02/20/2012 08:51 PM
02/17/2012 08:36 PM
After three years of legal battles a bankruptcy judge has given Washington Mutual permission to exit reorganization. The $7 billion reorganization will allow the savings and loan giant to begin pay...
02/16/2012 04:58 PM
General Motors was on the brink of liquidation over two years ago, but today they reported their largest profit in the company’s history. General motors profits for 2011 totaled $7.6 billion, which...
02/15/2012 07:40 PM
Irwindale, CA- Irwindale Racetrack LLC filed for Chapter 7 bankruptcy Monday and canceled their racing schedule for 2012. A Chapter 7 filing is recommended by a bankruptcy attorney when a business ...
02/14/2012 06:49 PM
Energy Conversion Devices Inc., a company that manufactures lightweight solar products, has filed for Chapter 11 bankruptcy and plans to sell off its solar panel unit, according to Bloomberg. Energ...
02/13/2012 07:18 PM
TLC singer T-Boz filed for Chapter 13 bankruptcy back in October citing that she racked up $700,000 in debt. But last week a bankruptcy judge on Atlanta threw out her case for the third time. The l...
02/13/2012 04:07 PM
The bankruptcy trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC. is attempting to clawback proceeds from Koch industries, according to the Wall Street Journal.
02/09/2012 07:36 PM
A new report released by the National Association of Consumer Bankruptcy Attorneys show that student loan debt could be the next financial crisis America faces. The report serves as a warning that ...
02/08/2012 06:45 PM
Quirky, some say crazy, actor Gary Busey, who has starred in over 70 films filed for Chapter 7 bankruptcy in a California court Tuesday, according to TMZ. Busey, 67, appeared on Celebrity Apprenti...
02/07/2012 07:27 PM
A preliminary report filed by MF Global’s bankruptcy trustee, James W. Giddens shows that the company used segregated customer funds to finance their daily activities. The report shows that MF Glob...
02/06/2012 06:55 PM
Global Aviation, a private company that charter flights for military members, filed for Chapter 11 bankruptcy protection. Global Peachtree, a Georgia based company, generated 82 percent of its inco...
02/03/2012 09:06 PM
Providence, RI- Mayor Angel Taveras warned that the city was close to going bankruptcy in June if they cannot cut their deficit. Traveras, a Democrat, said that the city cannot afford the annual ra...
02/02/2012 04:56 PM
02/02/2012 02:45 AM
01/31/2012 07:52 PM
One of Iowa’s largest architectural-engineering firms Durant Group has filed for Chapter 11 bankruptcy protection as it looks for a new owner. Joe Pfeiffer the attorney representing Durant stated h...
01/30/2012 09:49 PM
Lee Enterprises Inc. got final approval from a bankruptcy judge on Monday to exit Chapter 11 bankruptcy, according to CBS News. Lee Enterprises Inc. publishes over 50 newspapers nationwide and file...
01/27/2012 06:44 PM
Hostess Brands Inc., makers of the infamous Twinkie has asked a bankruptcy judge to cut some its union obligations stating it is the only way for the company to emerge from bankruptcy. Union bosses...
01/26/2012 08:01 PM
01/25/2012 08:09 PM
01/24/2012 10:39 PM
