Bankruptcy News

The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments.

A bankruptcy judge has approved Charter Communications Inc. 's reorganization plan, paving the way for the company, the fourth-largest cable operator in the United States, to emerge from Chapter 11 by the end of the year.

In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston.

A federal appeals court said a western Pennsylvania woman isn't entitled to a new trial on her claim that an accounting error by Ernst & Young cost her $103 million.

The Penn Traffic Company and its primary subsidiaries filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code on November 18, 2009.

Blaming heavy debt and a challenging economy, Champion Enterprises has filed for Chapter 11 bankruptcy.

A bankruptcy trustee says claims have been filed for 154 people who say they were sickened by a salmonella outbreak traced to a Virginia peanut company.

Creditors are trying to cut off a $12,800 monthly allowance to the government's key informant in New Jersey's largest corruption sting.

Simon Property Group Inc. , the owner of Southridge Mall in Greendale, has hired outside advisers to help it weigh its options regarding the possible acquisition of assets from fellow shopping mall owner General Growth Properties , which owns Mayfair Mall in Wauwatosa.

Japan's transport minister declined to rule out a court-led bankruptcy for Japan Airlines , sending the struggling carrier's stock to a record low, even as U.S. carriers lined up with offers of financial support.

The company that publishes Reader's Digest is planning to vacate its longtime suburban headquarters, the CEO said Wednesday.

A bankruptcy auction of the company that publishes The Philadelphia Inquirer and Philadelphia Daily News has been postponed while creditors appeal a key ruling.

Penn National Gaming offered $50 million for the Fontainebleau Las Vegas casino-resort. The development is currently under bankruptcy, and Penn's offer would serve as the opening bid at a bankruptcy auction.

A suburban Philadelphia swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children has filed for bankruptcy.

Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession.

Amelia Island Plantation has signed a new agreement to help it stay financially viable.

Charter Communications Inc. said Tuesday a bankruptcy judge has confirmed its reorganization plan, clearing the way for the nation's fourth-largest cable TV operator to emerge from Chapter 11 in a few weeks.

Bondholders battling Donald Trump for control of Trump Entertainment Resorts' three Atlantic City casinos have reached a deal allowing the casinos to retain Trumps' trademark name.

Former Lehman Brothers CEO Dick Fuld. Lehman Brothers Holdings sues Barclays Capital over $8.2B 'windfall profit' resulting from firesale Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business ...

Commercial lender CIT Group Inc. reported a loss of more than $1 billion during the third quarter.