Indiana’s New Parenting Time Guidelines
The most recent update to Indiana’s law involves determining how parenting time is decided by the courts, protecting parent-child interactions, and ensuring that the children have access to both parents when appropriate. While the law will not change existing parenting schedules and cannot be used as a good reason to revisit a parenting schedule, parenting...
Bed, Bath, and Beyond Narrowly Avoids Bankruptcy
Major retailers have been in financial turmoil after COVID, but at least one of them will live to see another day. Bed, Bath, & Beyond has $1 billion in funding to ensure that its employees will continue to have jobs. However, the overall market for mall retailers remains questionable after COVID. The company has secured...
Filing Bankruptcy to Stop a Lawsuit
As a bankruptcy attorney, a lot of folks come to our office after a creditor has filed a lawsuit against them. In some cases, they have personal injury judgments that they cannot afford to pay and that insurance won’t cover. In those cases, once the plaintiff wins their lawsuit, they can file a second suit...
Tech and Media Companies Among FTX Creditors in Bankruptcy
The economy is interdependent. When one major bankruptcy happens, it affects sectors across the country. For FTX, a major crypto investing firm, many of their major investors were West Coast companies in the tech industry or those with ties to entertainment like Netflix. These companies are now listed as creditors in the FTX bankruptcy, and...
Judge Blocks Texas Two-Step for Johnson & Johnson Bankruptcy
Sometimes, corporations are considered people. Other times, they seem not to be. Ultimately, the consideration of personhood seems to benefit the corporation far more often than it harms it. However, Johnson & Johnson will be forced to shoulder their bankruptcy the same way an individual American would have to after a bankruptcy court blocked its...
Staff Unpaid as Prison Health Services Contractor Declares Bankruptcy
What happens if your employer declares bankruptcy? A determination would be made as to whether or not you were “necessary” to the business operations. If you are not, you would likely be laid off. If the employer files for Chapter 7, then the company would be dissolved. In both cases, it creates a problem for...
Financial Crunch Sends Retailers Into Bankruptcy
One thing about the U.S. economy is that it is interdependent. We all tend to feel a financial pinch at the same time. When things are going well, consumers feel the freedom to spend their disposable income recreationally or buy entertainment products. Today, consumers have less disposable income than at any time in recent memory,...
New CEO Testifies Against Old CEO during FTX/Cryptocurrency Inquiry
The former CEO of the cryptocurrency exchange FTX was blamed for allowing Bahamian investors to withdraw $100 million in assets even as everyone else’s accounts were locked. Investors woke up to find their accounts locked amid concerns of a run on the exchange. The exchange filed for bankruptcy protection, and the accounts have been locked ever since....
Boy Scouts, Catholic Dioceses File for Bankruptcy Amid Sexual Assault Suits
Institutions accused of abuse in personal injury lawsuits are finding a safe haven in bankruptcy courts. While bankruptcy and personal injury lawsuits often go hand-in-hand, it is frustrating for plaintiffs to negotiate a settlement through a bankruptcy trustee that often must make accommodations to the financial status of a debtor accused of terrible crimes. Before...
Bartenwerefer v. Buckley: Is a Fraud Debt Incurred by Your Spouse Dischargeable?
Bankruptcy may not be the most exciting branch of the law, but it has the virtue of being complicated by rules that sometimes appear to contradict one another. When two laws appear to contradict one another, it is known as an antinomy. Now, the SCOTUS will hear a bankruptcy case related to the discharge of a debt...