kdavis's blog

The Grand Prix of Boston has filed for Chapter 7 bankruptcy.  The Grand Prix was scheduled to debut as an IndyCar Series race on September 4, 2016 and was to run each year through 2020.  The race would run along the South Boston Seaport, and the city of Bosto

As we have noted on the blog before, student loan debt is a huge problem among consumers.  Most of the time, student loan debts cannot be discharged in bankruptcy.  However, if you can prove an undue hardship, the student loan debt can be discharged.  Note that it is rare for a court to find that a debtor meets this

I previously discussed Puerto Rico’s current debt crisis and the possible solutions to it.  As an update, last week the United States House of Representatives passed H.R.

Earlier this month, clothing retailer Aeropostale filed for Chapter 11 bankruptcy.  Aeropostale has also announced that it will be closing 113 stores in the United States, as well as all of its 41 stores in Canada.  The retailer wants to use its bankruptcy to restructure its b

A discharge is one of the most important functions of bankruptcy.  It is what releases a debtor from personal responsibility for his debts and helps provide a debtor with a “fresh start.”  The Bankruptcy Code allows a debtor’s discharge to be denied in certain circumstances, and the Supreme Court will soon decide an issue concerning one of these circumstances.

Many big name retailers have filed Chapter 11 bankruptcies over the last several months.  Among them are names like City Sports, Sports Authority, Quicksilver, and most recently Pacific Sunwear, also known as PacSun.   The news of these filings leaves many people scratching th

Almost all bankruptcies that are filed are voluntary bankruptcies.  That is, the debtor decides to file for bankruptcy on behalf of him or herself.  In addition to a voluntary bankruptcy, the law also allows for creditors to file an involuntary bankruptcy.  An involuntary bankruptcy is one filed by someone other than the debtor.

I have previously discussed the basics of a Chapter 9 bankruptcy as well as two Chapter 9 bankruptcies that occurred in Alabama.  In this post, I’ll examine a curr

After sitting down with your bankruptcy attorney and discussing the pros and cons of filing either a Chapter 7 or Chapter 13, you have decided that it is in your best interest to file a Chapter 7 bankruptcy.  You have given your attorneys all the information they need, and you have reviewed and signed your bankruptcy petition.  What should you expect after that petition is

My last blog post gave a brief overview of a Chapter 9 bankruptcy.  In this post, I will discuss a couple of “local” Chapter 9 filings and some noteworthy issues that arose in those cases.