Bankruptcy Filings…

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This information is from a blog, typical of how information in The Great Financial Crisis is being covered by new media. Credit Slips, where this information comes from (below) is a blog produced by seven academics who "will use this space to do what we like to do when we get together–discussing and debating what does happen and what should happen when consumers and businesses borrow money."
Chapter 11s Rise 62% in 2008
…individuals filed 19.5% of all the chapter 11 cases in 2008. Many of these chapter 11s represent the lost dream of a small business owner and the jobs that went with that dream.

Bankruptcy filings in 2008 rose 32% as compared to 2007 according to data from Automated Access to Court Electronic Records (AACER). There were just under 1.1 million total bankruptcy filings in 2008 as compared to 827,000 in 2007. Those figures count all bankruptcy filings. The increase is attributable not only to the worsening economic conditions, especially the unavailability of further credit, but also to the generally increasing trend of bankruptcy filings from their nadir just after passage of the 2005 bankruptcy law.

Supreme Court Term A Roller Coaster For Bankruptcy Attys
Law360, New York (June 16, 2015, 7:29 PM ET) — The U.S. Supreme Court's 2014 term was a doozy for bankruptcy law as justices decided several cases that have major ramifications on the administration of restructurings and liquidations. From limiting …
Read more on Law360 (subscription)

Rezko creditors come up short in bankruptcy case
Yet the biggest source of cash for Rezko's creditors was $ 925,000 from a settlement from Chicago law firm Freeborn & Peters. Bankruptcy trustee Gregg Szilagyi sued Freeborn & Peters in 2010 to recover money Rezko arranged to have transferred to the law …
Read more on Crain’s Chicago Business

RadioShack Bankruptcy Case Highlights Value of Consumer Data
… would violate applicable nonbankruptcy law.” During the bankruptcy proceeding, the sale of personal information was a contentious issue with the Federal Trade Commission Consumer Protection Director Jessica Rich, multiple states' Attorneys General, …
Read more on Information Law Group

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