Are You a Legal Professional?

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

  • Rural areas seek piece of subprime-loan settlement

    Wed, 22 Oct 2014 02:54:08 GMT

    Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help.

  • RadioShack inks debt restructuring deals

    Fri, 03 Oct 2014 21:49:55 GMT

    FORT WORTH, Texas (AP) — RadioShack says it has inked deals with a group of investors to restructure part of its debt and access funds, moves aimed at giving the struggling consumer electronics retailer more financial breathing room.

  • Control of Detroit returned to mayor, City Council

    Fri, 26 Sep 2014 01:29:03 GMT

    DETROIT (AP) — The Detroit City Council unanimously approved a resolution to take back control of daily city operations while retaining state-appointed emergency manager Kevyn Orr to oversee bankruptcy matters until they are resolved. The action came more than a year after Orr took the city into the largest municipal bankruptcy in U.S. history and in the middle of a trial in which a federal judge will decide whether to approve Orr's plan for the city to emerge from billions of dollars in debt. Here's a look at what Thursday's vote means for various parties involved:

  • Teen crash victims' families drop suit against GM

    Wed, 24 Sep 2014 23:07:19 GMT

    DETROIT (AP) — The families of two Wisconsin teenagers killed in a car crash involving a faulty General Motors ignition switch have dropped their lawsuit against the company and are seeking a settlement with the automaker.