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News and information on bankruptcy and bankruptcy law
By Chad Van Horn | January 18, 2024
Thanks to a Federal Education Department and Department of Justice collaborative initiative launched in November 2022, borrowers can more easily discharge their student loans through bankruptcy. I've advocated for this simple fix for years, and I'm glad to see it in action, finally.
4 minute read
Delaware Business Court Insider
By Mark E. Felger and Simon E. Fraser | January 17, 2024
A Nov. 14 opinion from the U.S. Bankruptcy Court for the District of Delaware provides a reminder of the potentially severe punishment that a party can suffer as a result of its violation of the automatic stay of Section 362 of the Bankruptcy Code, even if the debtor does not suffer any actual damages as a result of the violation.
6 minute read
By Dan Roe | January 16, 2024
The bankruptcy practice is poised to exceed the highs of 2020 due to a confluence of factors, recently hired O'Melveny partner Julian Gurule said.
3 minute read
By Brenda Sapino Jeffreys | January 12, 2024
A Texas man who sued former U.S. Bankruptcy Judge David Jones, alleging violation of his constitutional rights, has added Jackson Walker, Kirkland & Ellis and former Jackson Walker partner Elizabeth Freeman in a suit connected to an undisclosed romantic relationship between Jones and Freeman.
3 minute read
By Michael A. Mora | January 12, 2024
"If it's not in the license agreement, you do not have rights of exhaustion after the license agreement is terminated," said Kirk Villalon, a partner at Quintana Portal Villalon.
4 minute read
By Zack Needles | January 12, 2024
The news and analysis you need to start your day.
4 minute read
By Alaina Lancaster | January 11, 2024
Although advocates for these bankruptcy strategies say they can be more efficient routes to payouts for claimants, some attorneys say judges are likely to shut down these more novel uses of the bankruptcy code.
7 minute read
By Allison Dunn | January 11, 2024
"Conway ignored their ethical and contractual obligation to Smith, which is a basis of Smith's legal malpractice claim. It was improper for the trial court to resolve this issue in favor of Conway on summary judgment by finding that there was an implied contract for the Chapter 7 representation," Virginia Court of Appeals Judge Doris Henderson Causey wrote in a dissenting opinion.
5 minute read
By Amanda O'Brien | January 11, 2024
Pittsburgh-based shareholder James Newell will take over from Philadelphia-based Joe Dougherty in May.
2 minute read
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read
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