Bankruptcy News
Judge Humrickhouse Appointed Chief Judge
On July 28, 2014, Bankruptcy Court Judge Stephani W. Humrickhouse was appointed Chief Judge of the United States Bankruptcy Court for the Eastern District of North Carolina for a term of office not to exceed seven years. A New York...
Bank Card Delinquencies Near a Twenty Year Low
The American Bankers Association has reported that credit card delinquencies have fallen to 2.44 percent, well below the fifteen year average of 3.82 percent. This is good news for two reasons. First, it means that the economy is improving. After...
April 2014 Bankruptcy Statistics
April 2014 bankruptcy filings totaled 87,954 in the United States. According to the American Bankruptcy Institute, this is a 13% decrease from the 100,770 bankruptcy filings in April 2013. In comparison to last month, April 2014 filings decreased approximately 4%...
The Strange Tale of Terry Anderson, Ex-hostage and Bankruptcy Debtor
The story of journalist, professor, and ex-hostage Terry Anderson answers several questions you probably didn’t known you needed to have answered. For example: Let’s say you are a reporter for the Associated Press and are held hostage by Islamic Militants...
March 2014 Bankruptcy Statistics
March 2014 bankruptcy filings totaled 91,234 in the United States. According to the American Bankruptcy Institute, this is an 11% decrease from the 102,696 bankruptcy filings in March 2013. In comparison to last month, March 2014 filings increased approximately 26%...
Former NC State Football Star Koren Robinson Has 2nd Bankruptcy Case Dismissed
Koren Robinson was a wide receiver for NC State and played in the NFL for many years. He filed a chapter 13 on January 31, 2014 in the Raleigh Division of the Eastern District of North Carolina but it was...
Bankruptcy Court Filing Fee Increases Effective June 1, 2014
Effective June 1, 2014, the court filing fees will increase as follows: The Chapter 7 court filing fee will be raised from $306.00 to $335.00 The Chapter 13 court filing fee will be raised from $281.00 to $310.00 The Chapter 11...
Chapter 13 Bankruptcy Cases: The Applicable Commitment Period is a Temporal Requirement
In a case just decided March 28, 2014, the Court of Appeals for the Fourth Circuit issued its opinion in Pliler v. Stearns (In re Pliler), No. 13-1445, 2014 WL 1259569 (4th Cir. Mar. 28, 2014), holding that the Applicable...
February 2014 Bankruptcy Statistics
February 2014 bankruptcy filings totaled 72,193 in the United States. According to the American Bankruptcy Institute, this is a 12% decrease from the 82,336 bankruptcy filings in February 2013. In comparison to last month, February 2014 filings increased approximately 6%...
Sbarro LLC Files for Bankruptcy
The struggling pizza chain, Sbarro LLC, has filed for Chapter 11 reorganization for the second time in three years. Sbarro previously filed for bankruptcy protection in April 2011, emerging from bankruptcy in November 2011 saying that it had severely cut...
