April 9, 2015
by Steven Wildberger
Claudio Giardiello, a defendant in a bankruptcy case, opened fire during trial on Thursday, killing three people, including a lawyer and a judge. Giardiello, an Italian businessman being tried for fraudulent bankruptcy, fired at least 13 shots from a gun he sneaked into the Palace of Justice in ...[read more]
April 1, 2015
by Taylor Gillan
The US Supreme Court heard oral arguments Wednesday in two bankruptcy cases. In Harris v. Viegelahn the court must decide "whether, when a debtor in good faith converts a bankruptcy case to Chapter 7 after confirmation of a Chapter 13 plan, undistributed funds held by the former Chapter 13 trustee ...[read more]
March 25, 2015
by Bradley McAllister
The US Supreme Court heard oral argument on Tuesday in a pair of consolidated cases involving a dispute over federal bankruptcy laws brought by Bank of America (BOA). The cases, Bank of America, NA v. Caulkett and Bank of America, NA v. Toledo-Cardona, stem from the mortgage bubble and collapse ...[read more]
January 14, 2015
by Julie Deisher-Edwards
The US Supreme Court heard oral arguments in two cases Wednesday. In Mellouli v. Holder the court heard arguments on whether the government should be required to prove a connection between a conviction for possession of drug paraphernalia and a controlled substance as defined by congress in order ...[read more]
December 12, 2014
by Jaclyn Belczyk
The US Supreme Court granted certiorari Friday in four cases. In Bullard v. Hyde Park Savings Bank the court will decide whether an order denying confirmation of a bankruptcy plan is appealable. The US Court of Appeals for the First Circuit dismissed the appeal for lack of jurisdiction. In Kimble ...[read more]
November 17, 2014
by Peter Snyder
The US Supreme Court on Monday granted certiorari in two bankruptcy cases on appeal from the US Court of Appeals for the Eleventh Circuit, consolidating them for one hour of oral argument. The two cases, Bank of America, NA v. Caulkett and Bank of America, NA v. Toledo-Cardona, both involve ...[read more]
November 12, 2014
by Taylor Gillan
A judge for the US Bankruptcy Court for the Eastern District of Michigan on Wednesday urged that the newly approved plan to resolve Detroit's bankruptcy be implemented as soon as possible. The plan, which was approved on Friday by US Bankruptcy Judge Steven Rhodes, will cut seven of the city's 18 ...[read more]
November 8, 2014
by Julie Deisher-Edwards
The US Bankruptcy Court for the Eastern District of Michigan approved a plan on Friday to resolve Detroit's seven billion dollars of debt and return the city to solvency. The plan includes settlements regarding post-employment benefits claims, tax obligations, insurance, and "the Grand Bargain" ...[read more]
September 20, 2014
by Dominic Yobbi
The Detroit City Council on Friday approved a deal to lease the city's water and sewage department to a new regional authority as part of the city's continuing effort to exit bankruptcy. After a 7-2 vote, the council approved creation of the Great Lakes Water Authority, which will allow the city ...[read more]
June 12, 2014
by Jaclyn Belczyk
The US Supreme Court ruled unanimously Thursday in Clark v. Rameker that funds held in inherited individual retirement accounts (IRAs) are not "retirement funds" for bankruptcy purposes. Section 522 of the Bankruptcy Code exempts tax-exempt retirement funds from the bankruptcy estate. In October ...[read more]

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