The Department of Justice (DOJ) has advised the Administrative Office of the U.S. Courts that it has no funds available to transfer to the Judiciary to make additional payments to eligible chapter 7 bankruptcy trustees for fiscal year 2023. Trustees interested in receiving the additional payments … [Read more...]

After the Supreme Court struck down a controversial bankruptcy plan from Purdue Pharma, the maker of OxyContin, those who sued the drug company were left uncertain about when promised funds would be available to combat addiction and other damage from the ongoing drug epidemic. The ruling upended a … [Read more...]

Rudolph W. Giuliani told a bankruptcy court on Monday that he would like to have his assets sold to pay his creditors, including two Georgia election workers he defamed in his efforts to keep former President Donald J. Trump in office after the 2020 election. Mr. Giuliani asked the bankruptcy … [Read more...]

NEW YORK — Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection. The bankruptcy filing comes after months of a series of financial struggles for the company and piling unpaid bills. Chicken Soup for the Soul has … [Read more...]

WASHINGTON — The Supreme Court said Thursday that members of the Sackler family cannot be shielded from liability for civil claims related to the opioid epidemic, jeopardizing a bankruptcy plan that would have offered such protection in exchange for channeling billions of dollars toward addressing … [Read more...]

When you’re considering filing bankruptcy, you may not be aware of the options that you have. A Chapter 13 bankruptcy doesn’t discharge all of your debts, but it does put you on the path towards a new and bright financial future, free of credit problems. The path might not be easy, but the … [Read more...]

Before you decide to declare Chapter 13 bankruptcy, it’s important to consider the pros and cons. It is generally recommended for individuals who can afford daily living expenses but are struggling to make payments on debts. Pros to declaring Chapter 13 bankruptcy include:  all property is … [Read more...]