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Bankruptcy News

When people fall on hard times, it is sometimes necessary to file for bankruptcy. There are many different kinds of bankruptcy that have different effects on filers. Bankruptcy can help debtors work their way out from under large amounts of debt, but it can also seriously impact their lives and the lives of their families. For this reason, anyone considering filing for bankruptcy should weigh their options and consider whether bankruptcy is right for them. FindLaw’s Bankruptcy News section is the foremost source of legal news and analysis about bankruptcy, with breaking news, attorney articles and information from sources around the web.

Top Headlines

  • Trump U staff included Canadian couple involved in fraud

    Fri, 04 Nov 2016 18:07:35 GMT

    WASHINGTON (AP) — Trump University's history of employing instructors with troubling backgrounds extended outside the U.S. A husband and wife who led seminars for the program in Canada were sanctioned over a multimillion-dollar fraud stemming from their activities before and during the time they taught "Creative Financing" for Trump U, a joint investigation by The Associated Press and The Canadian Press finds.

  • Judge: Puerto Rico to remain shielded from creditor lawsuits

    Thu, 03 Nov 2016 14:43:18 GMT

    SAN JUAN, Puerto Rico (AP) — A federal judge has upheld a U.S. law that bars creditors from filing lawsuits against Puerto Rico until February as the island pushes to restructure nearly $70 billion in public debt.

  • Trump U staff included drug trafficker, child molester

    Fri, 28 Oct 2016 07:26:12 GMT

    WASHINGTON (AP) — Donald Trump says he hand-picked only the best to teach success at Trump University. But dozens of those hired by the company had checkered pasts — including serious financial problems and even convictions for cocaine trafficking or child molestation, an Associated Press investigation has found.

  • Puerto Rico control board wants stay maintained on lawsuits

    Sat, 22 Oct 2016 16:37:15 GMT

    SAN JUAN, Puerto Rico (AP) — A fiscal control board overseeing Puerto Rico's finances has asked a federal judge to maintain a stay on lawsuits while it tries to restructure the island's debt.

  • Puerto Rico power company faces scrutiny after blackout

    Tue, 04 Oct 2016 23:10:55 GMT

    SAN JUAN, Puerto Rico (AP) — The top debt restructuring official for Puerto Rico's troubled power company said Tuesday at a legislative hearing on last month's island-wide blackout that the agency faces serious infrastructure problems despite borrowing millions of dollars in recent years.

  • Janus Capital and Cabela's soar; Merrimack Pharma sinks

    Mon, 03 Oct 2016 20:36:26 GMT

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

  • Liz Weston: Borrowing your way out of debt

    Mon, 03 Oct 2016 15:10:05 GMT

    Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn a bad financial situation around.

  • Gawker.com dies next week, killed by an unhappy subject

    Thu, 18 Aug 2016 23:10:53 GMT

    NEW YORK (AP) — Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after nearly 14 years, brought low by an unhappy, but deep-pocketed, subject.

  • Gawker sold to Univision in aftermath of Hulk Hogan case

    Tue, 16 Aug 2016 23:53:52 GMT

    NEW YORK (AP) — Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan invasion-of-privacy case.

  • Business Highlights

    Mon, 01 Aug 2016 21:17:17 GMT

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  • Do debt management plans work?

    Mon, 01 Aug 2016 15:07:56 GMT

    Nonprofit credit counselors are the good guys in the debt relief industry, which is otherwise full to bursting with lies, scams and sketchy players.

  • Merck posts strong 2Q numbers, while building for long term

    Fri, 29 Jul 2016 20:56:58 GMT

    Drugmaker Merck & Co., focused heavily on its long-term future as it builds sales of crucial new medicines Keytruda for cancer and Zepatier for hepatitis C, still posted a big jump in second-quarter profit thanks to slightly higher sales and more cost cutting.

  • Merck puts up strong 2Q numbers, but choppy water ahead

    Fri, 29 Jul 2016 12:07:42 GMT

    Merck & Co. lowered its financial forecasts for 2016, citing higher restructuring and other costs, despite a big jump in second-quarter profit.

  • iHeartMedia, creditors reach debt restructuring impasse

    Sat, 02 Jul 2016 19:26:20 GMT

    SAN ANTONIO (AP) — One of the world's largest radio and billboard companies says it may have reached an impasse in its efforts to persuade creditors to restructure its massive debt.

  • Senate passes Puerto Rico rescue bill, sends to president

    Wed, 29 Jun 2016 23:23:10 GMT

    WASHINGTON (AP) — The Senate has passed a financial rescue package for debt-stricken Puerto Rico, sending the measure to President Barack Obama.

  • Trump Taj bankruptcy left many contractors angry

    Wed, 29 Jun 2016 07:40:49 GMT

    ATLANTIC CITY, N.J. (AP) — The contractor who provided the onion domes for the Taj Mahal casino had to eat $2 million in losses. The contractor who supplied the Carrara marble from Italy ended up filing for personal bankruptcy. The contractor who put in the bathroom partitions had to lay off his brother.

  • Trump Taj bankruptcy leaves 'little guy' contractors angry

    Wed, 29 Jun 2016 07:37:35 GMT

    ATLANTIC CITY, N.J. (AP) — Weak from heart surgery and a sepsis infection that would soon kill her, Patricia Paone was resting at home last summer when an apparition appeared on the TV — a famous businessman who had struck a deal with her husband years before.

  • 'Little guy' contractors still angry at Trump Taj bankruptcy

    Tue, 28 Jun 2016 21:33:13 GMT

    ATLANTIC CITY, N.J. (AP) — The contractor who provided the onion domes for the Taj Mahal casino had to eat $2 million in losses. The contractor who supplied the Carrara marble from Italy ended up filing for personal bankruptcy. The contractor who put in the bathroom partitions had to lay off his brother.

  • 'Dance Moms' star to 'accept responsibility' for fed charges

    Tue, 21 Jun 2016 13:22:09 GMT

    PITTSBURGH (AP) — "Dance Moms" star Abigale Lee Miller says she plans to "accept responsibility" for federal charges filed in Pittsburgh accusing her of failing to report Australian currency she brought into the country in 2014 and bankruptcy fraud charges.

  • 'Dance Moms' Abby Miller hit with foreign currency charge

    Tue, 21 Jun 2016 12:43:31 GMT

    PITTSBURGH (AP) — "Dance Moms" star Abigale Lee Miller, already facing federal bankruptcy fraud charges in Pittsburgh, has now been charged with failing to report Australian currency she brought into the country in 2014.

  • High court rules against Puerto Rico in debt case

    Mon, 13 Jun 2016 16:10:08 GMT

    WASHINGTON (AP) — The Supreme Court ruled Monday that Puerto Rico can't restructure more than $20 billion in public debt as it tries to overcome a decade-long economic crisis.