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 In the United States, bankruptcy is governed by federal law, commonly referred to as the “Bankruptcy Code” (“Code”). The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact “uniform Laws on the subject of Bankruptcies throughout the United States”. Congress has exercised this authority several times since 1801, including through adoption of the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).

Each year Premier Bankruptcy Lawyers (PBL) researches and recommends leading bankruptcy lawyers across the United States.  PBL lists only one attorney and firm in each city and inclusion to the guide is by invitation only.

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Bankruptcies: They’re Increasing

Bankruptcy filings were up 17% in the first half of 2023 of 2022 numbers and the surge continues. Chapter 11 commercial filings totaled 2,973 during the first half of 2023, which was a 68% increase compared to the first half of 2022. Small business filings, which are identified as Subchapter V elections of Chapter 11, totaled 814 in the first [...]

Valuation Of A Debtor’s Estate In Bankruptcy

Valuation of a Debtor’s estate is likely one of the most important analyses a Debtor will undergo. Ascribing value to the estate helps determine the possible payout available to satisfy creditors’ claims. The need for valuation arises in multiple stages of the bankruptcy case, which a Debtor’s financial advisors and professionals are tasked with completing. Because the Bankruptcy Code does [...]

Bankruptcy allows individuals, couples, and businesses that cannot meet their financial obligations to be excused from repaying some or all of their debt.  If you have questions regarding bankruptcy law contact one of our recommended attorneys today.