Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

Mid-market restructuring practices are firing on all cylinders this year after a long-predicted insolvency wave. Demand has cut across sectors and regions, practitioners said, although hot spots ...

A CPA FIRM WITH A CLIENT filing for bankruptcy has a responsibility to serve the client as well as an opportunity to compete for some of the work on the case—and through it develop a specialty. The ...

There is disagreement about whether large and complex financial institutions should be allowed to use U.S. bankruptcy law to reorganize when they get into financial difficulty. Somewhat ironically, ...

Bankruptcy offers a way for struggling borrowers to shed some or all of their debts and start fresh. But before debtors can get to that point, they must clear several hurdles—starting with the ...

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally ...

Bankruptcy lawyers get a bad rap, rather akin to how people respond when someone says they work for the IRS. In reality, most commercial bankruptcy work focuses on trying to put a business back on the ...

Nonprofits across the country were left in the lurch, unable to access the donor cash that funds their work in education, ...

Editor’s Note: This column is an installment in Caroline Colvin’s Office Space series, where they examine the future of work through the lens of “office space” — and whether pursuing a physical ...

When Knotel filed for bankruptcy protection in January, investment bankers at Moelis & Co. swung into action to rescue the stricken office-sharing outfit. Four months later the executives won a ...

Philadelphia-based firms are staking their claims to work related to the University of the Arts' abrupt demise. Several firms in the area have non-priority unsecured claims for work with the ...