Current Bankruptcy News and Events

Current Bankruptcy News and Events, Bankruptcy News Articles.
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Big name corporations more likely to commit fraud
Fortune 500 firms with strong growth profiles are more prone to corporate financial securities fraud than smaller, struggling companies, according to a recent study. Researchers examined more than 250 U.S. public corporations involved in fraud identified in SEC filings from 2005-2013, compared to a control sample of nonfraud firms. Trends emerged for a greater fraud risk including corporations listed in the Fortune 500, traded on the NYSE and that had strong growth imperatives. (2021-02-02)

Study examines cancer's effects on young women's employment and finances
Cancer and its treatment can impact an individual's ability to work, and employment disruptions can lead to financial hardships. A new study indicates that women who were diagnosed with cancer as adolescents or young adults can be especially vulnerable to these effects. The findings are published early online in CANCER, a peer-reviewed journal of the American Cancer Society (ACS). (2020-10-12)

One in two Americans fear a major health event could lead to bankruptcy
As the COVID-19 pandemic continues to put lives and livelihoods at risk, 1 in 2 Americans say they fear a major health event could lead them to file for bankruptcy, marking a 5% increase since 2019. The new research comes from the West Health-Gallup US Healthcare Study, an ongoing series of surveys on the impact of high healthcare costs on American lives. (2020-09-01)

Memory loss reversed or abated in those with cognitive decline
Affirmativ Health sought to determine whether a comprehensive and personalized program, designed to mitigate risk factors of Alzheimer's disease could improve cognitive and metabolic function in individuals experiencing cognitive decline. Findings provided evidence that this approach can improve risk factor scores and stabilize cognitive function. (2020-07-31)

Partnerships with bankrupt companies could be double-edged sword for investors
New research from the Indiana University Kelley School of Business found that when a company is in bankruptcy, its advertising and research and development investments can cut both ways. They increase the odds of surviving for some bankrupt companies and decrease the odds for others. (2020-07-30)

New study examines impact of major life events on wellbeing
Researchers examined the effect of 18 major life events on wellbeing. (2020-05-28)

New economic model may prevent stops of capital flow
The 'sudden stops of capital flows' model enables the adequacy of macroeconomic policies, one year in advance, against the risk of a sudden contraction of international. investments. (2020-04-17)

Financial pressure makes CFOs less likely to blow the whistle
A recent study finds that corporate financial managers do a great job of detecting signs of potential fraud, but are less likely to voice these concerns externally when their company is under pressure to meet a financial target. (2020-02-10)

Comparing cancer costs is challenging, despite new price transparency rules
A federal rule that requires hospitals to publicly list standard charges for services and procedures -- the foundation of price transparency -- does not facilitate comparison shopping for a standard radiation treatment for prostate cancer at National Cancer Institute-designated cancer centers, according to a study led by University of North Carolina Lineberger Comprehensive Cancer Center researchers. (2020-01-16)

American cancer survivors face substantial financial hardship and financial sacrifices
American cancer survivors, particularly those 64 years or younger, faced substantial medical financial hardship and sacrifices in spending, savings, or living situation, according to data from a survey. (2020-01-15)

UBC study finds siblings of problem gamblers also impulsive, prone to risk-taking
Biological siblings of people with gambling disorder also display markers of increased impulsivity and risk-taking, according to a new UBC psychology study. The findings, published today in Neuropsychopharmacology, suggest people with gambling disorder -- a psychiatric term for serious gambling problems -- may have pre-existing genetic vulnerabilities to the illness. (2019-10-09)

Long delays prescribing new antibiotics hinder market for needed drugs
US hospitals wait over a year on average to begin prescribing newly developed antibiotics, a delay that might threaten the supply or discourage future development of needed drugs, according to a University of Wisconsin-Madison study. (2019-06-26)

Inequality gap grew before the Great Recession and after, study finds
The Great Recession hit Americans across the socioeconomic spectrum, but the drivers behind these socioeconomic divides were mounting before the decline even hit, according to a paper published in PLOS ONE. (2019-04-25)

