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Bankruptcy News

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

13 min ago | 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

2 hrs ago | 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

Philly.com

Firm agrees to $30.25M bid for Northeast nursing home

A New Jersey investment firm has agreed to pay $30.25 million for Northeast Philadelphia's Deer Meadows Retirement Community, which filed for bankruptcy protection in April.

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Related Topix: Economics News, Philadelphia, PA, Butler, PA

Mon Jul 28, 2014

Business Journal

Tempe's Cactus Rose Construction files Chapter 7 bankruptcy

A Tempe construction company that helped build Chase Field in Phoenix has filed for Chapter 7 bankruptcy.

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Related Topix: Economics News, Tempe, AZ, Phoenix, AZ

Business Journal

Johnston Barton asks for dismissal of involuntary bankruptcy

Johnston Barton Proctor & Rose has asked a judge to dismiss any involuntary bankruptcy petition filed against the former law firm by CAPREF Brookwood Office LLC. The attorney for the dissolved Johnston Barton Proctor & Rose LLP has filed a motion to dismiss the involuntary Chapter 7 bankruptcy petition against the former Birmingham law firm.

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Related Topix: Economics News, Birmingham, AL

Vallejo Times-Herald

BioHealth and Bryman colleges close their doors

BioHealth and Bryman colleges closed their doors Monday, about a week after their parent company filed for Chapter 11 bankruptcy.

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Related Topix: Economics News, San Francisco County, CA, San Francisco, CA, Hayward, CA

NewsOK.com

RPM Intl agrees to $797.5M deal on asbestos claims

RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp. The Medina, Ohio, company said Monday that the agreement still needs the approval of the claimants as well as the U.S. Bankruptcy Court.

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Related Topix: Manufacturing, RPM International, Chemicals, Medina, OH, Economics News

The Fresno Bee

How to escape the medical care debt trap

The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit.

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Related Topix: Economics News, Health Insurance, Health, Credit Card Debt, Personal Finance

Business Journal

Orlando's Parliament House files for bankruptcy

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings.

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Related Topix: Economics News, Social Software

Detroit Free Press

Bridge Magazine: After bankruptcy, giving Detroiters a taxbreak

If a wave of potential new Detroiters is standing by, waiting for the word to move in , those words might just be "tax reform."

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Related Topix: Detroit, MI, Economics News

Detroit Free Press

Tom Walsh: DIA seeks grand bargain cash from U.S., Japanese auto suppliers

It's no secret to anyone who lives or works in the city that Detroit has the highest tax rates in... Amid the splendor of the DIA's Rivera Court, U.S. District Chief Judge Gerald Rosen speaks at a news conference on June 9. Gov. Rick Snyder is at right.

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Related Topix: Detroit, MI, Rick Snyder, US Governors, Economics News, Michigan

Sun Jul 27, 2014

The Globe and Mail

U.S. Steel filings raise shakeup concerns

Steam billows from a stack at the U.S. Steel Canada plant in Hamilton in this file photo taken March 4, 2009.

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Related Topix: Economics News

BBC News

'Community banks' to avert debt trap

An uncompetitive financial services market and the expense of declaring bankruptcy are leading people into "problem debt", according to a report.

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Related Topix: Economics News

Detroit Free Press

Rochelle Riley: If Detroit were a movie, Orr would be a twist in plot

Kevyn Orr rode into Detroit on the wheels of a financial calamity and was given carte blanche by the governor to fix the financial mess while also fixing what caused it.

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Related Topix: Detroit, MI, Economics News

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