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Specialized bankruptcy software is transforming the way attorneys manage these cases, making the process more efficient and accurate. Navigating bankruptcy cases can be complex and time-consuming for attorneys, especially with shifting regulations and extensive paperwork. What is Bankruptcy Software?
There are three main elements that can make or break a bankruptcy case: paperwork, timelines and communication. Adding to the challenge are the strict timelines of bankruptcy. Bankruptcy cases also require attorneys to be master communicators, constantly communicating with clients, creditors, trustees and the court.
Bankruptcy documents, often lengthy and complex, can be made more digestible with the help of AI summarization tools. These tools can efficiently condense intricate details, legal jargon, and financial information into concise summaries, enabling bankruptcy lawyers to quickly grasp the key points and implications of the documents.
In Siegle , the Court is considering whether the 2017 Amendment to the Bankruptcy Judgeship Act, which increased quarterly fees for Chapter 11 cases in the Trustee program but not the Bankruptcy Administrator program, violates the uniformity requirement of the Constitution’s Bankruptcy Clause.
“J&J Effort to Use Bankruptcy to End Talc Cancer Claims Rejected”: Steven Church, Jonathan Randles, and Jef Feeley of Bloomberg News have this report. Bankruptcy Court for the Southern District of Texas at this link. ” You can access yesterday’s ruling of the U.S.
There is so much mis-information about bankruptcy and how it works, or does not work. They don’t take the time to educate you or fully inform you about the serious issues that are part of a path you are choosing to take (like filing bankruptcy). Drain Click here for steps to your free bankruptcy consultation.
Fitzgerald that Congress’ enactment of a significant Chapter 11 bankruptcy fee increase in 48 states, exempting some debtors in two states, violated the Bankruptcy Clause’s uniformity requirement. ” The post US Supreme Court holds increased fees unconstitutional in some bankruptcy cases appeared first on JURIST - News.
A judge for the US Bankruptcy Court for the District of Puerto Rico Tuesday gave final approval to a plan for Puerto Rico to exit bankruptcy after nearly five years. The post Federal judge approves Puerto Rico bankruptcy plan appeared first on JURIST - News.
The US Supreme Court Wednesday ruled in a slip opinion that a Chapter 7 bankruptcy debtor cannot discharge a debt that resulted from her partner’s fraudulent activity under 11 U.S.C. § The Bartenwerfers could not pay the judgment and filed for Chapter 7 bankruptcy. 523(a)(7)(A). 523(a)(7)(A), regardless of her culpability.
InfoWars and conspiracy theorist Alex Jones filed for Chapter 11 bankruptcy protections in the Southern District of Texas on Friday. ” He claims that the 9/11 attacks and the Sandy Hook shooting were orchestrated by groups within the United States government, the latter claim being the primary cause of his bankruptcy.
Coughlin, which focuses on the effect of the Bankruptcy Code on the sovereign immunity of Native American tribes. The Bankruptcy Code revokes sovereign immunity from the United States, department agencies and “other foreign or domestic government[s].”
Transform Holdco , a case examining appellate court jurisdiction over sales orders in federal bankruptcy proceedings. As part of the federal bankruptcy proceedings, Sears sold its assets and the Mall of America lease was transferred to Transform Holdco LLC, a corporation formed by Sears’ new owners.
BSA declared bankruptcy in 2020 amid thousands of lawsuits for sexual abuse against Scout Leaders. A settlement was approved by a bankruptcy judge in September of 2022 and upheld by a federal court in March of the following year. billion settlement between sexual abuse victims and the Boy Scouts of America (BSA).
Judge John Dorsey of the United States Bankruptcy Court District of Delaware rejected in part and ruled in favor in part of a motion Friday by bankrupt cryptocurrency trading company FTX’s debtors and the Official Committee of Unsecured Creditors requesting the company’s customer list stay private.
The decision reversed an early Bankruptcy Court order in favor of J&J. The circuit court’s decision is the first judicial rejection of the so-called “Texas two-step,” a novel and controversial legal strategy in which large corporations attempt to shield themselves from mass tort liability through bankruptcy claims.
Current state law precludes debtors like the Hebenthals from receiving tax refunds if they recently filed for bankruptcy before getting the funds. The Hebenthals, who filed for Chapter 7 bankruptcy protection in January, said their financial woes mounted when they separated last year and she lost her job for about six months.