Experts discover historic roots of Medicare for All, public option and free-market proposals
As political leaders debate the future of the US health care system, a pair of health financing experts discovered that all of the current proposals -- from Medicare for All to 'repeal and replace' -- have been circulating in various forms since the 1940s. For example, today's 'public option' plans that would offer individuals the option to buy-in to Medicare or Medicaid were first proposed by two Republicans, Sen. Jacob Javits and Rep. John Lindsay in the early 1960s. (2019-04-01)

For young adult cancer survivors, debt and work-related impairments
One of the largest-ever studies of work-related risks in young adult cancer survivors finds that of 872 survivors, 14.4 percent borrowed more than $10,000 and 1.5 percent said they or their family had filed for bankruptcy as a direct result of illness or treatment. (2019-02-25)

67 percent of bankruptcy filers cite illness and medical bills as contributors to financial ruin
Medical problems contributed to 66.5 percent of all bankruptcies according to a study published in the American Journal of Public Health, a percentage that is virtually unchanged since the passage of the ACA. Researchers found that yearly, 530,000 families filed bankruptcies linked to illness or medical bills. Debtors reported that medical bills contributed to 58.5 percent of bankruptcies, while illness-related income loss contributed to 44.3 percent; many debtors cited both of these medical issues. (2019-02-07)

UNH research pulls back the veil on historical portrayal of 'Downton Abbey'
A historian at the University of New Hampshire takes a closer look at the beloved show 'Downton Abbey' to reveal that it may have been preserving history not as it actually was but as fans believe it ought to have been. (2019-02-06)

Cardiac events, stroke lead to loss of work, reduced income in survivors of working age
People who have experienced a heart attack (myocardial infarction), stroke or cardiac arrest are significantly less likely to be working than healthy people, and if they are working, on average have lower incomes, found a study published in CMAJ (Canadian Medical Association Journal). (2019-01-07)

Renewable energy cooperatives, an opportunity for energy transition
Three researchers from the UPV/EHU's Faculty of Engineering -- Bilbao and the University of Valladolid have explored how renewable energy cooperatives have evolved. They have found that these cooperatives have developed a significant capacity to survive and adapt in response to the hostile context brought about by the economic and political regime. (2018-11-12)

Hurdles to workers' and capital's flow between firms: The roots of sluggish productivity
Since the financial crisis of 2007, with no seeming reason, productivity growth has been slowing down in all the major economies. Part of the explanation of this productivity puzzle in advanced economies may lie in a generalized difficulty of reallocating resources between firms in the same industry and in the same geographical area, a new study by Gianmarco Ottaviano, Professor of Economics at Bocconi University, and colleagues, finds. (2018-11-09)

Nice people finish last when it comes to money
Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don't value money as much, according to research published by the American Psychological Association. (2018-10-11)

Philly refinery fails to include public input in cleanup efforts
New research uncovers Sunoco's decade-long effort to cleanup legacy contamination at the East Coast's oldest and largest petroleum refinery site did not include legally required public Involvement. Data indicate Philadelphia Energy Solutions, current owner of the refinery, may be poised for another bankruptcy by 2022, opening industrial redevelopment opportunities. This report recommends steps to correct Sunoco's oversight, as well as the need to explore cleanup standards more stringent than those appropriate for ongoing refinery operations. (2018-09-21)

Bad behavior to significant other in tough times has more impact than positive gestures
Refraining from bad behavior toward a significant other during stressful life events is more important than showing positive behavior, according to a Baylor University study. (2018-06-26)

Study explores options that optimize profit in broadband satellite constellations
Several large telecommunications companies have proposed plans to provide global broadband services by launching hundreds and even thousands of satellites into orbit. Although broadband for everyone sounds like a great idea, it also carries great financial risk, resulting in bankruptcy for some who've tried it. Recent research at the University of Illinois suggests a more cost-effective strategy using regional coverage and staged deployment. (2018-06-06)

How often do medical problems lead to bankruptcy?
A new MIT-led study has determined how often medical costs lead to personal bankruptcy. (2018-03-21)

Hospital charges for outpatient cancer care highly variable, Medicare billing records show
An analysis of recent Medicare billing records for more than 3,000 hospitals across the United States shows that charges for outpatient oncology services such as chemo infusion or radiation treatment vary widely and exceed what Medicare will pay by twofold to sixfold. (2018-02-20)

