Discover what makes a debtor nation. Learn how they function, their global financial role, and why the U.S. is a leading debtor nation. Ideal for understanding global economics.

The term “small business debtor” originated in 1994 with Congress’s first attempt at a streamlined chapter 11 process for businesses that had insufficient assets to fund a typical bankruptcy ...

The Ninth Circuit Bankruptcy Appellate Panel holds that a discharge injunction does not bar an alter ego claim against a non-debtor where, under applicable law, the result of an alter ego finding is ...

A receiver is an officer of the court, an agent of the debtor's estate, and an agent of the debtor itself. One of the tools used by creditors to defeat sophisticated asset protection plans is the ...

A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects debtors from ...

August 22, 2025 - In M Design Vill. v. Versant Funding LLC (In re M Design Vill.), Adv. No. 24-01639, 2025 WL 2088887 (Bankr. D.N.J. July 24, 2025), the United States Bankruptcy Court for the District ...

A beer wholesaler in Washington state, Crown LLC was owned 51% by a company called Crown Distributing Company of Everett, Inc. ("Crown of Everett") that itself was owned by Debtor. The other 49% was ...

Bankruptcy Code Section 329(a) mandates the disclosure of an attorney’s transactions with a debtor. Federal Rule of Bankruptcy Procedure 2016(b) implements the attorney disclosure requirements ...

March 15, 2022 - Parties to contracts with a company that files for Chapter 11 bankruptcy are often urged to continue doing business with the debtor after its case is filed to avoid disruption of ...

Robin Ebersohl closes her eyes as she recalls the experience of being arrested in Macoupin County and jailed for four days over an outstanding debt owed for medical bills she could not pay. (AP Photo ...