Attributing the problem to the subprime mortgage crisis, the American Bankruptcy Institute has reported a 47.7 percent increase in consumer bankruptcy filings during the past month, compared to April 2007.
When struggling companies go under in a big way, bankruptcy trustees today are increasingly looking to their accountants and lawyers to ante up at least some of the missing money
Corrected: McDermott, Will & Emery is facing a $200 million malpractice suit by the bankruptcy trustee by Saint Vincent’s Catholic Medical Centers of New York.
The troubled economy is reflected in new figures that show bankruptcy filings rose last year by 38 percent. The totals show consumers aren’t as shy about seeking Chapter 7 liquidations,…
A New Orleans federal judge is revealing more details of the disciplinary case against him and is seeking release of a secret dissent to an impeachment recommendation.
Ten former partners of the bankrupt law firm Brobeck, Phleger & Harrison and the two new firms they joined are facing lawsuits by a bankruptcy trustee.
In a case that may be something of a signpost pointing to further litigation related to the subprime mortgage crisis, a bankruptcy trustee has filed suit against major investment banks…
A bankruptcy examiner has proposed in a report issued late last month that the former partners of Coudert Brothers pay $11.8 million to liquidate the failed New York City-based law…
The trustee in SonicBlue’s bankruptcy is seeking disgorgement of fees and damages against two law firms connected to the case: Pillsbury Winthrop Shaw Pittman and Levene, Neale, Bender, Rankin &…
A federal judge has authorized the U.S. Trustee to investigate whether mortgage processing systems used by Countrywide Financial Corp. have affected “the integrity of the bankruptcy process.”
A well-respected Boston bankruptcy judge is reconsidering his decision to resign after a flurry of publicity about the circumstances of his arrest for drunken driving.
A new survey has found that lawyers expect bankruptcy to be the hottest growth area for law firms this year. That’s no secret to law firm managers who are already…
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