Individuals in the US diagnosed with cancer are 2.7 times more likely to declare bankruptcy than individuals without cancer, study finds
As advancements in cancer therapies have been making headlines in recent years, cancer drug prices have significantly increased. The remaining question is, what are the economic impacts of the differentiations in cost of FDA approved drugs and the purchasing power of individuals around the world? This study, published in Oncotarget, titled (2017-12-20)

Study: Stereotypes about race and responsibility persist in bankruptcy system
Bankruptcy attorneys have little knowledge of the racial disparities that exist within the bankruptcy system, relying instead on common stereotypes about race, responsibility and debt, according to research co-written by Robert M. Lawless, the Max L. Rowe Professor of Law at Illinois and a leading consumer credit and bankruptcy expert. (2017-11-29)

Paper: 'No money down' bankruptcies prevalent among the poor, minorities
Bankruptcy attorneys are increasingly encouraging clients to file for the more expensive 'no money down' option of Chapter 13 bankruptcy -- a tactic that's used more often with blacks than with whites, according to research co-written by Robert M. Lawless, the Max L. Rowe Professor of Law at Illinois and a leading consumer credit and bankruptcy expert. (2017-11-14)

Balance forgiveness programs more effective at reducing credit card debt than lowering monthly minim
New research from Princeton University suggests that relief targeting longer-term debt, such as the partial forgiveness of account balances, has a greater effect on a borrower's overall financial health than strategies concentrating on short-term liquidity issues. (2017-10-02)

New study shows setting stretch goals can undermine organizational performance
While the general consensus regarding stretch goals is that they boost drive, innovation, and improve organizational performance, new research in the INFORMS journal Organization Science shows that this is the exception, and not the rule. For many organizations, stretch goals can serve to undermine performance. (2017-06-08)

Harvard Medical School expert calls for protection of critical gains made in cancer care under ACA
As the White House moves forward with its efforts to repeal Obamacare, it should strive to preserve -- and further boost -- these important advances, according to an introduction penned by Harvard Medical School professor health care policy expert Nancy Keating, who served as guest editor for the issue. (2017-05-24)

Most new to Medicaid have no other option if Affordable Care Act repealed
Almost everyone covered through Ohio's Medicaid expansion would have no other viable insurance option should the Affordable Care Act be repealed, a new study has found. (2017-04-24)

The Lancet: Structural racism, mass incarceration, and health care system fuel growing health inequalities in the USA
Structural racism, mass incarceration, and the widening income gap between rich and poor all feed growing health inequalities in the USA, which the health care system -- by its very design and financing -- only helps exacerbate, according to a new five paper Series published in The Lancet. (2017-04-06)

Study shows health insurance plans too complicated to understand
A new survey by experts at the Health Disparities Institute of UConn Health shows that many patients across Connecticut are struggling to understand their complex, jargon-filled private health insurance plans and even to use their plan benefits correctly. Researchers believe Connecticut's low health insurance literacy rates most likely mirror the nation. (2017-04-05)

Research evaluates how financial criminals evade laws
In a recent study published online in the International Journal of Arts and Sciences, two UT Dallas alumnae examine the frequency and implications of bankruptcy fraud and money laundering. They also assess the degree of cultural and ethical differences between these acts in the United States and Europe, where the crimes are more prevalent. (2017-03-10)

New drugs, higher costs offer little survival benefit in advanced lung cancer
According to a University of Colorado Cancer Center study published this week in the Journal of Clinical Oncology, a decade that saw the development of new therapies for non-small cell lung cancer resulted in little survival benefit for patients with advanced-stage disease. (2017-01-04)

Despite upbeat headlines, Detroit still reeling
Reports of Detroit's revival may be premature. Despite the news media's portrayal of Motown as a comeback kid, most revitalization is occurring in a small swath of the city's core, while the rest of Detroit continues to decline, finds a new study led by a Michigan State University scholar. (2016-11-22)

Study: Courts of old Istanbul yield insights on modern poverty
Few might seek insights on Middle Eastern conflict or modern poverty in records of the Ottoman empire. Yet when Duke University economist Timur Kuran combed through centuries-old court documents, he made a surprising discovery with implications for modern times: The courts' actions had unintended consequences that inadvertently undercut people's finances. (2016-06-22)

University of Leicester mathematicians provide solution to 78 year old mystery
University of Leicester research brings old problem of adaptation energy to light. (2016-03-22)

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