Category Archives: Bankruptcy

Indiana Bankruptcy Petition Preparer Sentenced in Federal Court

Ronya Phillips of Goshen, Indiana, was sentenced to serve 18 months home detention upon her plea of guilty to two counts of suborning perjury. Phillips was formerly a bankruptcy petition preparer in which she prepared bankruptcy petitions and other documents … Continue reading

Posted in Bankruptcy | Leave a comment

CEO of Private Jet Charter Company Convicted of Bankruptcy Fraud

A federal judge convicted a Reston businessman yesterday on a series of fraud charges relating to a bankruptcy case in which he discharged over $6 million in personal debt, according to a DOJ press release. According to court records and … Continue reading

Posted in Bankruptcy, General | Leave a comment

Bankruptcy Filings Continue to Fall Sharply

Personal and business bankruptcy filings fell 29.1 percent for the 12-month period ending Sept. 30, 2021. A steady decline in filings has continued since the coronavirus (COVID-19) crisis began.   Business filings fell 27.9 percent, from 22,391 to 16,140 in … Continue reading

Posted in Bankruptcy | Leave a comment

Denial of a Motion to Convert from ‘11’ to ‘7’ Is Not Final and Thus Not Appealable

An order denying a creditor’s motion to convert from chapter 11 to chapter 7 is not a final order and is not appealable as of right, according to Chief District Judge Kimberly J. Mueller of Sacramento, California. The corporate debtor … Continue reading

Posted in Bankruptcy, General | Leave a comment

Ex-chief Legal Officer of Law Firm LeClairRyan Gets 44 Months in Prison

The Justice Department said yesterday that Bruce Matson, the former chief legal officer at now-defunct law firm LeClairRyan, has been sentenced to 44 months in prison after pleading guilty in July to obstructing a federal probe. U.S. District Judge John … Continue reading

Posted in Bankruptcy | Leave a comment

Judge Barnes Tells Gamblers What Records to Keep to Win a Discharge in Bankruptcy

Anyone who gambles incessantly risks bankruptcy and the denial of discharge without adequate documentation of gambling losses. Bankruptcy Judge Timothy A. Barnes of Chicago wrote an opinion listing records that gamblers should keep to avoid having their discharges denied under … Continue reading

Posted in Bankruptcy, General | Leave a comment

Doctor Who Allegedly Brandished a Gun During Online Bankruptcy Hearing Faces Possible Criminal Contempt

A doctor is facing criminal contempt proceedings after he allegedly brandished a handgun during a video-conferenced bankruptcy court hearing in the midst of an eviction dispute with his landlord. The doctor, who is not being named since the proceeding is … Continue reading

Posted in Bankruptcy, General | Leave a comment

Puerto Rico Bankruptcy Tab Nears $1 Billion as Case Nears End

Hurricanes, earthquakes, the removal of a governor from office and the COVID-19 pandemic have all prolonged the commonwealth’s bankruptcy to more than four years, adding to its costs and keeping the island in default. U.S. District Court Judge Laura Taylor … Continue reading

Posted in Bankruptcy, General | Leave a comment

Kmart Closing All but 16 Locations, Sears Closing All but 19

Another iconic superstore has announced that it will be closing all but 16 of its remaining locations in the coming months. Two years after being purchased out of bankruptcy along with Sears, Kmart continues to shrink its once-large footprint by … Continue reading

Posted in Bankruptcy, Business, General | Leave a comment

Trustee Wants Lawyer Jailed for Not Cooperating in Firm Bankruptcy

The chapter 7 trustee overseeing the dissolution of New York real estate law firm Kossoff PLLC asked a bankruptcy judge Tuesday to hold its founder in civil contempt and order him incarcerated if he continues defying court orders to cooperate. … Continue reading

Posted in Bankruptcy, General | Leave a comment