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A large distributor of remote-controlled models and other hobby products filed for Chapter 11 protection Wednesday in Delaware, saying a string of poor business decisions and market shifts led to revenue losses and left the company unable to make pay read more

A Third Circuit panel declined Wednesday to reconsider its decision that a New Jersey bankruptcy court was right to throw out a $30 million judgment against a Wall Street stockbroker accused of fraud for an attorney's failure to disclose a settle read more

The motivation behind a bipartisan effort in Congress to reform bankruptcy laws by forcing companies to file their cases in the state where they conduct most of their business is misguided, according to some experts who say that longstanding forum se read more

Bankrupt sporting goods retailer Golfsmith International Holdings Inc. on Tuesday asked a Delaware bankruptcy judge to extend its Chapter 11 plan deadline, saying the company is nearly ready to wrap up the case without filing a plan. read more

Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape simultaneously reshapes itself, harnessing six emerging roles within their organizational charts to embrace the new approaches, tools and syst read more