Absolutely. The Bankruptcy Code expressly contemplates that incapacitated individuals can be bankruptcy debtors and subsequent Court decisions concur. Under Section 301 of the Bankruptcy Code, a … [Read more...]
2022 Rebound Expected for Consumer Bankruptcy
posted on January 10, 2022
It's counterintuitive for many, but consumer bankruptcy filings in 2021 were at a low level not seen since the 1980s. This is attributable to several factors: 1. Eviction moratoriums, foreclosure … [Read more...]
Ruby Tuesday Attempts CH11 Reorg
posted on October 7, 2020
Ruby Tuesday filed a petition under Chapter 11 on Wednesday in Delaware, saying it needed the protection of bankruptcy to address financial problems caused in part by the COVID-19 outbreak. Based … [Read more...]
Creditors’ Rights, Chapter 11 & Claims “Covered” By Liability Insurance
posted on August 9, 2020
When a company files a Chapter 11 petition, what are your rights as a creditor as it pertains to your ability to collect under a liability insurance policy held by the debtor? Patricia Bronte notes … [Read more...]
Ann Taylor, Lane Bryant File Chapter 11 Reorg
posted on July 27, 2020
Impacted from COVID-19, Ann Taylor and Lane Bryant’s parent company, Ascena Retail Group (ticker: ASNA) filed a Chapter 11 bankruptcy petition in the Eastern District of Virginia in Richmond on … [Read more...]
Where to start when considering Bankruptcy
posted on July 14, 2020
Partner Chris Winslow had the opportunity to speak with Jessica Noll from Virginia this Morning on CBS 6 about bankruptcy and three tips to get your started if you are considering filing a Chapter 7 … [Read more...]
Chapter 11 Bankruptcy Cases Soar
posted on July 6, 2020
According to USA Today, twelve midsize to large corporations – all with more than $10 million in debt – filed for Chapter 11 bankruptcy protection during the third week of June, another consequence of … [Read more...]
Can Filing for Bankruptcy Stop the Lawsuit Against You?
posted on July 1, 2020
If you are in the midst of a lawsuit and experiencing financial hardship, filing for bankruptcy may seem like a quick fix that will prevent judgment against you. In some cases, that may be true, but … [Read more...]
Litigation and Bankruptcy. What is the effect?
posted on June 15, 2020
If you are in the midst of litigation and one parties files for bankruptcy, a common belief is that those proceedings will automatically terminate. Rather, depending on the type of bankruptcy, the … [Read more...]
Intelsat Files Chapter 11 Bankruptcy in Richmond Division
posted on May 22, 2020
Satellite operator Intelsat, which launched the world's first commercial communications satellite Intelsat 1 in 1965, filed for Chapter 11 bankruptcy in Richmond, VA on Wednesday, May 13 in order to … [Read more...]
