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Bankruptcy News

News on Bankruptcy continually updated from thousands of sources around the net.

4 hrs ago | Detroit Free Press

Penske, Gilbert, Rapson on Detroit's witness list in bankruptcy case

Dan Gilbert, left and Roger S. Penske are two of the witnesses the City of Detroit expects to call during this summer's hearing on Detroit's plan for exiting bankruptcy.

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Related Topix: Economics News, Auto Dealers, Retail, Penske, Quicken Loans, Financial Services

8 hrs ago | WNWN-FM Battle Creek

Detroit bankruptcy judge seeks input from mayor, c...

U.S. Bankruptcy Judge Steven Rhodes wants to hear from Detroit Mayor Mike Duggan and City Council members before making a decision on Emergency Manager Kevyn Orr's deficit reduction plan.

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Related Topix: Economics News

Fri Apr 18, 2014

Reuters

Mt. Gox CEO won't appear in U.S. for questions about bankruptcy case

Mark Karpeles, the chief executive of Mt. Gox, said he would not come to the United States to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case, Mt.

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Related Topix: Economics News, Bitcoin

Canadian Business Magazine

Bankruptcy judge rules against American Airlines' bid to quickly end retiree benefits

A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees.

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Related Topix: Economics News, Airlines, AMR

Detroit Free Press

Michigan House leader ups ante in Detroit bankruptcy: Unions put up cash, or no money from state

Speaker of the House Jase Bolger R-Marshal speaks to the press during a news conference in the Governor's press auditorium of the Romney Building in Lansing January 22, announcing a state funding plan related to the Detroit bankruptcy.

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Related Topix: Detroit, MI, Economics News

Manitowoc Herald Times Reporter

Wisconsin church bankruptcy plan to be put to vote

Peter Isley, front left, Charles Linneman, front middle, and Monica Barrett, front right, stand before a group of other clergy sexual abuse victims outside federal bankruptcy court Thursday, April 17, 2014, in Milwaukee.

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Related Topix: Economics News, Milwaukee, WI

InfoWorld

Investors try last-minute Mt. Gox revival as liquidation looms

Web browser or Office suite? Microsoft's and Google's office productivity and collaboration clouds pit rich and complex against simple and lean more USA Today uses it's Mashery-powered API to speed app development and drive new partnerships, resulting in the #1 news apps on devices from the iPad to the Kindle Fire.

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Related Topix: Economics News, Bitcoin, Cloud Computing, Science / Technology

Reuters

REFILE-UPDATE 1-Mt. Gox suitors seek support to save bitcoin exchange

A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.

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Related Topix: Economics News, Bitcoin

Thu Apr 17, 2014

SFGate

Judge wants Detroit mayor to back bankruptcy plan

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.

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Related Topix: Economics News, Rick Snyder, US Governors, Lansing, MI, Business News

The Campbell Reporter

Mi Pueblo grocery chain says it might have to liquidate

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.

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Related Topix: Economics News

ABC News

2 Ex-Anglo Irish Bank Directors Convicted of Fraud

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.

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Related Topix: Economics News

Berkshire Eagle

Bankruptcy attorney: Negotiations underway for BMC parent to acquire NARH facility

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.

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Related Topix: Economics News, North Adams, MA

Michigan Radio

With major settlements piling up, Detroit bankruptcy moves along at lightning speed

This has proven to be a watershed week in Detroit's bankruptcy case, which is now moving along at lightning speed.

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Related Topix: Economics News, Detroit, MI, Wayne State University

Business Journal

N.W. Holding trucking company files bankruptcy

N.W. Holding Co., a truck leasing company based in north St. Louis, has filed Chapter 11 bankruptcy.

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Related Topix: Economics News

Wed Apr 16, 2014

The New Zealand Herald

Bankrupt developer to spend Easter in jail

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.

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Related Topix: Prison, Economics News, Home, Mortgage, Personal Finance

TheCourier.com

Ex-official leaves huge debt for California city

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.

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Related Topix: Economics News, Los Angeles County, CA, Federal Prisons, Prison, State Prisons

Sunherald.com

Detroit still needs $350M from state lawmakers

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.

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Related Topix: Michigan, Michigan Government, US Governors, Rick Snyder, Economics News

Key 103

Mt Gox Bitcoin Exchange Heads For Liquidation

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.

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Related Topix: Economics News, Bitcoin

Reuters

GM to seek court protection against ignition suits

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.

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Related Topix: Economics News

Norwalk Citizen News

Court rejects bankruptcy protection for Mt. Gox

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.

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Related Topix: Economics News, Bitcoin

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