A New Zealand cryptocurrency exchange, Cryptopia Limited, filed bankruptcy in New York under Chapter 15, seeking the United States’s recognition of its liquidation proceeding filed in its [...]
Women’s clothing store Dressbarn is among the latest brick and mortar retailers to throw in the towel. Dressbarn’s parent company, Ascena Retail Group, which also owns Lane Bryant, [...]
Many contracts, including residential leases, service contracts, licenses and supply agreements, have termination provisions that are to take effect automatically upon bankruptcy by one of the [...]
Last holiday season I wrote a post on Schubach Jewelers going out of business. Since then I’ve received several phone calls from people who purchased jewelry and accompanying maintenance [...]
A post about Schubach Jewelers’ bankruptcy prompted a question from a reader. She asked, “I have a warranty on a piece of jewelry. What happens now?” It’s a great question [...]
The Means Test, officially known as the Statement of Current Monthly Income, is a nasty provision added to the Bankruptcy Code in 2005 after predatory credit card issuers convinced Congress that [...]
What happens to student loan debt in bankruptcy? For the most part, it’s non-dischargeable unless the debtor can show that being required to repay the loan will cause an “undue [...]
When a person files bankruptcy, a bankruptcy estate is created. This estate consists of all the property that becomes subject to the control and administration of the bankruptcy trustee. Very [...]
The largest utility company in California, Pacific Gas and Electric, or PG&E, filed Chapter 11 last week, listing over $50 billion in assets and $50 billion in debt. This bankruptcy might [...]
Another iconic retailer, Gymboree, has filed bankruptcy. This is the second Chapter 11 filing in two years, prompting some to label this a “Chapter 22.” Founded in 1986, Gymboree [...]
