Bankruptcy News

KidsPeace , a private charity that serves children with behavioral and mental health needs, filed for Chapter 11 bankruptcy protection on Tuesday.

Oreck Corp. got approval Tuesday for an interim financing plan that will allow it to keep operating as it prepares to sell itself to the founding Oreck family or someone elseperhaps even competitor Hoover.

A man who helped dozens of people with their ACC claims says the corporation has driven him into bankruptcy and depression.

The Marlton real estate group that won the auction for Woodcrest Country Club is planning to reopen the Cherry Hill club as a public golf course, township officials said Tuesday.

Democratic voters in financially troubled Harrisburg denied Mayor Linda Thompson a second term Tuesday, choosing bookstore owner Eric Papenfuse to try to help the financially strapped capital.

Developer Renzo Renzi's attempt to stop foreclosure auctions on two Miami condominium projects through Chapter 7 filings has failed.

The ruling is also a blow to David Bergstein as the appeals court affirms they were partners in five bankrupt companies.

STOCKTON, Calif. - Here in Stockton, the standard postcards show a palm-lined City Center, without revealing that under those palm trees, the homeless sometimes outnumber the homed.

St. Louis Fourteen miners and supporters, including United Mine Workers of America President Cecil Roberts, were arrested on trespassing charges Tuesday at a rally in downtown St.

Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.

Just 13 months after it opened with sky-high hopes, the casino got out of bankruptcy court Tuesday.

Ergen has offered to buy the spectrum even though the Federal Communications Commission has yet to approve its use, according to the people, who asked not to be named because the deal hasn't been shown to the bankruptcy judge.

Thirteen Eastern Shore farms totaling about 3,000 acres are among the assets for which bids are due next month in a bankruptcy sale.

THE court examining broke developer Sean Dunne's bid for bankruptcy in the US has set a date to hear Ulster Bank's request to stop the proceedings.

Cherry Hill's Woodcrest Country Club was auctioned off Monday to a Marlton real estate group that bid $10.1 million for the historic golf course - nearly $4 million more than its appraised value, according to Camden County officials.

With a major ruling in Patriot Coal Corp.'s bankruptcy due within about a week, the United Mine Workers of America are planning a rally for 10 a.m. Tuesday starting at Keiner Plaza downtown, with participants marching to the U.S. Bankruptcy Court on 10th Street.

Not only has Sinbad gone bankrupt, but he's also facing a whole lot of debt. The comedian filed for Chapter 13 in April and claims he owes $8.3 million to the IRS for taxes from 1998 to 2006.

"Bankruptcy is not a viable option because primarily we have very little debt," said Flint emergency manager Ed Kurtz said, adding that it's a four to eight year process that would cost between $10 and 18 million.

Of the 21 law firms on the list of Central Florida's largest bankruptcy law firms, only eight of them experienced a decline in the number of Central Florida bankruptcy cases.

Monday's court hearing resolved minor outstanding issues following the sale of most of the company's assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp.