32
Siegel v Fitzgerald and Its Potential Implications
06/13/2022 09:00 AM Posted by: AIS
The United States Supreme Court recently decided the case of Siegal v. Fitzgerald-- and for only the second time in history-- struck down a bankruptcy law on the seemingly technical ground that a fee imposed on chapter 11 debtors violated the constitutional requirement that bankruptcy laws be uniform. Although the issue may seem somewhat esoteric, its implications may be far-reaching, especially for creditors in Alabama and North Carolina.

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33
Chapter 11 Filings Increase 26% in May
06/09/2022 03:13 PM Posted by: AIS
Bankruptcy filings totaled 31,292 in May, down 3.79% from April. May filings marked a 10.05% decrease year over year when compared to the 34,789 seen in May 2021. Chapter 11 filings were up 26.01% from April and 21.50% from the same month last year. Furthermore, Chapter 11, Subchapter V filings totaled 122, revealing a 22% increase from April 2022 and a 6.09% increase from May 2021.

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