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Bankruptcy News

News on Bankruptcy continually updated from thousands of sources around the net.

2 hrs ago | The Republic

Grammy winner Ne-Yo: Ex-manager owes me $8M

The Daily News reports that the R&B singer-songwriter has sued one-time manager and confidant Kevin Foster in Manhattan federal court.

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Related Topix: Media, Fox Filmed Entertainment, Economics News

2 hrs ago | Times Herald

Judge: Priest's victim abused again by greedy family

A 43-year-old Newark man who was sexually abused by a Catholic priest was victimized again by family members who used much of his $347,901 in settlement money to buy cars, jewelry and other property, a Chancery Court judge said in a scathing opinion Tuesday.

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Related Topix: Roman Catholic Church, Religion, Economics News, Atlantic City, NJ

3 hrs ago | US News & World Report

Detroit Needs Impartial Law to Help It Rise From Bankruptcy

The law can be a cold apparatus. It is made and executed by humans, but it does not behave like the mind or heart, and does not change based on a passionate argument or an emotional appeal.

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Related Topix: Economics News, Public Relations, Opinion

7 hrs ago | Sacramento Bee Newspaper

California cities don't fare well in recovery rankings

In this June 27, 2012 file photo, pedestrians cross a street near the Bank of Stockton in Stockton.

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Related Topix: California, Stockton, CA, Templeton, CA, Economics News

11 hrs ago | WLUK-TV Green Bay

Wis. archdiocese bankruptcy case sent to mediation

A federal judge ordered mediation Wednesday in the Archdiocese of Milwaukee's bankruptcy case, saying she believed it was the best bet for resolving the hard-fought case and keeping more money from going to lawyers rather than sexual abuse victims.

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Related Topix: Economics News, Seventh Circuit Court of Appeals, US News, Mortgage, Personal Finance

Wed Jul 30, 2014

CNET News.com

a Korean handset maker Pantech saved from bankruptcy

Korea's number three handset maker Pantech has been given another lifeline after standing at the brink of bankruptcy due to the company's immense debt.

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Related Topix: Economics News

Fox News

Bankrupt San Bernardino Eyes Pot Sales for Funds

The city attorney of bankrupt San Bernardino, California, has a novel idea for raising new revenue - open medical marijuana dispensaries to sell pot.

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Related Topix: San Bernardino, CA, Economics News, Marijuana, Business News

Rock FM

Directors Lobby To Keep Film In Hollywood

Kodak is aiming to strike a deal with all of the major studios as it faces stiff competition from digital technologies.

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Related Topix: Economics News

ABC News

IMF Says Cyprus Will Need More Spending Cuts

Cyprus' president on Wednesday rebuffed an International Monetary Fund assessment that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.

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Related Topix: Economics News

Tri-cityherald.com

Explo to plead guilty in September

Webster Parish District Attorney Schuyler Marvin tells The Times the plea was scheduled to have been entered Tuesday but was postponed because of pending action in federal court with the company's Chapter 11 bankruptcy proceedings.

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Related Topix: Minden, LA, Economics News, U.S. Environmental Protection Agency, Environmental Law, Law, Environment, Science

Myrtle Beach Online

Brownback's GOP challenger has bankruptcy in past

Jennifer Winn tells The Wichita Eagle she was going through a divorce and not receiving child support when she filed for Chapter 7 bankruptcy in 2004, facing more than $79,000 in debts.

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Related Topix: Economics News, US Governors, Sam Brownback, US Politics, US News, Myrtle Beach, SC, Business News

Channel3000

Milwaukee archdiocese owes millions in legal fees

Kelley agreed more than a year ago that the archdiocese would not have to pay legal fees while its bankruptcy case was pending so it could keep enough cash on hand to cover at least one month's bills.

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Related Topix: Economics News

SanLuisObispo.com

Bank scandal tarnishes powerful Portuguese family

Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation.

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Related Topix: Espirito Santo Financial Group SA, Financial Services, World News, Brazil, Economics News

Reuters

Critical Detroit bankruptcy hearing delayed by one week

The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and exit bankruptcy will be delayed by one week to Aug. 21, a federal judge ruled on Tuesday.

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Related Topix: Economics News

Tue Jul 29, 2014

ABC News

Detroit Bankruptcy Trial Delayed Until Aug. 21

Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days.

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Related Topix: Economics News

Myrtle Beach Online

Soldiers get $92M in debt relief under settlement

Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.

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Related Topix: Indiana, Economics News, Business News

Tri-cityherald.com

Detroit water department placed in mayor's hands

In this July 8, 2014 file photo, Chester Clemons, a water shut-off technician for the city of Detroit, shuts off the water at a home in the Palmer Woods neighborhood of Detroit.

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Related Topix: Detroit, MI, Economics News

KRVN-AM Lexington

Airlines Report Strong Second Quarter Earnings

The airline industry is making more money after several difficult years during the recession.

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Related Topix: Economics News

Myrtle Beach Online

Suzuki recalls nearly 26,000 cars for fire risk

The recall covers the Verona from the 2004-2006 model years. It's an expansion of an earlier recall of the Forenza and Reno.

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Related Topix: Economics News, Myrtle Beach, SC, Business News

Washington Post

Would boosting the eligibility age for Medicare save it from 'bankruptcy'?

"We ought to have a platform to plan to save Medicare from bankruptcy. Under current law, Medicare goes bust.

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Related Topix: Healthcare Law, Law, Medicare, Economics News

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