Declaring bankruptcy can offer big relief to those buried by debt, but do debt collectors get paid in the process?

The U.S. Department of Health & Human Services may seek over $1 billion from Johnson & Johnson as reimbursement for federal ...

It is generally well understood that an order of a U.S. bankruptcy court recognizing a debtor's foreign bankruptcy case as a "main" proceeding ...

Pursuant to Section 503(b)(1)(A) of the Bankruptcy Code, "wages, salaries, and commissions for services rendered after the commencement of the ...

The company seeking bankruptcy protection faces many reputational and business challenges, the biggest of which is a loss of ...

A hearing for the Idaho-based company is set for Friday, when a judge will rule on the sale of the aquarium’s remaining ...

The Archbishop of New Orleans has dismissed Second Harvest Food Bank’s leadership after the nonprofit refused to contribute ...

Delays in insolvency proceedings not only frustrate the bankruptcy process, but also increase administrative expenses, which ...

For the second time in less than a year, Joann Inc. filed for Chapter 11 bankruptcy protection. This time, it’s also trying to sell itself to another company in an effort to “maximize the valu ...

For overseas debtors looking to file for bankruptcy in the U.S., “basically a dollar is enough” to show a business presence.