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4 hrs ago | Detroit Free Press
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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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.
A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees.
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.
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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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.