Bankruptcy Law
1111 ABA Journal Bankruptcy Law articles.
A former corporate client suing two large law firms for $310 million contends that a plural word in a purchase agreement wrongly suggested that it was responsible for an accelerated payout in the event of a second purchaser’s bankruptcy.
Oct 18, 2021 1:32 PM CDT
Updated: A New York federal judge has overturned a decision to discharge a law grad’s student debt, citing a “constellation of evidence” that the debtor “placed himself in this predicament" after abandoning a legal career.
Oct 5, 2021 12:53 PM CDT
Oct 1, 2021 1:00 AM CDT
DOJ seeks to stop Purdue Pharma bankruptcy plan
The U.S. trustee for the Justice Department has filed a motion to halt a judge’s approval of a controversial bankruptcy plan for…
Sep 17, 2021 4:15 PM CDT
A federal bankruptcy judge conditionally approved on Wednesday a settlement that dissolves Purdue Pharma and directs the company’s owners, members of the Sackler family, to turn over $4.5 billion through roughly the next decade.
Sep 2, 2021 2:39 PM CDT
LeClairRyan’s bankruptcy trustee has added claims against firm co-founder and former CEO Gary LeClair in an amended complaint filed Wednesday.
Aug 26, 2021 1:22 PM CDT
The House of Delegates passed a resolution at the ABA Hybrid Annual Meeting on Tuesday urging Congress to amend the U.S. Bankruptcy Code to allow borrowers to discharge student loans without proving that repayment of the debt imposes an “undue hardship” on them or their dependents.
Aug 10, 2021 1:44 PM CDT
Police are investigating the killing of a New York divorce lawyer found dead in his New York City office Thursday.
Aug 9, 2021 12:13 PM CDT
A bipartisan bill unveiled Tuesday would make it easier to discharge federal student loans in bankruptcy after a 10-year waiting period.
Aug 5, 2021 11:13 AM CDT
The former general counsel for the
defunct law firm LeClairRyan has pleaded guilty to obstructing an official proceeding for trying to thwart an investigation into his misconduct as a bankruptcy trustee.
Jul 23, 2021 12:22 PM CDT
When COVID-19 began hitting the United States hard last year, Janine Sickmeyer was among those in the bankruptcy world who thought that there would be a tsunami of cases. But contrary to the prognostications of many, the influx never materialized.
Jul 21, 2021 9:04 AM CDT
A lawyer with a BigLaw firm was able to thwart a billion-dollar qui tam case against the Lennar Corp. when she found a California real estate developer’s name on a change-of-counsel form.
Jul 20, 2021 12:28 PM CDT
Privately issued student loans may be discharged in bankruptcy, a federal appeals court has ruled.
Jul 16, 2021 3:20 PM CDT
US lawyer in Hong Kong sentenced to prison
Samuel Bickett, a U.S. lawyer in Hong Kong, has been sentenced to four months and two weeks in jail for intervening…
Jul 9, 2021 4:24 PM CDT
Boy Scouts of America strikes $850M deal
The Boy Scouts of America has agreed to pay $850 million to settle sex abuse claims by about 60,000 people. The group says…
Jul 2, 2021 4:10 PM CDT
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