Washington Law Group, PLLC

06/17/2026

By some metrics, Musk even has iconic oil tycoon John D. Rockefeller beat.

06/17/2026

Two more WA casinos to close, 132 jobs cut amid Kirkland casino company’s .

The Kirkland-based casino company Maverick Gaming announced Friday that it is closing two Washington casinos and laying off 132 employees while continuing its restructuring plan under Chapter 11 bankruptcy protection.

06/08/2026

More than half a million Americans file for bankruptcy each year, and roughly 10% will declare bankruptcy at some point. In a recent paper, Nagel looked at random audits of bankruptcy filings to see how many filers are telling the truth—and what happens when they get caught lying or making a mistake.

The research focused on Chapter 7 bankruptcies, the most common kind, where filers can get their debts wiped out. Random "debtor audits" of Chapter 7 filings started after Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005. Under the law, auditors hired by the Department of Justice compare what people report in their bankruptcy filings with their tax returns, bank statements, and other records. If they find a significant discrepancy, it's flagged as a "material misstatement."

Accounting is usually associated with corporations. "In accounting, we traditionally think more about the firm and less about the household," says Fabian Nagel, an assistant professor of accounting at Stanford Graduate School of Business.

06/08/2026

The company will slash debt by 75%, get $500 million in new financing and aim for $9 billion in GMV by 2030. But now customers need to come back.

06/01/2026

The Shilo Sanders bankruptcy mess apparently could have been avoided.

Free-agent safety Shilo Sanders faces a trial later this summer on the question of whether his bankruptcy case will discharge an $11.89 million civil verdict against him.

05/27/2026

Minnesota led the nation in farm bankruptcies in the first quarter, and farmers are anxious.

Input costs rising due to trade war and Iran war.

Reserves saved to get through tough times are running out.

05/27/2026

Personal bankruptcies are climbing across nearly every state as more families struggle under the weight of rising debt, high borrowing costs and persistent inflation.

The increase in bankruptcy filings adds to growing signs of financial stress across the U.S. economy, particularly among households already struggling with elevated housing costs, inflation and record levels of debt.

Personal bankruptcy filings have risen in nearly every state over the past year, according to new research.

05/21/2026

LIV Golf reportedly laying groundwork for US bankruptcy if new investors aren't secured.
If new funding isn't secured, LIV Golf is reportedly 'preparing for the league's collapse' as a possible outcome.

Saudi Arabia's Public Investment Fund is pulling funding for LIV Golf after the 2026 campaign.

05/21/2026

Detroit bankruptcy case officially closes more than 13 years after historic filing.

Detroit’s landmark Chapter 9 bankruptcy case has officially ended more than a decade after the city sought protection amid financial collapse.

Detroit formally closed the largest municipal bankruptcy case in U.S. history after years of debt restructuring, balanced budgets and improving credit ratings.

05/12/2026

Central California peach farmers are preparing to uproot approximately 420,000 clingstone peach trees after Del Monte Foods permanently closed its processing facilities in Modesto and Hughson in April. The closures come as part of Del Monte’s ongoing bankruptcy proceedings.

The closures have left growers with few options to sell their crops, prompting federal lawmakers to secure up to $9 million in emergency aid to help farmers remove roughly 3,000 acres of orchards before the upcoming harvest season begins in late May.

Last year's bankruptcy has created ripple effects in agriculture, with thousands of peach trees now slated for removal as the company reorganizes.