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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles see all

Displaying items 1-5
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California.
  • How to escape the medical care debt trap

    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. It's medical expenses. An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...

    Obama's veterans agency nominee vows corporate-style discipline

    WASHINGTON (Reuters) - U.S. President Barack Obama's nominee to fix the Department of Veterans Affairs pledged on Tuesday to bring corporate-style discipline and accountability to the troubled agency plagued by healthcare delays and accusations of...

    U.S. Appeals Court Rules Against Travelers In $500 Million Asbestos Case

    A federal appeals court on Tuesday ordered The Travelers Cos. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in...

    Detroit bankruptcy pension cuts approved, with only half casting votes

    Detroit’s current and retired city employees have overwhelmingly voted to support a path out of bankruptcy that will include cuts to their pensions, the city said. After a two month campaign both for and against the city’s bankruptcy plan,...