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Bankruptcy News

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

3 min ago | NBC12

GM, lawyers fight over bankruptcy protections

An Ohio man who was 19 when he made a false distress call that triggered a massive, 21-hour search on Lake Erie must pay $489,000 in restitution to the U.S. and Canadian agencies involved in the needless rescue... An Ohio man who was 19 when he made a false distress call that triggered a massive, 21-hour search on Lake Erie must pay $489,000 in ... (more)

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Related Topix: Economics News, Ohio, Ohio Government, Prison, Massachusetts, Massachusetts Government

4 hrs ago | West Australian

GM seeks U.S. court protection against ignition lawsuits

Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities.

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Related Topix: Economics News

8 hrs ago | The Huffington Post

Bankruptcy: The Foreclosure Kill Switch

With banks and other lenders frequently unwilling or incapable of providing real solutions such as principal reductions to keep homeowners in their homes, more and more families are faced with foreclosure.

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Related Topix: Economics News, Foreclosures, Home, Mortgage, Personal Finance

10 hrs ago | WLUK-TV Green Bay

Steinhafelsa American TV purchase approved

A Dane County judge has approved the sale of five American TV & Appliance stores for a total of $21 million, including three to the Steinhafels furniture chain.

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Related Topix: Dane County, WI, Economics News, Pewaukee, WI

10 hrs ago | Detroit News

Schuette won't reveal next move in light of bankruptcy pension deal

Since shortly after Detroit filed for bankruptcy in July, Schuette has made pronouncements in public and court filings that he would defend Michigan's constitutional protection of pensions.

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Related Topix: Pension, Personal Finance, Economics News, Retirement, Rick Snyder, US Governors, US News, US Supreme Court

13 hrs ago | San Bernardino County Sun

General Motors files suit in bankruptcy court for protection against ignition switch related lawsuits

General Motors Co. is asking a U.S. bankruptcy judge to shield it from legal claims for actions that took place before the company's 2009 bankruptcy.

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Related Topix: Economics News, Corpus Christi, TX

14 hrs ago | Tri-cityherald.com

Experts tapped to help judge in Detroit bankruptcy

She will give opinions on whether Detroit's plan is feasible and whether the forecast for future revenues and expenses is reasonable.

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Related Topix: Economics News

14 hrs ago | WTAQ-AM Green Bay

Detroit bankruptcy judge taps consultants for city...

The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

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Related Topix: Economics News

15 hrs ago | Common Dreams

Elizabeth Warren's Needed Call for Student Loan Reform

Sen. Elizabeth Warren has been Washington's loudest critic against a student loan regime that profits on the backs of students.

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Related Topix: US Politics, US News, Senator Elizabeth Warren, US Senate, Economics News, Home, Mortgage, Personal Finance, Liberal Political News

20 hrs ago | WISN-TV

Grads hit with defaults when co-signers die

Student loan borrowers are suddenly being thrown into default when the co-signer on their loan -- often a parent or grandparent -- dies or files for bankruptcy.

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Related Topix: Economics News

21 hrs ago | The Winnipeg Free Press

General Motors asks bankruptcy court for protection from ignition claims before bankruptcy

General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.

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Related Topix: Economics News

23 hrs ago | WBNS

Grieving borrowers told to repay student loan

The Consumer Financial Protection Bureau says that after the death or bankruptcy of a parent or grandparent, some student loan borrowers who used these relatives as a co-signer are alarmed to learn they must immediately pay a loan in full.

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Related Topix: Economics News

Mon Apr 21, 2014

Sunherald.com

Palazzo: 'A sleeping giant has been awakened' as he opens Gulfport office

Dozens came through the office during the lunchroom grabbing a sandwich and handshake or a hug and often a yard sign as well.

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Related Topix: Economics News

Detroit News

Ford said to name Fields CEO, give Mulally departure date

Ford Motor Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, according to two people familiar with the pending announcement.

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Related Topix: Ford F-150, Ford, Truck, Automakers, Ford Motor, Dearborn, MI, Economics News

StarNewsOnline.com

Coldwater Creek files for bankruptcy, to close shops

The women's clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts.

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Related Topix: Economics News

Canadian Business Magazine

Seeking to reduce debt by $1.2B, Genco Shipping files for Chapter 11 bankruptcy protection

Drybulk shipper Genco Shipping filed for Chapter 11 bankruptcy protection on Monday as it tries to reorganize its business and reduce debt.

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Related Topix: Economics News

Detroit News

U.S. Treasury chief to visit Detroit

U.S. Treasury Secretary Jacob Lew will make a two-day trip to Detroit this week, the latest high-profile visit by the Obama administration to the Motor City working to exit bankruptcy.

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Related Topix: Economics News, General Motors, Automakers

Washington Times

Court to consider Natchez hospital ombudsman

The federal bankruptcy court overseeing Natchez Regional Medical Center's Chapter 9 filing will decide this week if it needs to appoint a special patient advocate for the duration of the process.

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Related Topix: Economics News

Metal Center News

Bankruptcy Court Clears Way for Sale of PTC

The U.S. Bankruptcy Court has authorized PTC Alliance, Wexford, Pa., to sell substantially all of its assets in the United States, as well as the stock of its non-debtor subsidiary, Wiederholt GmbH.

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Related Topix: Economics News, Opinion

Sun Apr 20, 2014

The Age

The inside story behind the rise and fall of Mark Karpeles' Mt Gox bitcoin exchange

Former employees of the Mt Gox bitcoin exchange say Mark Karpeles had a tight grip over the company and wouldn't share passwords or access to Mt Gox's source code.

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Related Topix: Economics News, Bitcoin, Life, Hobbies, Anime and Manga

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