Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said.
Source: Toshiba asks law firm to advise on potential Westinghouse bankruptcy cost: sources
An important issue that arises in Chapter 7 bankruptcy cases is who is the owner of a legal claim, specifically whether a legal claim is property of the estate or belongs to the debtor.
Source: Ownership of Legal Claims in a Chapter 7 Bankruptcy Case
Business owners are generally aware that their decision of whether or not to hire a job candidate cannot be based on discriminatory or other prohibited reasons. For the most part, those reasons are clear and easy to understand.
The topic of net neutrality has continued to be at the forefront of public discourse over recent years. This is the result of the FCC’s repeated attempts to impose regulations designed to
Source: Teenagers And D.C. Circuit Agree: Internet Service Is A Utility – Will Bankruptcy Courts Follow?
Univision Communications Inc. won a court-administered auction for Gawker Media Group on Tuesday, outbidding Ziff Davis for control of the 14-year-old digital media pioneer that was forced into bankruptcy by a costly legal battle with former professional wrestler Hulk Hogan.
Source: Univision Wins Bankruptcy Auction for Gawker Media for $135 Million
50 Cent could be close to getting out of bankruptcy after a judge gave an initial nod to the rapper’s plan to put up to $23.4 million of his future earnings, including profits from the sale of his Connecticut mansion, toward paying off his debts.
Source: 50 Cent Nears Bankruptcy End With $23.4 Million Payout Plan – Bankruptcy Beat – WSJ
Ross, the world’s first artificially intelligent attorney, has its first official law firm. Baker & Hostetler announced that they will be employing Ross for its bankruptcy practice, currently comprised of almost 50 lawyers.
Source: Artificially Intelligent Lawyer “Ross” Has Been Hired By Its First Official Law Firm
Last week, Judge Dennis Montali, presiding over the United States Bankruptcy Court for the Northern District of California, ruled that Bitcoin should be classified as “intangible personal property.”
Source: US Bankruptcy Court’s ruling could help HashFast trustee recover $1.3 million » Brave New Coin
Wells Fargo & Co <WFC.N> will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department said on Thursday.
Source: Wells Fargo to pay $81.6 million to bankrupt U.S. homeowners | Grand Forks Herald
For borrowers seeking relief on their student loans in bankruptcy, there’s no room for any spending seen as excessive.
Source: How the Government Polices What Student Debtors Spend – Bloomberg Business
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