In just a little more than six months, the U.S. national debt has grown by a $1 trillion. Today, Congress will debate on a $1.3 trillion "Omnibus spending bill" to fund the government through the ...

In ninth grade, I remember hearing of debtor’s prison. The idea immediately struck me as insane. How do you pay off your debt if you can’t get to your job? I wasn’t the only one to connect those dots; ...

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 debtor's prison as discrete location may no longer exist as we once knew it, but this is only because our ability to punish debtors has now spread beyond prison walls.

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.

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 ...

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.

Control test allows the U.S. Bankruptcy Court to set aside transfers from a non-debtor entity partially owned by the debtor.

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 ...