NEW YORK CITY — A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.

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A home lender may have violated the automatic stay in a bankruptcy case when it recalculated the debtors' post-petition escrow payments, the Third Circuit has ruled in reversing judgment.

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A plaintiff could not sue for discrimination based on an allegation that he was denied a job because of his prior bankruptcy, the Third Circuit has ruled in affirming a dismissal.

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PORTLAND, Ore. — The Great Atlantic & Pacific Tea Co., once the nation's largest grocer, filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt and rising competition from low-priced peers.

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U.S. Court of Appeals, Second Circuit Bankruptcy ‘Pro Se’ Attorneys — Legal Fees United States v. Hudson 09-3600-bk Appealed from the Northern District of New York Background: The debtor appeals from a district court opinion reversing the decision of the ...

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The Obama administration says a $773 million trust has been established to clean up dozens of former General Motors sites in 14 states left shuttered by the auto giant’s bankruptcy.

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The U.S. Supreme Court started its new term by wading into a murky area of bankruptcy law, trying to determine just how much of a vehicle deduction a Chapter 13 debtor can take for a car he or she owns free and clear.

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U.S. District Court, Western District of New York Bankruptcy Fraudulent Conveyances In Re CNB International Inc. 99-11240 Judge Arcara Background: The appeal concerns the liability of Lloyds TSB Bank plc for funds it received as the result of a constructively ...

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U.S. District Court, Western District of New York Bankruptcy Stay Pending Appeal In Re Legacy Healthcare LLC 09-CV-1102 Judge Arcara Background: Legacy Healthcare LLC moves for a stay pending its appeal to the Second Circuit of this court’s June 22 ...

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U.S. Court of Appeals, Second Circuit Bankruptcy First Amendment Connecticut Bar Association v. United States 08-5901-cv Appealed from the District of Connecticut Background: This decision involves the cross-appeals from an order granting in part and denying in part defendants’ motion ...

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A debtor may commence a bankruptcy case and receive the protection of the automatic stay — even though he has failed to meet the new credit counseling requirements for bankruptcy eligibility, the Second Circuit ruled last week in reversing judgment.

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U.S. Court of Appeals, Second Circuit Bankruptcy Credit Counseling Requirements In Re Shayna H. Zarnel 07-0090-bk Appealed from the Southern District of New York Background: On appeal from a judgment of the District Court, the petitioning United States Trustee argues ...

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