The prevailing economic realities, in particular the rising price of crude oil on the international market, and the cost of gasoline subsidies, which threaten the 36 states, could aggravate the financial crisis that the states are facing before the elections of 2023. State governors have already expressed concern and areRead More →

Plan approval hearing scheduled for April Government questions handling of complaints of potential abuse (Reuters) – A lawyer with the U.S. Justice Department’s bankruptcy watchdog signaled on Friday that the government would oppose a Florida-based retirement home operator’s approach to deal with potential claims of abuse and negligence in itsRead More →

CHICAGO–(BUSINESS WIRE)–Times may be uncertain, but that doesn’t stop savvy investors from taking advantage of the many opportunities that currently abound. Case in point: A bankruptcy auction will be held on March 29 for property in Arlington, Illinois — just a 10-minute drive from the proposed new Chicago Bears stadiumRead More →

S&P Global Market Intelligence offers our top picks of global private equity news and more released throughout the week. Private equity and venture capital investments in Russia are feeling the impact of restrictions imposed on the country’s banking system after its military invasion of Ukraine from February 24. New York-basedRead More →

Section 523(a)(8) of the Bankruptcy Code excludes certain student loans from bankruptcy discharge, “unless the exclusion of such debt from discharge under this paragraph would impose undue hardship “. By its terms, section 523(a)(8) leaves open to statutory interpretation whether a debtor can obtain relief under the law if heRead More →