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A U.S. Bankruptcy Court, construing Wisconsin’s property exemptions law, Wisconsin Statute § 102.27, held that the sum of $400,000, which had been paid by the workers’ compensation carrier of the bankruptcy debtor’s employer into...

Construing North Carolina exemptions law, a federal bankruptcy court held that a Chapter 13 debtor could not claim an exemption in land and a mobile home that he purchased with the proceeds of a workers' compensation settlement agreement. The court...

Enactment by the Illinois Legislature of the 2005 amendments to the state’s Workers’ Compensation Act, specifically 820 ILCS 305/8, and the enactment of a new section 8.2 did not alter the important underlying policy in Illinois — that...

PHILADELPHIA - The Third Circuit U.S. Court of Appeals on Jan. 22 said it wants to know what asbestos claimants and Chapter 11 debtor Energy Future Holdings Corp. (EFH) think about the impact a recent U.S. Supreme Court decision has on their dispute over...

CHARLOTTE, N.C. - A newly formed affiliate of frequent asbestos personal injury defendant CertainTeed LLC filed a Chapter 11 petition on Jan. 23 in North Carolina federal bankruptcy court looking to permanently resolve CertainTeed's asbestos liabilities...

NEW YORK - A New York federal bankruptcy judge issued a scheduling order Jan. 16 for resolution of the remaining issues in a long-running dispute between Chapter 11 debtor Rapid-American Corp. and insurers over coverage for asbestos liability while the...

NEW YORK - A New York federal bankruptcy judge on Jan. 13 closed an Irish reinsurer's bankruptcy proceeding that recognized a foreign main liquidation proceeding concerning an alleged $1 billion deficit (In re Ballantyne Re Plc, Chapter 15, No. 19...

WASHINGTON, D.C. - A bankruptcy court's ruling on a motion for relief from the automatic stay is a final, appealable order, the U.S. Supreme Court decided Jan. 14 in upholding a decision by the Sixth Circuit U.S. Court of Appeals (Ritzen Group, Inc...

WILMINGTON, Del. - Paddock Enterprises LLC on Jan. 6 became the latest corporate victim to using asbestos in products, with the company filing a Chapter 11 petition in Delaware federal bankruptcy court after a December restructuring of the world's...

WILMINGTON, Del. - Disputes among Chapter 11 debtor Imerys Talc America Inc., one of its insurers and tort claimants' representatives are headed to mediation, with a Delaware federal bankruptcy judge on Dec. 26 approving a two-day negotiating session...

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Dec. 26 gave Chapter 11 debtor Imerys Talc America Inc. and affiliates three more months to propose a plan of reorganization on their own (In re: Imerys Talc America, Inc., et al., No. 19-10289...

WEST PALM BEACH, Fla. - An insolvent insurer alleges in an adversary complaint filed Dec. 18 in a Florida bankruptcy proceeding that two Florida residents fraudulently transferred $386,000 in avoidance of a $122 million final judgment issued in favor...

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Dec. 17 approved a settlement allowing Chapter 11 debtor Imerys Talc America Inc. to pay a law firm more than $500,000 for work done preparing the talc supplier to file for bankruptcy, after altering...

NEW YORK - Supplemental authority provided by an asbestos plaintiff's law firm to support its position that its client, not the firm, is the real party in interest for claims against a debtor's insurance broker actually back the broker's position...

WILMINGTON, Del. - A proposed $500,000 settlement with a law firm to pay some of its fees for work done preparing Imerys Talc America Inc. to file a Chapter 11 petition should not be approved because the debtor failed to show that the deal is fair and...