This little-known bankruptcy timing rule can impact your case, your assets and even whether you can file at all.

Filing for Chapter 7? Avoid the errors that could derail your bankruptcy case or leave you worse off financially.

New restrictions will likely make it more difficult to declare personal bankruptcy. Most members of Congress are of the opinion it has become too attractive for people in this country to declare ...

Rule 9031 of the Federal Rules of Bankruptcy Procedure prevents all bankruptcy judges and, if broadly interpreted, any federal judge hearing bankruptcy cases and proceedings, from appointing special ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The power to commence a Rule 2004 examination, commonly compared to a "fishing expedition," is not unchecked. The principal limitation is the so-called pending proceeding rule, which prevents a party ...

A group of judges and lawyers asked the Judicial Conference’s bankruptcy rules advisory committee to hold off discussing a proposal to create a federal rule that would randomly assign large chapter 11 ...

Pressure is growing on the Biden administration to make it easier to discharge student loan debt in bankruptcy. President Joe Biden campaigned on reforming the bankruptcy system, which currently makes ...

McKinsey & Company has spent months fighting in court over how it should disclose potential conflicts of interest when it advises bankrupt companies. The powerful consulting firm has defended itself ...

Grist is a nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future. A battle over who is responsible for cleaning up hundreds of oil and gas rigs ...