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Bankruptcy & Debt Relief

Farmer Bankruptcy

By | Bankruptcy & Debt Relief

Before President Trump started a trade war, many in the agriculture industry warned that getting tough on China could have disastrous consequences for American farmers. One measure of how our farmers are faring in the wake of steep tariffs is the number of farmer bankruptcies. Compared to 2008, twice as…

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Talc Bankruptcy

Talc Bankruptcy

By | Bankruptcy & Debt Relief

One of the suppliers of talc used by Johnson & Johnson is now applying for bankruptcy protection. This decision comes as a result of the multibillion-dollar lawsuits that allege Johnson and Johnson’s talc causes asbestos-related mesothelioma and ovarian cancer. The company declaring bankruptcy is Imerys Talc America. It says it…

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Toys R Us Comeback?

Toys R Us Comeback?

By | Bankruptcy & Debt Relief

Toys R Us’s lenders took over the store’s intellectual property when it liquidated last year. Such property includes the Babies R Us, Geoffrey, and Toys R Us brands. Some former Toys R Us executives are operating a company called Tru Kids, through which they intend to support those brands. Tru…

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Medical Bankruptcy Continues

Medical Bankruptcy Continues

By | Bankruptcy & Debt Relief

Despite passage of the Affordable Care Act (ACA), medical bills continue to be a leading contributor to financial ruin for many Americans. Earlier this month, the American Journal of Public Health published a study indicating that 530,000 families declare bankruptcy each year as a result of illness or medical bills….

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Sears’ Costly Bankruptcy

Sears’ Costly Bankruptcy

By | Bankruptcy & Debt Relief

One paralegal involved in the Sears bankruptcy is receiving attention for services rendered above and beyond the call of duty.  Keri Grant, who works for Weil, Gotshal & Manges, the law firm representing Sears in the company’s bankruptcy, billed $174,000 in the month of November alone.  That amounts to 431…

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Small Business Bankruptcy

Small Business Bankruptcy

By | Bankruptcy & Debt Relief

80 to 90 percent of business bankruptcy filings come from small businesses.  Under new bipartisan legislation set for consideration in 2019, small businesses with less than $2.5 million in debt would be able to file bankruptcy more cheaply and quickly. The proposed bill would add a subchapter to the Bankruptcy…

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