Bankruptcy

Supreme Court Eases Path for Debtors Who Omit Bankruptcy Claims

The US Supreme Court shifted federal courts away from near-automatic dismissals of debtors’ legal claims based on bankruptcy nondisclosures and signaled skepticism of the court-created judicial estoppel doctrine.

Bondholders Rocked by $4 Billion Tax Threat in Optimum Feud

Patrick Drahi was running out of options to save his debt-ridden telecom empire.

Bankrupt Camp Operator Races to Stay Open Ahead of Summer Start

The bankrupt owner of dozens of summer camps, including one in New York’s Catskill mountains charging $16,500, is working with its lenders to tap cash in its accounts to pay counselors and cover the cost of supplies days before campers arrive.

Sleep Number Files Bankruptcy to Sell Itself, Blames Tariffs

Mattress maker Sleep Number Corp. filed bankruptcy with an agreement to sell the firm to one-time retail partner Sleep Country Canada Inc. after years of weak demand, mounting financial pressure and unpredictable tariffs.

Judge Finds ‘Legal Boss’ Who Solicited Tricolor Clients in Contempt

The judge overseeing the bankruptcy of auto dealer Tricolor Holdings found a man with a history of fraud in contempt for the unauthorized practice of law, comparing his tactics in soliciting immigrant victims to characters in the TV series “Better Call Saul” and “Seinfield.”

Practitioner Insights

View More Insights

Summer Associates: Good Habits, Soft Skills Outweigh Big Swings

Robert Baldwin

Hogan Lovells

Smart Lawyers Don’t Make a Career Move on Law Firm Name Alone

Khara Kelsch

Apex Coaching

AI’s Promise for Clients Isn’t Lower Bills, It’s Better Outcomes

Justin Daniels

Baker Donelson

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge

How Four Judges Kept Romance Allegations Quiet for Two Years

Bankruptcy Judge Tasked With Scandal Cleanup of ‘Adopted Son’

Bankruptcy Rules for Disclosing Relationships: Explained

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.