Law Offices of John T. Orcutt Bankruptcy Blog Feed

Edward C. Boltz Inducted as Fellow of the American College of Bankruptcy – Class 37

Law Office Blogger — Tue, 31 Mar 2026 19:21:19 +0000

Durham, North Carolina — Edward C. Boltz, managing partner of the Law Offices of John T. Orcutt, P.C., has been inducted as a Fellow in the American College of Bankruptcy as a member of its 37th Class. The induction ceremony was held on March 20, 2026, in San Antonio, Texas, as part of the College’s Annual Meeting. (americancollegeofbankruptcy.com)

Rising Bankruptcies Among Younger Adults

Law Office Blogger — Tue, 24 Mar 2026 16:49:15 +0000

Two consumer bankruptcy attorneys report a sharp rise in Gen Z and young millennial bankruptcy filings, especially among 25- to 35-year-olds. They attribute the trend to higher living costs and flat wages. They also point to easy access to credit cards, buy now, pay later loans, and a surge in online gambling debt.

“You Know It When You See It”: The Ethics of Mortgage Fee Dual Tracking in Chapter 13

Law Office Blogger — Mon, 09 Mar 2026 17:11:52 +0000

Where ARe Mortgage Delinuencies Rising the Most ine the U.S.?

Law Office Blogger — Mon, 16 Feb 2026 21:17:15 +0000

Over the past year, mortgage delinquencies in the United States have begun to climb again, but the increase is not evenly spread across the country. The steepest rises are concentrated in economically and climatically vulnerable regions—particularly the Deep South and parts of the Eastern seaboard where higher poverty, slower income growth, and surging insurance and tax costs are pushing more borrowers behind on their payments.

Valentine's Heartbreaker Marathon & Relay Sunday February 8, 2026

Law Office Blogger — Wed, 11 Feb 2026 17:35:21 +0000

This February 8th, 2026, members of the Law Offices of John T. Orcutt will be participating in the Heartbreak Relay Race in Greensboro NC, 3905 Nathanael Greene Dr. The Valentine's Heartbreaker Marathon & Relay is quite possibly the most fun you will ever have running a race. "A few years back, four of us from LOJTO ran a 20 mile relay race together in Hillsborough, coming in a distant last place.

Eddie Bauer the 106-Year Old Outdoor Clothing Company Closes

Law Office Blogger — Mon, 02 Feb 2026 18:37:38 +0000

Eddie Bauer, the iconic outdoor clothing and gear retailer with over a century of history, filed for Chapter 11 bankruptcy in early 2026 primarily due to financial strain on its brick-and-mortar retail business. The filing relates specifically to the entity that operates the company’s physical stores, which struggled with rising operational costs, declining foot traffic, and mounting liabilities tied to leases, inventory and vendor obligations.

Pat McGrath Labs Files for Chapter 11 Bankruptcy Protection

Law Office Blogger — Tue, 27 Jan 2026 18:27:28 +0000

In January 2026, the luxury beauty powerhouse Pat McGrath Labs filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Florida. This strategic move was made to halt a planned public auction of the brand’s assets that had been scheduled for January 27. By choosing Chapter 11, the company aims to restructure its significant debt while maintaining full control over its operations, rather than facing a forced liquidation or immediate sell-off.

Saks Global Enterprises Files for Bankruptcy Relief

Law Office Blogger — Tue, 13 Jan 2026 17:05:25 +0000

Saks Global Enterprises, the luxury retail conglomerate that owns iconic brands such as Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection because it became overwhelmed by unsustainable debt obligations, weakening sales, and operational challenges. The company’s financial strain peaked in late 2025 when it failed to make a key interest payment of more than $100 million, signaling that its cash flow could no longer support its massive debt load.

A.M. Scott Distillery Files Bankruptcy Protection Ahead of Fraud Trial

Law Office Blogger — Tue, 06 Jan 2026 02:59:12 +0000

A.M. Scott Distillery, a small Ohio-based spirits company known for handcrafted whiskey, vodka, and gin, filed for Chapter 11 bankruptcy protection in late December 2025, weeks before its founder was set to face a fraud-related trial. The company’s bankruptcy filing lists assets of less than $500,000 against about $3.35 million in liabilities, reflecting deep financial distress that left it unable to meet obligations and continue operations without court-supervised restructuring.

Happy New Year from the Law Offices of John T. Orcutt

Law Office Blogger — Wed, 31 Dec 2025 20:31:18 +0000

As the New Year begins, it’s a good moment for anyone facing debt challenges to pause, reflect, and explore the options available for a fresh start. While financial stress can feel overwhelming, there are often practical paths forward whether through budgeting support, repayment plans, professional advice, or other relief solutions that can help restore stability and peace of mind. A new year represents new possibilities, and taking even a small step to understand your choices can be the beginning of a healthier, more hopeful financial future.