News on Bankruptcy continually updated from thousands of sources around the net.
1 hr ago | MLive.com
Battles are being waged on three fronts after a federal judge gave Detroit's bankruptcy case a shot in the arm last week with a multi-pronged ruling that found the city eligible for a Chapter 9 restructuring.
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5 hrs ago | Myrtle Beach Online
In this March 16, 2012 file photo, New York Gov. Andrew Cuomo, right, and Syracuse, N.Y., Mayor Stephanie Miner talk during a bill signing ceremony in the Red Room at the Capitol in Albany, N.Y. A federal bankruptcy court's decision, Dec. 3, 2013 in Detroit to put a constitutionally protected public pension on the table for cuts means a major ... (more)
9 hrs ago | Independent.ie
HE may have had his bid to overturn his Irish bankruptcy rejected by the High Court last Friday, but just two days earlier developer Sean Dunne could have been forgiven for thinking he had already secured a clean bill of financial health in the United States.
Malcolm Scott's sequestration will last for another 10 months and he now faces a government watchdog probe into his conduct.
Greek Prime Minister Antonis Samaras, right, talks to Finance Minister Yannis Stournaras, during a parliament meeting for a vote on the country's 2014 budget in Athens, on Saturday, Dec. 7 2013.
"The court finds that Detroit was and is insolvent." That was the determination of Judge Steven Rhodes earlier this week.
The 150-page court ruling finding Detroit eligible for bankruptcy focused on the city's soaring crime, crushing debt - and the late Anna Nicole Smith.
The casino formerly known as the Atlantic City Hilton listed assets, excluding real property, of $17.1 million and liabilities of $16.8 million.
The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.
Brennan's Inc., former owner of the landmark Brennan's restaurant, is bankrupt and must be liquidated, a federal bankruptcy judge has found.
Bob Dylan's sunburst Fender Stratocaster made rock history when he played it at the 1965 Newport Folk Festival.
The temple of Parthenon on the top of Acropolis hill is illuminated by the sunset in Athens, Friday Dec. 6, 2013.
A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more crowded.
President Barack Obama marked the end of Hanukkah with not one, but two receptions at the White House on Thursday.
Bankruptcy may be the best thing to happen to Detroit. It has forced a once and future great city to change the missteps that might have killed it.
U.S. Bankruptcy Judge Steven Rhodes has ruled that Detroit, Mich., may seek to protect itself from its creditors under Chapter 9 municipal bankruptcy protection, thus making this once proud city the largest municipality in American history to go bust.