Bankruptcy

Tragic Delays: Survivors of Clergy Abuse Face Justice Denied as Bankruptcy Courts Drag On

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Rochester, New York — The story of Kevin Higley reflects the profound impact of unresolved trauma as he became one of many survivors pushing for justice against the Diocese of Rochester. Higley, who died in 2022, vowed to protect future victims of sexual abuse after coming forward with his own horrific experience as a child. His wife, Natalie, recalls their first meeting decades ago when he disclosed the abuse he suffered by a priest during his youth, an ordeal that haunted him throughout their years together. The legal battle surrounding the diocese has become increasingly … Read more

Breaking the Stigma: How Austin Bankruptcy Lawyers Empower Clients to Rebuild Credit Post-Bankruptcy

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Austin, Texas — Many residents are apprehensive about filing for bankruptcy due to concerns over its potential impact on their credit scores. However, local experts assert that bankruptcy can serve as a crucial first step toward financial recovery rather than a permanent setback. The team at Austin Bankruptcy Lawyers focuses on assisting individuals grappling with debt, offering personalized guidance aimed at fostering a more secure financial future. Filing for bankruptcy, whether Chapter 7 or Chapter 13, often leads to an immediate decline in credit scores. Still, many individuals facing financial challenges may already have low … Read more

Texas Law Firm Secures Bankruptcy Deal, Selling 6,000 Tort Cases to Satisfy Funders

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AUSTIN, Texas — A Texas law firm is poised to transfer approximately 6,000 tort cases as part of a bankruptcy arrangement aimed at repaying its financial backers. This significant move highlights the firm’s struggle to balance its obligations amid growing debts. The law firm, grappling with financial turmoil, has reached an agreement to offload these cases, which are estimated to involve substantial liability claims. This decision is seen as a necessary step to address the financial challenges that have accumulated over recent years. Under the current plan, the cases will be sold to fulfill the … Read more

Johnson & Johnson’s $9 Billion Bankruptcy Plan to Settle Talc Lawsuits Dismissed by Court, Company Shifts Focus Back to Litigation

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HOUSTON — A U.S. Bankruptcy Court has dismissed Johnson & Johnson’s recent attempt to settle thousands of lawsuits related to its talc baby powder. The ruling comes as a blow to the company, which had sought to resolve cancer claims with a proposed $9 billion package, potentially one of the largest mass tort settlements in history. Judge Christopher Lopez found that Johnson & Johnson, along with its subsidiary Red River Talc, improperly solicited votes when attempting to secure support from 75% of claimants for the settlement. This led to the invalidation of most of the … Read more