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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

  • Gov: Puerto Rico braces for lawsuits as major default looms

    Fri, 29 Apr 2016 23:00:16 GMT

    SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor said Friday that the U.S. territory is bracing for multiple lawsuits as a major default looms over a $470 million bond payment.

  • Current, former Detroit principals charged in bribery case

    Thu, 28 Apr 2016 17:38:59 GMT

    DETROIT (AP) — The U.S. Attorney's office has charged 12 current and former Detroit Public Schools principals, one district administrator and a long-time vendor with conspiracy to commit bribery in school supply kickback schemes. The following lists their names, schools and kickback amounts, along with details of personal financial problems:

  • House GOP reworking Puerto Rico bill as conservatives balk

    Fri, 15 Apr 2016 19:39:12 GMT

    WASHINGTON (AP) — Faced with opposition from conservatives, House Republicans said Friday they are rewriting legislation to help Puerto Rico out of its $70 billion debt.

  • Ryan: Congress needs to bring order to Puerto Rico crisis

    Thu, 14 Apr 2016 22:36:19 GMT

    WASHINGTON (AP) — House Speaker Paul Ryan said Congress needs to "bring order to the chaos" in Puerto Rico and prevent U.S. taxpayers from having to eventually bail out the territory, which is facing a $70 billion debt.

  • Trooper who police say killed 2 filed for bankruptcy in 2015

    Mon, 21 Mar 2016 16:32:39 GMT

    HARRISBURG, Pa. (AP) — Court records show a retired state trooper who police say fatally shot two Pennsylvania Turnpike workers and robbed an armored car collecting fare money filed for bankruptcy last year and had been accused of domestic assault.