Bankruptcy

Household Debt at Historic Levels

According to an August 2, 2022 report by the Federal Reserve Bank of New York, US household debt exceeded $16 trillion for the first time in history during the 2nd quarter of 2022. Although the overall rate of household credit default remains historically low, confirmed by the nationwide historically low rate of bankruptcy filings, revolving credit card debt ballooned by over $46 billion during…

Mikal J. Krueger

Minimizing Cash-Flow Risk arising from a Bankruptcy for Frontier Communications

It is widely reported in the business press that Frontier Communications plans to file for protection under the Bankruptcy Code sometime in the relatively near term.[1] Reportedly, Frontier met with…