Bankruptcy Law

U.S. Bankruptcy Judge Stacey Jernigan approved Mt. Gox’s filing for protection under Chapter 15 of the bankruptcy law in Dallas on June 17, according to Bidness Etc. The beleaguered bitcoin exchange closed down earlier this year after losing over $300 million worth of the cryptocurrency. [...]

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Bankruptcy Law

The Supreme Court ruled June 12 that inherited individual retirement accounts, also known as inherited IRAs, are not protected from creditors in bankruptcy proceedings, according to Reuters. As baby boomers die and pass on their assets to their children, this ruling is likely to have [...]

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Chapter 9

Two important votes are scheduled in the Detroit bankruptcy case, the results of which will influence how the city will exit the protection of its case under Chapter 9 of the bankruptcy law. The City Council is set to vote on a resolution that would approve the transfer of Detroit’s assets [...]

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