lawyers in that field, highlighting uncertainties in third-party liability releases and potential impacts on bankruptcy practices, particularly in mass tort cases.

David Lorenz, Maryland director of Survivors Network of those Abused by Priests, talks to journalists Tuesday outside of the Maryland Supreme Court in Annapolis, Md. (Associated Press)
Sep 12, 2024

Court hears arguments on child sex abuse lawsuits

ANNAPOLIS, Md. — The Supreme Court of Maryland heard arguments Tuesday about the constitutionality of a 2023 law that ended the state’s statute of limitations for child sexual abuse lawsuits […]

The Texas two-step bankruptcy defense might be threatened by a small-but-important phrase is a recent U.S. Supreme Court opinion. (Depositphotos.com)
Jul 18, 2024

SCOTUS ruling suggests end for ‘Texas two-step’

A U.S. Supreme Court decision hints at potential restrictions on the "Texas two-step" bankruptcy strategy, inspiring optimism for plaintiffs' attorneys.

Small businesses filing bankruptcy under Subchapter V found the process cheaper and less time-consuming than the traditional Chapter 11 method. (Associated Press file)
Jul 3, 2024

Program’s end could make small businesses’ bankruptcy filings more difficult

NEW YORK — A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more […]

In a 5-4 vote Thursday, the U.S. Supreme Court rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from lawsuits. (Associated Press file)
Jun 28, 2024

SCOTUS rejects nationwide Purdue Pharma opioid settlement

WASHINGTON — The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from […]

A federal Bankruptcy Court trustee is planning to shut down the Infowars media platform owned by conspiracy theorist Alex Jones, above, and liquidate its assets. (Associated Press)
Jun 25, 2024

Bankruptcy trustee discloses plan to liquidate Jones’ assets

A U.S. Bankruptcy Court trustee is planning to shut down conspiracy theorist Alex Jones’ Infowars media platform and liquidate its assets to help pay the $1.5 billion in lawsuit judgments […]

Jun 1, 2024

Bankruptcy – Bankruptcy Case or Proceeding – Final Decision – Interlocutory – Civil Contempt Order – Final Appealable Orders – Lack of Jurisdiction

Civil contempt and sanctions orders entered against appellants for violating a discovery order are interlocutory and cannot be immediately appealed as of right. The district court correctly dismissed these appeals […]

Jun 1, 2024

Bankruptcy – Tenant by the Entirety – Exempt From Process – Applicable Non-Bankruptcy Law – Chapter 7 Bankruptcy – Non-Joint Creditors – Federal Tax Lien – Sumy v. Schlossberg

Debtor’s interest in his home as a tenant by the entirety is not “exempt from process” under “applicable non-bankruptcy law.” We affirmed the judgment of the district court. Debtor Ronald […]

Gov. Josh Stein
Jan 25, 2024

Stein leads AGs seeking review of bankruptcy tactic

RALEIGH — A bipartisan group of attorneys general, including North Carolina’s Josh Stein, have filed a brief with the United States Supreme Court, seeking a review of a lower court’s […]

Oct 11, 2023

‘Document dump’ leads to contempt finding

DETROIT — Michigan taxpayers will be on the hook for a financial penalty after state attorneys violated a court order by distributing protected documents in the Flint water prosecution. A […]

Jul 12, 2023

Bankruptcy – Preliminary Injunction – Non-Debtor Jurisdiction – Corporate Reorganization – Asbestos

Former Georgia-Pacific LLC’s (Old GP’s) business included manufacturing asbestos-containing products. When Old GP restructured into debtor-Bestwall LLC (Old GP’s asbestos-related business interests) and non-debtor Georgia-Pacific LLC (New GP) (Old GP’s […]

Jun 29, 2023

Bankruptcy – Chapter 13 Plan – High Mortgage Payment – Disposable Income – First Impression

Even though the respondent-debtors’ mortgage payment is higher than the amount listed in the “National and Local Standards” for their area, since a mortgage is a secured debt, the entire […]


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