Articles

Proper forum for dispute is tax court, not bankruptcy

A federal appellate panel has answered questions as to whether a bankruptcy court can determine the amount of a debtor’s tax obligations when the debtor is unlikely to pay them. Although a U.S. Bankruptcy Court for the Southern District of Indiana answered yes to that question, a district judge disagreed.

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Federal courts report bankruptcies continue to decline

Continuing a trend of recent years, bankruptcies nationwide declined for the fiscal year that ended June 30, 2019, U.S. Courts reported. Overall personal bankruptcies declined slightly, though business filings increased for just the third time this decade. Indiana’s Southern District bankruptcy numbers, however, told a different tale.

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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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Decline in bankruptcy filings is smallest in years

National data released Wednesday by the United States Courts suggests a continuing decline in bankruptcies may be plateauing. Bankruptcy filings fell by 1.8 percent for the 12-month period ending September 30, 2017, compared with the year ending September 30, 2016.

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ITT trustee hires ‘feared’ litigators

The Chapter 7 bankruptcy trustee for ITT Educational Services has hired “the most feared” litigators in the nation to help with investigating and prosecuting claims against the former directors and officers of the for-profit school.

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