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.
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.
Retiring Judge Basil H. Lorch III of the U.S. Bankruptcy Court for the Southern District of Indiana will be honored in a private ceremony Friday for his 27 years of service in the federal judiciary.
The United States Bankruptcy Court for the Southern District of Indiana is seeking public comment concerning proposed amendments to the court’s local rules, including some required by changes to national rules. Comments are due by 5 p.m. Nov. 28.
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.
A nearly $200 million increase in the Fiscal Year 2018 budget is enabling the federal judiciary to increase compensation for jurors and indigent defense attorneys while also performing construction projects at three federal courthouses.
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.
Failed retailer HHGregg Inc., which racked up more than $2 billion in annual revenue prior to landing in bankruptcy this March, has sold its name and other intellectual property rights for a mere $400,000.
The federal courts and other agencies in the Southern District of Indiana are offering a free CLE this month honoring an Indiana legend as part of their annual Black History Month event.
The U.S. Bankruptcy Court for the Southern District of Indiana is seeking comment on its proposed expansion of a mortgage loss mitigation mediation program currently used in the New Albany division.
Bankruptcy cases filed in federal courts for the fiscal year 2015 are down 11 percent as compared to FY 2014, the Administrative Office of the United States Courts announced Wednesday
The Supreme Court of the United States says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent.