Nine Hospital Bankruptcies in 2016

Becker’s Hospital Review has pointed out that there have been nine hospitals across the country that have filed for bankruptcy so far this year. You can read their article if you click here. The following is a list of the 9 bankruptcies with links if you would like more information: Pushmataha Hospital in Antlers, Oklahoma filed for bankruptcy… Continue reading Nine Hospital Bankruptcies in 2016

Delaware Judge Says Trustee Not Obligated to Obtain Best Price at Auction

Rochelle’s Daily Wire posted an interesting article the other day about a Chapter 7 Bankruptcy matter out of the Virgin Islands. Here is a snippet: “Bankruptcy Judge Mary F. Walrath penned an opinion that reads like a treatise laying out the limited circumstances when a trustee can become personally liable for selling property at a… Continue reading Delaware Judge Says Trustee Not Obligated to Obtain Best Price at Auction

ITT Educational Services Files for Bankruptcy

On Friday, September 16th, ITT Educational Services filed for Chapter 7 bankruptcy protection. The decision led to ITT closing more than 130 of their colleges this month, affecting approximately 35,000 students and 8,000 employees. ITT’s move to file bankruptcy comes after the Department of Education barred them from enrolling new students who receive federal aid,… Continue reading ITT Educational Services Files for Bankruptcy

Recent Case on Discharge

Individuals in Chapter 7 can discharge old debts, with exceptions. One exception to the discharge is listed under section 523(a)(2)(A). Specifically, credit obtained by a false representation is nondischargeable in bankruptcy. However, an exception (to the exception) actually allows for the discharge of the debt if the misrepresentation is considered a “statement” respecting the debtor’s… Continue reading Recent Case on Discharge

Chapter 7 Debtor has 240 Pairs of Shoes

FORT LAUDERDALE, Fla. — Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida. Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug… Continue reading Chapter 7 Debtor has 240 Pairs of Shoes