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Northwestern National, the successor to Bellefonte Insurance Company, was placed into liquidation by a court in Wisconsin in May

What happens if a personal injury plaintiff files bankruptcy but fails to disclose the personal injury claim in the bankruptcy case? The United States Supreme Court has now resolved a circuit split...

In his weekly Realty Law Digest column (subscription required), Scott Mollen analyzes two notable cases.

The modification or cancellation of outstanding debts can lead to complicated and often adverse tax consequences to both the borrower and the lender.

Continuing a string of decisions interpreting tax-sharing arrangements, the Third Circuit recently held that under California law, a tax-sharing arrangement unambiguously created a debtor-creditor relationship and did not create an agency relationship or a trust relationship.

As ever-increasing budget deficits throw them into precarious financial positions, a debate has sprung up over whether states should be allowed to file for bankruptcy, as cities are allowed to do.

On Nov. 11, 2022, the once-third-largest cryptocurrency exchange, FTX, announced that it filed for bankruptcy protection along with approximately 130 additional affiliated companies.

The BRRD requires banks in the EU to meet a minimum requirement for MREL in order to ensure the effective application of the bail-in tool and appropriate loss absorption ...

Europe has struggled during the last several years to triage a long series of critical blows to the economies of the 28 countries that comprise the European Union, as well as the collective viability of eurozone economies.

How do you measure success in an industry where operators need to evaluate their business plans based on regulatory trends, tax limitations, and (sometimes illegal) competition?

Last week, the Department of Justice (DOJ) and the Department of Education (DOE) distributed guidance to the legal community clarifying the process for the discharge of federal student loans in bankruptcy proceedings.

Like much of the world, residents in the Kingdom of Saudi Arabia currently live under social distancing measures and government lockdowns. As a result, many businesses, particularly in the retail...

The most likely impact of the economic shutdown due to COVID-19 will be a rise in evictions, loan defaults and bankruptcy filings.

On March 25, 2020, the Senate passed an amendment to H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (as amended, the "CARES Act")

Pryor Cashman represented Clear Thinking Group, LLC, a New Jersey-based management consulting firm that specializes in restructuring advice, in its sale to PKF O'Connor Davies LLP...

Section 11 USC 524(a)(2) states that "[a] discharge in a case under this title...operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the debtor, whether or not sicharge of such debt is waived".

The statute provides that the Court "may" dissolve the corporation and wind up its affairs when the requirements of the statute are met.

The Court of Appeal's decision in Advanced Multi-Technology v Uniserve is a reminder that if you "repudiate" a contract, for example by saying you are not going to perform...