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Bankruptcy News

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

2 hrs ago | The Globe and Mail

Detroit revs up for approval of bankruptcy plan

The vacant and blighted former Packard Automotive manufacturing plant is seen in an east side neighbourhood in Detroit, Michigan July 1, 2014.

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Related Topix: Detroit, MI, Economics News, Personal Finance, Retirement

6 hrs ago | Free Republic

Let Students Discharge College Debts In Bankruptcy? Yes, But...

Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt.

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Related Topix: Economics News, Occupy Wall Street, US Senate, US Politics, US News, Senator Elizabeth Warren

11 hrs ago | MLive.com

A simple guide to what comes next in Detroit's bankruptcy case

After more than a year of tense negotiations, painful compromises, tedious court proceedings and costly legal bills, Detroit's bankruptcy case appears to be approaching its final stages.

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Related Topix: Economics News, Detroit, MI, Sixth Circuit Court of Appeals, US News

15 hrs ago | The Globe and Mail

Nortel, bondholders reach settlement on key dispute in bankruptcy case

A man walks past a company sign at a Nortel Networks office tower in Toronto A man walks past a company sign at a Nortel Networks office tower in Toronto A last minute settlement has been reached in a key dispute in the Nortel Networks Ltd. bankruptcy case - over how much interest should be paid on Nortel's outstanding bonds.The settlement, which ... (more)

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Related Topix: Nortel Network, Telecom, Economics News, Wilmington, DE

Thu Jul 24, 2014

Sunherald.com

Coal bankruptcy highlights pain from cheap gas, tight regulation

The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.

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Related Topix: Economics News, US Energy Systems, Energy

The Town Talk

Canadians deliver water to protest Detroit shutoffs

Maude Barlow, a leading water rights advocate in Canada, and other activists brought 750 gallons of water in a seven-vehicle convoy that traveled through the Detroit-Windsor Tunnel to deliver the water and the message that the Detroit Water and Sewerage Department's policy of shutting off service to delinquent customers violates the United Nations' ... (more)

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Related Topix: Economics News

Hispanic Business

Airlines Pick Up Big Profits in 2nd Quarter

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

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Related Topix: Economics News, Airlines, United Airlines, Transportation, Delta Air Lines

KHOU-TV Houston

Bankrupt Energy Future to auction stake in Oncor

Bankrupt power giant Energy Future Holdings hopes to abandon its restructuring plan and auction off its stake in the profitable power transmission business Oncor Electric Delivery Co.

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Related Topix: Energy, TX, Economics News, Energy, Oncor Electric Delivery

Business Journal

Energy Future Holdings drops financing plan in bankruptcy case

Energy Future Holdings Corp. dropped its refinancing plan on Thursday, making a move that could make its Chapter 11 bankruptcy reorganization drag on.

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Related Topix: Economics News

Batley Today

Shamed scrap metal boss banned as company director

A scrap metal boss whose busted company is being chased for 55m in unpaid tax has been banned as a company director for 13 years.

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Related Topix: Economics News

The Washington Post

Petitions filed to force Truland affiliates into bankruptcy

A group of pension and trust funds for local electrical workers has filed petitions to force companies affiliated with Truland Group into bankruptcy amid reports that the Reston-based electrical contractor is winding down operations.

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Related Topix: Economics News, International Brotherhood of Electrical Workers (Electricians, Wiremen, and Linemen), Fairfax County, VA, Business News

Eater

Bankruptcy Wire: Michel Richard's Vegas Restaurant Files for Bankruptcy

Chef Michel Richard's Las Vegas restaurant, Central by Michel Richard , has filed for bankruptcy.

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Related Topix: Economics News

CIO

Sale of Mt. Gox-related Bitcoins.com halted after court order

The sale of the domain Bitcoins.com, affiliated with Mt. Gox CEO Mark Karpeles, has been halted after a U.S. court order, according to the auction house.

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Related Topix: Economics News, Bitcoin

Wed Jul 23, 2014

Business Journal

Bankruptcy: Office condo owner files Chapter 11 to halt foreclosure auction

The upcoming foreclosure auction of 14 office condos in Coral Springs was halted after their owner filed Chapter 11. PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa.

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Related Topix: Foreclosures, Economics News, Coral Springs, FL

The New Zealand Herald

Bankrupt with link to Peters sues Horan

A bankrupt businessman with convictions for tax avoidance is suing independent MP Brendan Horan and RadioLive in a $650,000 defamation claim.

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Related Topix: Economics News

Wall Street Journal

Bankruptcy Judge Sanctions Girls Gone Wild...

A federal judge has slapped the Girls Gone Wild founder with a daily fine of $5,000 until he returns two luxury cars that belong to the porn business, whose famous brand was recently sold out of bankruptcy.

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Related Topix: Economics News, Opinion

CIO

Mt. Gox trustee leaves door open to revival of Bitcoin exchange

The trustee overseeing the carcass of Mt. Gox, once the world's largest trading platform for Bitcoin, told investors Wednesday that the company could be revived.

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Related Topix: Economics News, Bitcoin

ClickOnDetroit

Detroit bankruptcy plan approved, but what's next?

WE'LL COME BACK AND TALK ABOUT MORE RELIEF IN A FEW MINUTES. Devin: DETROIT'S PLAN OF ADJUSTMENT HAS THE GREEN LIGHT IT NEEDS, BUT THE BANKRUPTCY PROCESS IS FAR FROM FINISHED.

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Related Topix: Economics News

Tue Jul 22, 2014

Globe and Mail

Essar Steel Algoma mulled bankruptcy protection

"The company's current debt obligations of over $1.2-billion and annual interest expense of $113-million are unsustainable," Algoma's general counsel, Robert Sandoval, revealed in a court filing that said the steel maker rejected a proposal by one group of creditors that it file for protection under the Companies' Creditors Arrangement Act .

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Related Topix: Economics News, Financial Markets, Foreclosures

Vallejo Times-Herald

Bryman College owner with San Jose, Hayward schools files for bankruptcy

The owner of California's Bryman College chain -- with campuses in San Jose, Hayward, San Francisco and Los Angeles -- is in financial trouble and could close.

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Related Topix: Economics News, California, San Francisco County, CA, San Francisco, CA, San Jose, CA, Santa Clara County, CA

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