October 2021

Hertz, one of the first victims of the pandemic, officially emerged from bankruptcy on Wednesday. Its return coincides with and was made possible in part by a scorching market for rental cars. It's a remarkable turnaround for a company…

The federal bankruptcy system is morally bankrupt. The system has been abused by corporations and the wealthy to the point that it no longer serves the purpose for which it was designed: to provide limited shelter from creditors so that…

(Reuters) - A federal court panel is proposing to require trustees in bankruptcy to take additional steps to locate creditors before releasing funds to court, with the amount of funds unclaimed in court reaching $404.4 million dollars.A…

Johnson & Johnson announced on Thursday that a subsidiary it recently created to handle claims that its talc products cause cancer has filed for bankruptcy.The company said in a statement that it hopes its filing for Chapter 11…

A sign is seen outside the U.S. Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermidJoin now for FREE unlimited access to Reuters.comRegisterPanel Joins 2nd…

Tom Dundon, the billionaire owner of the Carolina Hurricanes, argued in court this week that he, not hundreds of minor league football players, should be eligible to receive millions of dollars owed under a…