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  2. State defaults in the United States - Wikipedia

    en.wikipedia.org/wiki/State_defaults_in_the...

    The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]

  3. Texas two-step bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Texas_two-step_bankruptcy

    Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...

  4. List of United States district and territorial courts - Wikipedia

    en.wikipedia.org/wiki/List_of_United_States...

    The courts hear civil and criminal cases, and each is paired with a bankruptcy court. [2] Appeals from the district courts are made to one of the 13 courts of appeals , organized geographically. The number of district courts in a court of appeals' circuit varies between one and thirteen, depending on the number of states in the region and the ...

  5. United States District Court for the Southern District of Texas

    en.wikipedia.org/wiki/United_States_District...

    The first federal judge in Texas was John C. Watrous, who was appointed on May 26, 1846, and had previously served as Attorney General of the Republic of Texas. He was assigned to hold court in Galveston, at the time, the largest city in the state. As seat of the Texas Judicial District, the Galveston court had jurisdiction over the whole state ...

  6. 5 ‘must-haves’ to finding a bankruptcy lawyer - AOL

    www.aol.com/finance/5-must-haves-finding...

    The American Bar Association also lists lawyers who meet their standards in different areas of expertise, including bankruptcy. Your state bar might similarly provide references for local specialists.

  7. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/.../Bankruptcy_in_the_United_States

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

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  9. List of bankrupts - Wikipedia

    en.wikipedia.org/wiki/List_of_bankrupts

    On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...

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