40 min ago | Townhall
Tom Borelli: Progressives Blame Capitalism Instead of Obama For Patriot Coal Bankruptcy
The American coal industry is in free-fall and companies are being forced to do whatever it takes to keep from closing their doors.
4 hrs ago | GuardMyCreditFile
Discharging Student Loans in Bankruptcy Proceedings May Now Be Possible for Some People
June 17, 2013 - In two separate rulings, and in two separate federal circuits, appeals courts have now allowed the discharge of federally backed student loans in two bankruptcy cases.
8 hrs ago | KHOU-TV Houston
Tribune ends bankruptcy stint with lower earnings
The company that owns the Chicago Tribune, Los Angeles Times and more than 20 television station made slightly less money last year as it ended a lengthy ordeal in bankruptcy court.
13 hrs ago | Bloomberg
Detroit Recovery Plan Threatens Underpinnings of Muni Market
Emergency Manager Kevyn Orr's plan to suspend payments on $2 billion of Detroit's debt threatens a basic tenet of the $3.7 trillion municipal market: that states and cities will raise taxes as high as needed to avoid default.
17 hrs ago | Sunherald.com
Greek coalition wrestles to avoid collapse
Conservative Prime Minister Antonis Samaras' fragile three-party coalition formed to save debt-stifled Greece from bankruptcy this time last year is now flirting with the political instability that has forced three changes of government in as many years.
21 hrs ago | Reuters
UPDATE 2-Orchard Supply files for Chapter 11, Lowe's steps in
Orchard Supply Hardware Stores Corp has filed for Chapter 11 bankruptcy protection, court documents showed on Monday, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
'RHONJ' star Teresa Giudice admits that bankruptcy is far from over
"The Real Housewives of New Jersey " star Teresa Giudice sold herself as a wealthy housewife to three adorable daughters and a hardworking man on the first season of the show.
Blended airline names new execs
The companies last week named eight senior executives, including five from US Airways and three from American parent AMR Corp. AMR and US Airways Group Inc. hope to complete their proposed merger this summer.
Detroit's Pre-Bankruptcy Negotiating Game May Not Be Working.
The emergency manager who was sent to reverse the fortunes of this financially troubled city asked some of its creditors on Friday to accept pennies on the dollar as he laid out his plan for tackling Detroit's staggering debt, kick-starting negotiations that could determine whether the city is headed to bankruptcy court.
Billionaire's coal struggles irking biz owners
West Virginia billionaire Jim Justice made his fortune in coal and agriculture, and he is revered in his home state as the man who rescued the historic Greenbrier resort from bankruptcy.
Analysis: Why bankrupt W.R. Grace is thriving
A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and its surging sales to the energy sector.
Comedian Sinbad broke gain, files for bankruptcy again
Los Angeles, June 16: Sinbad, the 1990s comedian, has claimed he is broke again and reportedly he is filing for bankruptcy for the second time since 2009.
Detroiters' best assets: Resilience, hope
Bishop Andrew Merritt of the Straight Gate International Church located in Detroit in the sanctuary of his church on Saturday June 16, 2013.
Patriots legal, advising fees tops $57M during bankruptcy
Patriot Coal spent $57.7 million on "professional fees" during the 10 months between July 2012, when the company filed for Chapter 11 bankruptcy, and April 2013.
Stockton bishop says diocese is almost out of cash
The Roman Catholic bishop of Stockton has warned parishioners that his diocese might run out of money before it has paid damages to all of the people who have sued over clergy sex abuse, a newspaper reported Saturday.
Half Price Lawyers Announces Award-Winning Managing Attorney for Bankruptcy Division
Half Price Lawyers, a full-service law firm offering counsel throughout the Las Vegas Valley, announced today the addition of Caleb Zobrist as the company's managing attorney for its bankruptcy department.
Halsey Minor Asks Court to Throw Out Dismissal of Bankruptcy
Halsey Minor, the CNET Networks Inc. founder who filed for bankruptcy last month, is seeking to reinstate his case after it was dismissed, saying he shouldn't be punished because his attorney missed a deadline for handing in documents.
Analysis: Kevyn Orr laying groundwork for potential Detroit bankruptcy
As Detroit seeks an out-of-court resolution to its financial crisis, emergency manager Kevyn Orr continues to lay the groundwork for a potential Chapter 9 bankruptcy filing.
Auto Industry Says It Supports Detroit on Brink of Bankruptcy
Two of the biggest companies in the industry most closely associated with Detroit expressed support for the city, which announced plans to miss debt payments today that will make it the most populous U.S. city to default since Cleveland in 1978.
Kevyn Orr: Detroit creditors to get pennies on the dollar
CLICKONDETROIT.COM AND CLICK ON THE WEATHER TAB. ALSO MAKING NEWS AT THIS HOUR, DETROIT EMERGENCY MANAGER KEVYN ORR IS MEETING WITH THE CITY'S CREDITORS TO TRY AND BROKER A DEAL TO HELP KEEP DETROIT OUT OF BANKRUPTCY.