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In this Jan. 16, 2013 file photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich.
Mi Pueblo, the popular and colorful chain of family-grown Hispanic grocery stores, has limited options to re-emerge from bankruptcy protection and faces the possibility of having to liquidate its 21 stores and abandon its 3,260 employees, the company says.
Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal - the first convictions to stem from a banking crisis that brought Ireland to the brink of national bankruptcy.
Negotiations between the parent company of Berkshire Medical Center and the creditors of the former North Adams Regional Hospital now center on an acquisition of the facility and have reached as far as formal, written offers.
This has proven to be a watershed week in Detroit's bankruptcy case, which is now moving along at lightning speed.
A now-bankrupt developer who duped a family into buying properties from his company will spend Easter in jail after an urgent attempt for a second appeal against his sentence failed this morning.
A judge also ordered former Bell city manager Robert Rizzo to make $8.8 million in restitution, but prosecutors say that only covers the money he illegally took for himself.
The city has an $816 million pledge from foundations, philanthropists and Gov. Rick Snyder to shore up pension funds and prevent the sale of city-owned art as part of Detroit's strategy for exiting the largest public bankruptcy in U.S. history.
A court-appointed administrator confirmed the rejection and said CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm.
General Motors Co said it would ask a U.S. bankruptcy court to bar plaintiffs from proceeding with lawsuits against the automaker for claims related to any actions before it filed for bankruptcy in 2009.
Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February.
The city of Detroit reached a deal with a group of retired police officers and firefighters that would protect pensions but trim annual cost-of-living payments - the first major agreement with retirees in the bankruptcy case, mediators announced Tuesday.
General Motors wants to delay a federal judge in San Francisco from ruling on a class-action case until a bankruptcy judge in New York decides whether the company is shielded from all product liability claims tied to crashes or defects before it exited bankruptcy in July 2009.
Prosecutors claim that after Community Home Financial Services filed for Chapter 11 bankruptcy protection, the 57-year-old Dickson wired nearly $9.1 million from the mortgage company's accounts, mostly to a bank in Panama.
Energy Future Holdings has delayed filing its 10-K earnings statement yet again, as the Texas power giant continues to negotiate with creditors ahead of a bankruptcy filing.
The company, which emerged from Chapter 11 bankruptcy protection this month after restructuring its finances, will locate 500 jobs in Boston and is looking to add about 50 full-time jobs.