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A collection of news and information related to Bankruptcy published by this site and its partners.
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Bob Lutz, Chinese in bid to buy Fisker Automotive -sources
ReutersDETROIT, May 21 (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter...Tags: North American International Auto Show, Manufacturing and Engineering, China, Companies and Corporations, Chevrolet
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Rhythm & Hues Stalking Horse Bidder Settles for $300K Break-Up Fee (Exclusive)
ReutersMay 21 (TheWrap.com) - JS Communications has agreed to a $300,000 breakup fee for its role as stalking horse bidder in the March sale of bankrupt visual-effects company Rhythm & Hues Studios, according to court filings. The two companies have agreed to a...Tags: Companies and Corporations, Auction Service, Academy Awards, Economy, Business and Finance, Judges
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KidsPeace files for bankruptcy
Bowing under the weight of pension obligations to its employees, KidsPeace of Orefield filed for bankruptcy Tuesday, according to a statement by its CEO William Isemann. "On [Tuesday] KidsPeace took the final step in an ongoing effort to restructure its...
Tags: Job Layoffs, Autism, Orefield, Layoffs and Downsizing
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Rival buys shuttered furnishings retailer Chiasso
Tribune reporterChiasso, the shuttered purveyor of upscale and eclectic home furnishings, has been acquired by its New Jersey-based competitor Inmod.com. The 28-year-old Chiasso closed in February, citing "economic conditions" on its Facebook page. The retailer...Tags: Pottery Barn, Media Industry, Furniture, Services and Shopping
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U.S. CFTC watchdog faults Gensler for recusal from MF Global probe
ReutersBy Sarah N. Lynch and Douwe Miedema WASHINGTON, May 21 (Reuters) - The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal...Tags: Ethics, MF Global, Politics, Religion and Belief, Securities
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Sinbad bankrupt and owes $8 million to the IRS
Zap2itNot 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. He also owes state and federal taxes from 2009 to 2012. To...Tags: Internal Revenue Service, Entertainment
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Dish's Ergen eyes LightSquared spectrum
Reuters(Reuters) - Charlie Ergen, the chairman of U.S. satellite company Dish Network Corp , has offered to buy bankrupt broadband company LightSquared Inc's wireless airwaves, a source close to Ergen told Reuters. Ergen's offer for LightSquared spectrum is...Tags: Federal Communications Commission
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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Finance, Economy, Business and Finance, Judges, Justice System, Financially Distressed Companies
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Democrats make last push in primary to be mayor of Harrisburg, Pennsylvania
ReutersMay 21 (Reuters) - The mayor of Harrisburg, Pennsylvania's cash-strapped capital, faces off on Tuesday against two fellow Democrats in a primary election that will likely determine who leads a city that has become a poster child for financial...Tags: U.S. Securities and Exchange Commission, Primaries, Politics, Harrisburg (Dauphin, Pennsylvania), Finance
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Casey Anthony: Trustee wants to examine Casey's laptop for hidden assets
The trustee in the Casey Anthony bankruptcy case wants her to turn over her laptop computer. An attorney for Stephen L. Meininger, the Chapter 7 trustee, on Monday filed a motion asking that the court force her to give him the laptop. Meininger said...
Tags: Tampa, Casey Anthony
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Report: 3 former Saab execs charged with tax evasion
Autoblog.comFiled under: Europe, Government/Legal, Saab The Associated Press reports three former Saab executives have been arrested on charges of accounting fraud. Swedish prosecutor Olof Sahlgren has refused to identify the individuals, but says they're suspected... -
Sweden probes former Saab executives in tax investigation
ReutersSTOCKHOLM, May 21 (Reuters) - Swedish prosecutors have detained the former chief executive of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday. In...Tags: Sweden, Manufacturing and Engineering, Crime, Law and Justice, Radio, Entertainment
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Wrap
May 21, 2013
|Story| Allentown Morning Call
May 21, 2013
|Story| Chicago Tribune
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Zap2It
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Allentown Morning Call
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Orlando Sentinel
May 20, 2013
|Blog| Autoblog.com
May 21, 2013
|Story| Reuters
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