In Richburg, the bankruptcy court held that the automatic stay does not protect LLC property from creditors holding judgments ...

This massive High Court insolvency ruling highlights how a debtor’s written admissions can come back to bite them.

The term “small business debtor” originated in 1994 with Congress’s first attempt at a streamlined chapter 11 process for businesses that had insufficient assets to fund a typical bankruptcy ...

Courts disagree over whether a foreign bankruptcy case can be recognized under chapter 15 of the Bankruptcy Code if the foreign debtor does not reside or have assets or a place of business in the ...

Tenancy by the entireties (known as TBE) is a form of property where husband and wife own property jointly, but on the death of one the entire interest automatically passes to the other (called the ...

A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects debtors from ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

If a court grants you, as a creditor, a judgment in a contested debt case, then the debtor is legally obligated to repay the debt under court order. If debtors do not make good on their obligation, a ...

Without memory, there is no debt. Put another way: Without story, there is no debt. The story of debt reached a historic moment this week. An outsized bubble of interlocking debt burst, leading to the ...

The Court of Appeal has allowed a Dutch firm to pursue a debtor in Kenya, overturning an earlier decision by a lower court which blocked it from doing so, because it wasn’t locally registered under ...