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Commercial & Bankruptcy Law News


45 Posts found
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Posted on: Dec 30, 2019

As a matter of constitutional law, the Seventh Circuit reduced punitive damages from $3 million to $582,000 when the jury had awarded the debtor $582,000 in compensatory damages as a consequence of the mortgage servicer’s “reprehensible conduct” and its “obstinate refusal” to correct its mistakes. 

Posted on: Dec 30, 2019

As a matter of constitutional law, the Seventh Circuit reduced punitive damages from $3 million to $582,000 when the jury had awarded the debtor $582,000 in compensatory damages as a consequence of the mortgage servicer’s “reprehensible conduct” and its “obstinate refusal” to correct its mistakes. 

Posted on: Nov 14, 2019

Bankruptcy filings increased by 0.4 percent for the 12-month period ending Sept. 30, 2019, compared with cases for the year ending Sept. 30, 2018, according to statistics released by the Administrative Office of the U.S. Courts. Annual bankruptcy filings totaled 776,674, compared with 773,375 cases in the previous year ending in September.

Posted on: Nov 14, 2019

Bankruptcy filings increased by 0.4 percent for the 12-month period ending Sept. 30, 2019, compared with cases for the year ending Sept. 30, 2018, according to statistics released by the Administrative Office of the U.S. Courts. Annual bankruptcy filings totaled 776,674, compared with 773,375 cases in the previous year ending in September.

Posted on: Nov 5, 2019

A bank has failed to prove that one of its customers is thousands of dollars behind on her credit card payments, the Indiana Court of Appeals ruled recently.

Posted on: Nov 5, 2019

A bank has failed to prove that one of its customers is thousands of dollars behind on her credit card payments, the Indiana Court of Appeals ruled recently.

Posted on: Nov 5, 2019

The Indiana Court of Appeals reversed judgment awarded to a bank against a former homeowner who filed for bankruptcy, finding that because the man had been discharged of any liability on the mortgage, the judgment was in error.

Posted on: Nov 5, 2019

The Indiana Court of Appeals reversed judgment awarded to a bank against a former homeowner who filed for bankruptcy, finding that because the man had been discharged of any liability on the mortgage, the judgment was in error.

Posted on: Nov 4, 2019

On August 23, President Donald Trump signed the Honoring American Veterans in Extreme Need Act of 2019 into law. Prior to the HAVEN Act, disability benefits paid by the Department of Veterans Affairs and the Department of Defense were included in the calculation of a debtor’s disposable income, which increased the portion of the debtor’s income that was subject to the reach of creditors.

Posted on: Nov 4, 2019

On August 23, President Donald Trump signed the Honoring American Veterans in Extreme Need Act of 2019 into law. Prior to the HAVEN Act, disability benefits paid by the Department of Veterans Affairs and the Department of Defense were included in the calculation of a debtor’s disposable income, which increased the portion of the debtor’s income that was subject to the reach of creditors.


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