The Justice Department has updated a key application form under a new process that may make it much easier for many borrowers to discharge their federal student loans in bankruptcy. Here’s the latest.

When a debtor LLC receives a discharge order from a bankruptcy court, a creditor is prevented from enforcing any preexisting debts against the discharged LLC as a personal liability. This is known as ...

Typically, your business's obligation to pay its debts is lifted once you receive your bankruptcy discharge. However, you may realize that you forgot to include a creditor in your bankruptcy once you ...

In a typical consumer bankruptcy, a debtor seeks the benefit of two concepts. First, the debtor seeks the breathing room afforded that debtor by the automatic stay. Second, the debtor seeks to ...

Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited. By Tara Siegel Bernard ...