Matador Legal

A federal appellate court in San Francisco has ruled that the managers of a company under bankruptcy, chapter 11 or 7 are still liable for employee’s unpaid wages under the federal law. The 9th US circuit court of appeals has made this ruling, overturning a lower court ruling on the issue in the case of [...]

During the first months in north Georgia chapter 7 bankruptcies have risen from 9,584 last year to 15,363 this year, a rise of 60%. Total bankruptcies have risen from 18,124 to 24,328, according to US bankruptcy court for the northern district of Georgia
The challenge in the coming months would be for the retailers to continue [...]

Bankruptcies have risen by a staggering 62% for the half year period this year compared to the same in 2008. 6,817 bankruptcy petitions have been filed in this period compared to 4,216 last year. 4,403 of these were chapter 7,while 2,378 were chapter 13’s, 34 were chapter 11 and 2 were chapter 12, a rare [...]

As the bankruptcy filings have been rising all across US, the courts have to deal with more petitions and also more time consuming petitions. This is creating an additional stress in the bankruptcy courts.
With more debtors unable to afford attorney fees, the pro se petition preparers business is booming. Pro se bankruptcies are those petitions [...]