Articles

Indiana consumer bankruptcies fall faster than U.S. average

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.

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Filings for bankruptcy continue to fall

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.

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U.S. Courts seeks input on restyling bankruptcy rules

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.

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7th Circuit affirms rulings in telecom company 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.

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