News on Bankruptcy continually updated from thousands of sources around the net.
2 hrs ago | The Globe and Mail
The vacant and blighted former Packard Automotive manufacturing plant is seen in an east side neighbourhood in Detroit, Michigan July 1, 2014.
6 hrs ago | Free Republic
Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt.
11 hrs ago | MLive.com
After more than a year of tense negotiations, painful compromises, tedious court proceedings and costly legal bills, Detroit's bankruptcy case appears to be approaching its final stages.
The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.
Maude Barlow, a leading water rights advocate in Canada, and other activists brought 750 gallons of water in a seven-vehicle convoy that traveled through the Detroit-Windsor Tunnel to deliver the water and the message that the Detroit Water and Sewerage Department's policy of shutting off service to delinquent customers violates the United Nations' ... (more)
Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.
Bankrupt power giant Energy Future Holdings hopes to abandon its restructuring plan and auction off its stake in the profitable power transmission business Oncor Electric Delivery Co.
Energy Future Holdings Corp. dropped its refinancing plan on Thursday, making a move that could make its Chapter 11 bankruptcy reorganization drag on.
A scrap metal boss whose busted company is being chased for 55m in unpaid tax has been banned as a company director for 13 years.
A group of pension and trust funds for local electrical workers has filed petitions to force companies affiliated with Truland Group into bankruptcy amid reports that the Reston-based electrical contractor is winding down operations.
Chef Michel Richard's Las Vegas restaurant, Central by Michel Richard , has filed for bankruptcy.
The upcoming foreclosure auction of 14 office condos in Coral Springs was halted after their owner filed Chapter 11. PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa.
A bankrupt businessman with convictions for tax avoidance is suing independent MP Brendan Horan and RadioLive in a $650,000 defamation claim.
A federal judge has slapped the Girls Gone Wild founder with a daily fine of $5,000 until he returns two luxury cars that belong to the porn business, whose famous brand was recently sold out of bankruptcy.
The trustee overseeing the carcass of Mt. Gox, once the world's largest trading platform for Bitcoin, told investors Wednesday that the company could be revived.
"The company's current debt obligations of over $1.2-billion and annual interest expense of $113-million are unsustainable," Algoma's general counsel, Robert Sandoval, revealed in a court filing that said the steel maker rejected a proposal by one group of creditors that it file for protection under the Companies' Creditors Arrangement Act .
Updated: Fri Jul 25, 2014 01:57 pm
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