Law

Bankruptcy Code Does Not Preempt State Creditor-Harassment Claims, 4th Circuit Rules

Divided appeals court says state claims are in keeping with federal law's goal of giving debtors "a fresh start." The U.S. Bankruptcy Code does not preempt a bankrupt debtor's state-law claims of ...

Chapter 7 vs. Chapter 13 Bankruptcy: Which Is Best for You?

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of ...
American Banker

Rising bankruptcies are a risk to banks' 2Q earnings

The volume of bankruptcy filings has been climbing, particularly among small businesses. But analysts note that the numbers ...
Law

Second Circuit Weighs In on Whether the Bankruptcy Code Requires Payment of Post-Petition Interest on Unsecured Claims

Prior to the enactment of the Bankruptcy Code in 1978, courts generally determined that a debtor's obligations to pay interest stop accruing as of the petition date. Section 502 (b) (2) of the ...

6th Circuit rules property tax foreclosure can be avoided as preferential transfer under Bankruptcy Code

Bethany D. Simmons and Noah Weingarten of Loeb & Loeb LLP examine the findings of a 6th Circuit ruling that a property tax ...
NewsBytes

MSMEs recover less than 1% under Insolvency and Bankruptcy Code

Micro, small, and medium enterprises (MSMEs) are disadvantaged under the Insolvency and Bankruptcy Code (IBC), with ...