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...
by Jill Sullivan | Feb 5, 2025 | Bankruptcy
When a borrower files for bankruptcy, creditors often face significant challenges in recovering outstanding debts. However, if the debt is guaranteed by a third party, known as a guarantor, creditors may still have a viable path to repayment. Guarantors play a...
by Jill Sullivan | Jan 28, 2025 | Bankruptcy
In the intricate world of bankruptcy proceedings, creditors often find themselves navigating a complex maze of legal processes to protect their financial interests. One particularly challenging aspect is the introduction of post-petition financing. While post-petition...
by Jill Sullivan | Jan 25, 2025 | Bankruptcy
In the ever-changing landscape of bankruptcy law and creditor rights, economic factors play a pivotal role in shaping outcomes. Among these, interest rates hold significant sway. Fluctuating interest rates can dramatically affect creditor recoveries, repayment...
by Jill Sullivan | Jan 22, 2025 | Bankruptcy
When debtors file for Chapter 13 bankruptcy, it initiates a structured repayment plan designed to pay creditors over three to five years. While the process is debtor-driven, creditors have significant rights and responsibilities in ensuring their claims are accurately...
by jillsdigital | Jan 16, 2025 | Bankruptcy
In today’s mobile society, it’s increasingly common for debtors to have assets or obligations spread across multiple states. Cross-state bankruptcies present a unique set of challenges for U.S. creditors, requiring them to navigate differences in state laws,...
by Jill Sullivan | Jan 13, 2025 | Bankruptcy
When a debtor files for bankruptcy, creditors often face uncertainty about whether they will recover their debts. Reaffirmation agreements provide a critical mechanism for creditors to retain their rights to repayment, particularly in Chapter 7 bankruptcy cases. This...
