News

In the case of Morrison v. Western Builders of Ama­rillo Inc. in the 5th U.S. Circuit Court of Appeals, Chief Judge Edith H. Jones ruled that bankruptcy courts have the power to award money...

According to an article in the Star-Telegram , banking institutions claim that the Federal Reserve is stifling their lending efforts and ability to infuse the economy with more credit. The article said: Fearing more...

The House Judiciary Committee has approved a bankruptcy reform bill that will allow bankruptcy judges to modify mortgages for people facing foreclosure .The bill's sponsor, Democratic Rep. John Conyers Jr. spoke of the importance...

According to an article in the Dallas Morning News, over 24 homebuilders have essentially shut down and are facing bankruptcy because they don't have the funding to continue operations. Many buyers and otherwise healthy...

President Obama and his administration have updated the White House website and included their position on bankruptcy changes. The site says that President Obama wants to: Reform Corporate Bankruptcy Laws to Protect Workers and...

U.S. Circuit Court of Appeals ruled in Hersh v. United States, No. 07-10226 that attorneys are included in the bankruptcy section 101(12A)'s definition of "debt relief agency" and that Section 527(b)'s disclosure requirements regarding...

What's rarely being talked about is how the credit card companies are at risk of going bankrupt. Many may applaud; but I say not so fast. Most of these credit card companies have created...