Latest Personal bankruptcy News

BSA bankruptcy plan misses mark in vote by abuse claimants

Jan. 05, 2022 14:54 PM EST

DOVER, Del. (AP) — A preliminary voting report in the Boy Scouts of America bankruptcy indicates the group’s reorganization plan has failed to win the desired support from tens of thousands of men who say they were sexually abused as children. The report, filed late Tuesday...

Suits against OxyContin owners on hold; negotiations ordered

Dec. 29, 2021 13:05 PM EST

Even though one judge rejected OxyContin maker Purdue Pharma's sweeping settlement of thousands of lawsuits over the opioid crisis, another refused Wednesday to allow litigation to move ahead just yet against members of the Sackler family who own the company — but also ordered negotiations for a...

United Methodists to join in plan for Boy Scouts bankruptcy

Dec. 21, 2021 18:19 PM EST

DOVER, Del. (AP) — Congregations affiliated with the United Methodist Church have agreed to contribute $30 million to a fund for victims who say they were molested as youngsters in the Boy Scouts of America, an attorney said Tuesday. A committee representing United Methodist...

Insurer agrees to $800M settlement in Boy Scouts bankruptcy

Dec. 14, 2021 12:57 PM EST

DOVER, Del. (AP) — Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse. The agreement announced Monday calls...

Virginia CEO convicted of fraud charges linked to bankruptcy

Dec. 09, 2021 08:47 AM EST

ALEXANDRIA, Va. (AP) — The CEO of a private jet charter company in Virginia has been convicted of multiple fraud charges tied to a bankruptcy case in which he discharged over $6 million in personal debt, according to a federal prosecutor. The U.S. Attorney's Office for the Eastern...

Mediator ousted in Boy Scouts bankruptcy; deadline extended

Dec. 07, 2021 21:19 PM EST

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator, saying a court filing by the Boy Scouts raised questions about his impartiality. Judge Laura Selber Silverstein...