When individual debtor Larry Addington filed for bankruptcy, he owned a 36% membership interest in a limited liability company called Ultra Energy Resources, LLC (Ultra). In turn, Ultra owned a 100% ...

Complaints about debt collectors have soared, according to new federal data. The Federal Trade Commission received 194,225 ...

Debt collection is a legitimate business — when done legally. But too often, debt collectors choose to push the boundaries, especially when they assume the person on the other end of the line isn't ...

In a recent decision in In re Taing, the U.S. Bankruptcy Court for the District of Massachusetts held that a mortgagee holds a claim that could be modified by a Chapter 11 plan even if the debtor was ...

Vendors, landlords, and other creditors often feel a sense of security when doing business with Chapter 11 debtors. The Bankruptcy Code, and even court orders entered at the outset of a bankruptcy ...

You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.

The Social Security Administration (SSA) utilizes the Treasury Offset Program (TOP) to collect delinquent debts. TOP, managed by the Department of the Treasury, allows the government to offset federal ...

In a recent decision in In re Harvest Sherwood Food, the U.S. Bankruptcy Court for the Northern District of Texas addressed all of these issues, and held a litigation funder that advanced $35 million ...

The power of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to avoid pre-bankruptcy preferential transfers is an important tool designed to promote the bankruptcy policy of equality ...