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Industry News

October 30, 2019

Murphy et al. v. Snyder et al., No. 18-1578, 2019 WL 4308631 (2d Cir. Sept. 12, 2019).

Ruling on a matter of first impression for the court, a panel of the Second Circuit held that a prior default judgment entered...

October 29, 2019

On remand from the United States Bankruptcy Appellate Panel for the First Circuit (“BAP”), the U.S. Bankruptcy Court for the District of Massachusetts Western Division was once again faced with the issue of wheth...

October 21, 2019

Jia Yueting, founder and former CEO of Faraday Future has filed for Chapter 11 bankruptcy in Delaware to “address his personal debts in China,” according to a statement provided by the company on October 13, 2019...

September 27, 2019

On September 19, 2019, a bill was introduced in the House of Representatives to amend Title 28 of the United States Code, to modify venue requirements relating to bankruptcy proceedings. This bill, introduced by...

September 23, 2019

U.S. Bankruptcy Judge Melvin S. Hoffman of the District of Massachusetts ruled a Chapter 7 debtor’s assumption of a personal property lease does not require a reaffirmation agreement. In this case, the debtor sou...

September 23, 2019

In October, the Supreme Court is scheduled to hear oral arguments on the issue of whether the “discovery rule” applies to toll the one-year statute of limitations under the Fair Debt Collection Practices Act, 15...

September 19, 2019

The Eleventh Circuit Court of Appeals recently affirmed a lower court’s rulings that a Chapter 13 debtor’s trailer located on agricultural land in violation of a county ordinance constituted his exempt homestead....

September 18, 2019

In Chapter 7 bankruptcy cases, the trustee is empowered to take back money or property that was improperly removed by the debtor before filing. This power, known as the “clawback period” allows a trustee to recov...

September 10, 2019

During the last 12 months, the retail sector has already seen bankruptcy filings spike, with major retailers in a variety of sub-sectors filing for liquidation, including Sears, Gymboree, and Payless. Bloomberg h...

September 6, 2019

On August 23, four new bankruptcy bills were signed into law by President Trump.

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