Nothing about Giuliani's past made him appear to be anything close to a good-faith bankruptcy filer. The post Rudy Giuliani’s Disastrous Bankruptcy Case Reveals Bankruptcy System’s Loopholes For Influential Debtors appeared first on Above the Law.
The US Supreme Court Monday announced that it had granted review to three additional cases dealing with civil procedure, bankruptcy law, and worker’s compensation. Fitzgerald , deals with fees in bankruptcy court. The Bankruptcy Judgeship Act , passed in 2017, increased fees in some bankruptcy courts but not in others.
A judge for the US Bankruptcy Court for the Northern District of Texas dismissed the National Rifle Association’s (NRA) Chapter 11 bankruptcy filing on Tuesday, finding that the NRA did not file the petition in good faith. ” The case for dissolution of the NRA will continue in the New York County Supreme Court. .”
The US Supreme Court Monday granted review to three cases spanning questions of bankruptcy, overtime pay and federal civil rights claims. The post US Supreme Court grants review to bankruptcy, overtime pay and federal civil rights cases appeared first on JURIST - News. In Bartenwerfer v. 523(a)(2)(A).
If You Are Going to File Bankruptcy, You Must Follow the Rules – No Exception. He filed a “skeletal” chapter 7 bankruptcy case on March 2, 2020. On March 11, Harrell requested, and the bankruptcy court granted, an extension of time to file missing documents. Bankruptcy is not a game. In prison?
The post Rudy Giuliani Adding Financial Bankruptcy To Moral Bankruptcy appeared first on Above the Law. The former NYC mayor is out of money. but that doesn't mean he gets to skip out on the people he defamed.
The National Rifle Association (NRA) announced Friday in a press release that it filed Chapter 11 bankruptcy and will reincorporate in Texas. This kind of maneuvering is legally permitted when an organization files Chapter 11 bankruptcy. The association claims that the move is a part of strategic maneuvering for its betterment.
The post Express Files For Chapter 11 Bankruptcy appeared first on Above the Law. The company will close about 100 stores, after months of sinking demand.
When the business files for bankruptcy, the creditors of the business justifiably complain that the shareholders should not have used the businesss money to pay off the shareholders personal tax liabilities. Congress included a waiver of sovereign immunity in the Bankruptcy Code in 1978. A business is in financial distress.
The post Gateway Pundit Bounced From Bankruptcy For Bad Faith appeared first on Above the Law. Their court filings were just as accurate as their articles!
The post Rudy Giuliani Continues To Slosh Around In Bankruptcy appeared first on Above the Law. Is he trying to get a custodial sentence in Chapter 11?
Although the threat of bankruptcy can be used as a litigation tactic, clients often don't go through with it. The post People Love To Threaten Bankruptcy During Litigation appeared first on Above the Law.
The post The Supreme Court Made Bankruptcy Filings More Likely appeared first on Above the Law. Online sports betting is fun -- if you know your limits.
When Texas bankruptcy judge David R. Jones, the ( now former ) federal bankruptcy judge, was involved with Elizabeth Freeman , the (now former) bankruptcy partner at Jackson Walker, and somehow didn’t recuse himself from cases involving Freeman. AtL tipsters are the best, so please connect with her.
The post Alex Jones Hires New Counsel For Screaming Tantrum Phase Of Bankruptcy appeared first on Above the Law. As opposed to the previous two years, where he conducted himself like a normal person.
The post Alex Jones Races Back To Bankruptcy Court As Sandy Hook Defamation Case Goes Disastrously Sideways appeared first on Above the Law. He can't pay the plaintiffs, he owes the money to.
Just a few stories from my fellow bankruptcy lawyers: Story: I encountered a situation where a victim of a romance/cryptocurrency scam was enticed/pressured into borrowing significant amounts of money that ended up going to scammers from Coinbase to a fraudulent platform. Drain Click here for steps to your free bankruptcy consultation.
Operations And Files For Bankruptcy appeared first on Above the Law. The UK-based cosmetics company is also closing half of its locations in Canada. The post The Body Shop Ceases U.S.
Cano Health filed for bankruptcy this week — about three years after going public $4.4 The industry reacted without surprise, with experts calling the bankruptcy a direct result of mismanagement, a quixotic growth strategy and poor market selection. billion SPAC merger.
Labcorp’s $239 million offer was selected as the winning bid for the assets of genetic testing company Invitae, which filed for bankruptcy protection earlier this year. The post Labcorp Makes Another Acquisition, Plucking Invitae Assets From Bankruptcy Auction appeared first on MedCity News.
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