In a recent published decision, the U.S. Court of Appeals for the Ninth Circuit addressed a previously unresolved question in that circuit: whether a debtor's failure to properly schedule a debt ...

Debtor's Prism Since ancient times, the notion of debt has been deeply interwoven into our culture, literature and social structure. With the global markets in turmoil, Margaret Atwood looks at ...

The U.S. District Court for the Eastern District of California has entered a charging order which also assigns the non-party LLC's assets to the creditor, quite improperly.

Ray Dalio, Bridgewater founder, says the U.S. economy is heading for a "debt death spiral" unless the Trump Administration takes urgent action to cut the deficit. He also called for a "fiscal ...

Debtor’s Prisons were abolished in the US in 1833, and thankfully so. Before the abolishment, being arrested for outstanding debt was a catch-22 situation.

A debtor's decision regarding the assumption or rejection of executory contracts and unexpired leases is entitled to deference under the business judgment rule. When a debtor sells substantially ...

New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97. The $36 trillion debt milestone comes just months after the U.S ...

Foreigners' net claim on U.S. debt is currently approaching $11 trillion. Granted, most of that is in Treasuries, the safest, most liquid and most sought-after asset in the world.

Moody’s Ratings Service on Friday said it is downgrading the U.S.’s creditworthiness in response to an increase in government debt over the past decade and rising interest payments, in a blow ...