Divided appeals court says state claims are in keeping with federal law's goal of giving debtors "a fresh start." The U.S. Bankruptcy Code does not preempt a bankrupt debtor's state-law claims of ...

Bankruptcy Rule 1007 – Lists, Schedules, Statements, and Other Documents; Time Limits – Under amended Bankruptcy Rule 1007(b)(5), an individual Subchapter V debtor is no longer required to file ...

Ms. Jacoby is the author of the forthcoming book “Unjust Debts: How Our Bankruptcy System Makes America More Unequal.” Update: On Thursday the Supreme Court ruled 5 to 4 that the federal bankruptcy ...

A handful of recent high-profile court rulings have considered whether a chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to ...

The number of Americans who file for bankruptcy is growing. More than 500,000 people took this step in 2025, nearly 50% more than in 2022. And the numbers have kept on climbing, with a 12% jump in ...