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Bankruptcy

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

Top Bankruptcy Articles

Displaying items 100-110
  • Landmark Pearl Artist & Craft Supply store closes as storied chain folds

    Landmark Pearl Artist & Craft Supply store closes as storied chain folds
    An iconic East Oakland Boulevard art supply store was alive with activity Wednesday, but not with artists sharing ideas or choosing frames and paints. Instead, the near-empty Pearl Artist & Craft Supply clanged with the sounds of workers clearing away...
  • Judge forces Detroit bankruptcy foe to name its price: 75 percent of what's owed

    DETROIT Detroit's most vociferous bankruptcy opponent said Wednesday the city cannot legally justify treating pensioners better than financial creditors and said it wants to be paid 75 percent of what it's owed. In a dynamic exchange, Bankruptcy Judge...
  • Julio Fuentes: Group's future vested on Social Security

    As the Social Security website says, "Social Security is neutral in respect to race or ethnicity." That is under a headline that says, "Social Security is important to Hispanics." True, Hispanics are treated no differently than anyone else, but we have a...
  • Longtime trustee of Pimco mutual funds appears to have lost his job

    William J. Popejoy apparently has lost his longtime position as a trustee of the nearly $2-trillion Pimco mutual funds in Newport Beach, but the usually outspoken financial executive wasn't talking about what happened. And no one else was, either....
  • Key hearing on Detroit's historic bankruptcy begins in US court

    DETROIT (Reuters) - Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday. As Detroit'...
  • 'Detroit won't recover' without grand bargain, city's bankruptcy lawyer says

    DETORIT The grand bargain to help resolve Detroit's bankruptcy offers a fair and lucrative resolution of the city-owned Detroit Institute of Arts, the city's top bankruptcy lawyer argued Tuesday. Jones Day bankruptcy lawyer Bruce Bennett offering opening...
  • Detroit, hoping to leave bankruptcy, warns of 'downward spiral'

    Detroit, hoping to leave bankruptcy, warns of 'downward spiral'
    Lawyers for the city of Detroit began their opening arguments Tuesday in what could be the final stage of the city’s bankruptcy trial, setting off a weeks-long hearing after which Judge Steven Rhodes will either approve or nix the city’s...
  • 08/25: Bankruptcies

    Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Praise Construction Company Inc., 10863 Arbor View Blvd., Orlando. Filed: Aug. 8. Assets: $287,852. Liabilities:...
  • Showboat gambling to cease on Aug. 31; Revel to close two days later

    Showboat Atlantic City will end gambling operations on Aug. 31 at 4 p.m., according to an order by the New Jersey Division of Gaming Enforcement approving closing plans for the casino that employed 2,133 last month. Gamblers will have another hour, until...
  • Will PPL spinoff Talen Energy bolt Allentown?

    Allentown is engaged in a high-stakes effort to keep PPL Corp.'s soon-to-be-created power generation and marketing spinoff company Talen Energy in its Neighborhood Improvement Zone. In a July filing with the Federal Energy Regulatory Commission, which...
  • Winn-Dixie operator Southeastern Grocers pulls IPO

    (Reuters) - Southeastern Grocers LLC, which operates supermarket chains Winn-Dixie and BI-LO, called off its plans for an initial public offering, joining a list of companies that have pulled their offerings this year. The Jacksonville, Florida-based...