New bankruptcy cases filed for the year ending September 2018 have seen more than a 2 percent decrease from the year prior, the lowest for any 12-month period since June 2007. Bankruptcy filings fell by 2.2 percent for the year end Sept. 30, 2018 compared to the year ending Sept. 30, 2017.
A northeastern Indiana attorney says a growing number of senior citizens are filing for bankruptcy protection after falling into debt, often for medical expenses. Similarly, a study by the Consumer Bankruptcy Project found the rate at which seniors file for bankruptcy has tripled from 1991 to 2016.
Personal bankruptcy filings due to consumer debt tumbled in Indiana last year at a much faster pace than an overall national decline, according to federal bankruptcy court data released Monday. Hoosiers filed a combined 7.4 percent fewer petitions for Chapter 7, Chapter 11 and Chapter 13 bankruptcy in 2017.
Assumptive arguments made by a bankruptcy trustee suing former bank directors were rejected by the 7th Circuit Court of Appeals, which said his assertions colored the court skeptical.
Proposed federal court rule changes released for public comment Wednesday would impose new duties on prosecutors who seek to introduce evidence of a criminal defendant’s prior crimes and on lawyers involved in depositions, among other changes.
A Detroit-based hotel operator has sued the Indianapolis Airport Authority and Infosys Ltd., alleging the authority and the tech company colluded to wrongfully terminate the hotel company’s lease to make room for Infosys’ proposed $245 million innovation hub development at the airport.
The 7th Circuit Court of Appeals has begun the search for the next Indiana Southern District Bankruptcy Court judge as a current judge prepares to retire.Judge Basil J. Lorch III will soon vacate his position at the Southern District Bankruptcy Court after announcing his retirement in 2016.
Bankruptcy filings in federal courts continued their downward slide with more than 250,000 fewer cases filed for the year ending March 31, 2018, than were filed during the same period in 2014, according to the Administrative Office of the U.S. Courts.
With other federal rules having been rewritten over the last several years to make them simpler, more understandable and easier to use, the U.S. Courts Advisory Committee on Bankruptcy Rules is now considering whether to do the same for the federal rules of bankruptcy procedure.
In a continuing trend, bankruptcy filings in 2017 continued to fall, but at a slower rate than any time since 2010, a new report issued by the U.S. Courts says.
The U.S. Bankruptcy Court for the Southern District of Indiana has amended language governing the payment of filing fees to the court, a change prompted by recent concerns about attorneys using clients’ filing fee payments for other purposes.
The Indiana Northern District Bankruptcy Court has amended two of its local rules relating to costs and pre-trial procedures.
Indiana’s Northern District Bankruptcy Court is seeking public comment on a proposed addition to a local rule.
A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.
A now-bankrupt telecommunications provider cannot avoid making payments invoiced by its supplier prior to the filing of an involuntary bankruptcy petition because the supplier has a legitimate defense under the “new value” concept in U.S. Bankruptcy Code, the 7th Circuit Court of Appeals has ruled.
A Delaware County man’s complaint alleging his stepmother violated her duties as trustee of his deceased father’s trust will continue after the Indiana Supreme Court upheld a finding that the trial court has jurisdiction to hear the case.
The Indiana Court of Appeals has affirmed partial summary judgment for an Indianapolis law firm in a defamation case, finding the challenged statements made by the firm were protected by absolute privilege.
A Carmel-based home health care company stripped of its certification to receive Medicare funding in Indiana will return to the district court in Indianapolis to defend against government claims seeking nearly $5 million in restitution.