Bill on Bankruptcy: The Market's Unquenchable Thirst for Junk
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 instituted a credit counseling requirement for debtors filing for bankruptcy protection. Credit counseling agencies sprang up quickly on the heels of this...more
As the American economy continues to slog through the ongoing Great Recession, even financially sound companies face challenges due to the continued economic malaise. In particular, a company that works with suppliers,...more
The Bankruptcy Code protects lenders which reasonably rely upon a debtor’s financial statements when approving a loan. The Eleventh Circuit was recently faced with an “enterprising” debtor who attempted to challenge the...more
Faced with millions of dollars in debt exacerbated by high medical bills due to a serious heart condition, Grammy award-winning singer Toni Braxton filed for bankruptcy for the second time in 15 years. Ms. Braxton is now...more
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