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As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week.
According to the New York Times , Sbarro, founded in 1956 in Brooklyn by Naples emigres Gennaro and Carmela Sbarro, has filed for bankruptcy protection for the second time in three years.
A federal bankruptcy judge in Chicago has given power wholesaler Edison Mission Energy the go-ahead to emerge from bankruptcy by selling most of its assets to NRG Energy Inc. U.S. Bankruptcy Judge Jacqueline Cox signed off Tuesday on Santa Ana, Calif.-based Edison Mission's Chapter 11 plan agreed upon last month by the company, corporate parent ... (more)
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The city's lawyers Tuesday announced they have reached a deal that will protect members of a retiree committee from lawsuits associated with Detroit's bankruptcy case.
Prospect Park Networks, has filed for bankruptcy protection through Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Sbarro says it's filing for Chapter 11 reorganization, marking the struggling pizza chain's second trip through bankruptcy court in less than three years.
Mt. Gox CEO Mark Karpeles, center, is escorted as he leaves the Tokyo District Court on Feb. 28. Mt.
According to a government statement Monday, President Nicos Anastasiades thanked Panicos Demetriades for helping to prevent the country's bankruptcy and stabilizing the troubled banking sector.
A disgruntled bitcoin trader protests outside Mt. Gox offices in Tokyo. The bitcoin exchange, which is facing numerous lawsuits over the loss of hundreds of millions of bitcoins, has now filed for bankruptcy protection in Japan and U.S. in an effort to stall legal action against the Japanese company.
Neither the bank nor the government provided a reason for the decision by Panicos Demetriades, who will officially leave his post at the Central Bank of Cyprus on April 10. However, in a statement, President Nicos Anastasiades thanked Demetriades for helping to prevent the country's bankruptcy and stabilizing the banking sector.
The California city of Vallejo emerged from bankruptcy just over two years ago, but it is still struggling to pay its bills.
Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.
The Sbarro pizza restaurant chain filed for bankruptcy court protection Monday, less than three weeks after it was forced to close more than 40 percent of its U.S. locations.
QUESTION: I have about $12,000 in credit card debt. I am about to lose my job, and I have no idea how I will continue to pay my creditors.