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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

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  • News of the Weird: Norway's Battle Against Chaos

    News of the Weird: Norway's Battle Against Chaos
    Norwegian public television (NRK), which introduced the now-legendary continuous, live log-burning show (12 hours long, with “color commentary” on the historical and cultural importance of fire), scheduled a new program for this week in its appeal to serenity (labeled “Slow TV”). On Nov. 1, NRK was to televise live, for five hours, an attempt to break the world record for producing a sweater, from shearing the sheep to spinning the wool and knitting the garment (current record: 4:51, by Australians). (In addition to the log, NRK viewers have been treated to live cams on a salmon-fishing boat and, for five days, on a cruise ship.) Said an NRK journalist, “You would think it's boring television, but we have quite good ratings for these programs.”
  • KidsPeace emerges from bankruptcy

    KidsPeace, the Orefield-based organization that's been treating troubled children for more than a century, emerged from bankruptcy Friday after shedding more than $80 million in pension obligations and millions of dollars in yearly debt. Fourteen...

    Argentina debt talks must continue after default: U.S. Judge

    Argentina debt talks must continue after default: U.S. Judge
    NEW YORK/BUENOS AIRES (Reuters) - Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was...

    Federal court agrees to suspend Detroit bankruptcy appeals

    (Reuters) - A federal court agreed on Friday to suspend seven cases seeking to overturn a lower court ruling that found Detroit was eligible for municipal bankruptcy. The Sixth Circuit U.S. Court of Appeals' action followed motions filed on Thursday by...

    Filing bankruptcy? How to protect loved ones who cosign loans

    Wanda says her daughter is the cosigner for two auto loans. Wanda also is considering a bankruptcy filing. She asks: Will seeking bankruptcy protection affect her daughter's credit? Answer: It could. Bankruptcy filings can be tricky, especially if...