by Jill Sullivan | Mar 10, 2025 | Bankruptcy
The financial landscape of bankruptcy law is set for a significant shift in April 2025, with an increase in bankruptcy dollar thresholds that will impact creditors, debtors, and legal professionals alike. These changes, which occur every three years to reflect...
by Jill Sullivan | Mar 6, 2025 | Bankruptcy
The ‘Texas Two-Step’ bankruptcy has become a controversial strategy for corporations facing mass tort liabilities, allowing them to separate assets from liabilities and funnel legal claims into bankruptcy court. This tactic, famously used by Johnson &...
by Jill Sullivan | Feb 27, 2025 | Legislation
California has long been at the forefront of consumer protection laws, and recent legislative changes have further strengthened the rights of consumers in the financial marketplace. For creditors, these enhanced protections create new challenges in debt collection,...
by Jill Sullivan | Feb 14, 2025 | Legislation
In January 2025, California enacted Senate Bill 1061 (SB 1061), a pioneering law that prohibits health providers and debt collectors from reporting medical debt to consumer credit reporting agencies. This legislation aims to protect consumers from the adverse effects...
by Jill Sullivan | Feb 10, 2025 | Bankruptcy
When a debtor files for bankruptcy, one of their primary goals is to receive a discharge of their debts, effectively eliminating their legal obligation to pay certain liabilities. However, bankruptcy law does not grant debtors an automatic fresh start without...
