Bankruptcy & Debt Law

Bankruptcy is the legal status of a person or an entity that is unable to repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor. In the United States, bankruptcy refers to the form insolvency proceedings for both individuals and organizations that take place in Federal Bankruptcy Court. Most filings in Bankruptcy Court are made under Chapter 7, Chapter 11 and Chapter 13 of the Bankruptcy Code. Debtor and Creditor law includes regulations concerning foreclosures, repossession, credit cards, credit reporting and debt collection

  1. News Gawker Files for Bankruptcy Protection

    Gawker Media filed for federal bankruptcy protection and may avoid payment of a $140 million jury verdict to Hulk Hogan.
  2. News Former Dewey Partner Details Infighting Prior To Bankruptcy

    A former rainmaker of bankrupt power law firm, Dewey & LeBouef, testified as to the critical meeting which incensed other partners and led to its collapse.