Despite continued high unemployment related to the coronavirus pandemic, personal and business bankruptcy filings in the United States continued a sharp decline for the second straight quarter.
If you thought the COVID-induced recession would cause a spike in bankruptcy filings, you’d be wrong. In fact, according to one Indianapolis practitioner, “bankruptcies are in the toilet.” But that doesn’t mean bankruptcy practitioners are sitting idle, as existing clients still need their service. More than that, a wave of new clients is likely coming.
Comments from the public are now being sought by the United States Courts on numerous appellate, bankruptcy, civil and criminal rules.
A federal judge has denied a request by a former executive of now-defunct Celadon Group Inc. to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
Personal and business bankruptcy filings posted a decline in the year ending June 30, despite a sharp rise in national unemployment stemming from the impact of the novel coronavirus pandemic.
Weighed down by lawsuits and lax retail sales restrictions following the Sandy Hook school massacre, Remington Arms, the nation’s oldest gunmaker, is seeking bankruptcy protection for the second time in as many years.
Prosecutions against immigrant defendants and cases involving diversity of citizenship saw higher numbers last year, according to the United States Courts’ Annual Report and Court Statistics for 2019. Meanwhile, appellate filings dropped nationwide.
The bankruptcy trustee seeking to recover millions of dollars for victims of Indianapolis businessman Tim Durham’s Ponzi scheme has come up empty in a nearly decade-long lawsuit against a deep-pocketed lender he alleged was culpable in the fraud.
The Indiana Court of Appeals has affirmed an award of summary judgment for a bank and trust company in a mortgage foreclosure case brought by a Noblesville couple, rejecting the couple’s evidentiary challenges.
The U.S. Bankruptcy Court for the Northern District of Indiana has announced updates will go into effect March 2 regarding the payment of filing fees for electronically filed cases.
A high-stakes lawsuit goes to trial Monday that could represent the last, best hope for victims of Indianapolis businessman Tim Durham’s Ponzi scheme to recoup a sizable recovery on their more than $200 million in losses.
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on.
A major home appliance company could not convince the 7th Circuit Court of Appeals to rule in its favor in a Chapter 11 appeal as it sought to reclaim goods sold to now-defunct Indianapolis-based retailer HHGregg on the eve of its bankruptcy.
Bankruptcies filings increased slightly in the year ending Dec. 31, 2019, continuing an uphill trend of such filings after nearly a decade of annual decline, the federal courts reported.
Indianapolis-based Celadon Group Inc., which is auctioning off its assets in bankruptcy, isn’t just shedding trucks and real estate — it’s also selling Andy Warhol artworks.
The number of cases filed in the United States Supreme Court and federal district courts increased in the last year, while the regional courts of appeal saw a slight filing decrease, according to Chief Justice John G. Roberts Jr.’s 2019 Year-End Report on the Federal Judiciary.
A former Fort Wayne bankruptcy lawyer who served a completed a federal prison sentence for embezzling from a client has resigned from the Indiana bar. Randall Stiles, 46, was released from the federal penitentiary in Terre Haute on Oct. 31 after serving a six-month sentence imposed in March for his guilty plea to two counts of bankruptcy fraud and a misdemeanor tax charge.
An Indianapolis-based trucking company with nearly 4,000 employees said Monday it filed for bankruptcy and will shut down all operations, just days after two former officials were charged in a fraud scheme.
Reversing a years-long trend of declining bankruptcy filings, new cases inched upward in the year ending Sept. 30, 2019, the federal judiciary reported. The rise in bankruptcy filings in Indiana outpaced the national increase, the report shows.
A divided panel of the Indiana Court of Appeals on Thursday threw out a lawsuit against two lawyers filed by their opposing party in long-running litigation, the current case over proceeds from a tax sale that the lawyers distributed to their clients. The majority ruled that the lawsuit — filed one day outside the two-year statute of limitations — should be dismissed.