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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
  • Detroit bankruptcy ruling good for retirees, but city has long way to go

    Federal bankruptcy Judge Steven Rhodes’ approval Friday afternoon of the city of Detroit’s municipal bankruptcy plan will be parsed, debated, scorned and lauded over the next few days (Next Chapter Detroit live blogged from the courtroom). But...
  • Investors ask court to put O.C. Register parent in receivership

    Investors ask court to put O.C. Register parent in receivership
    Two investors in Freedom Communications, the owner of the Orange County Register, are asking a Delaware court to put the Santa Ana newspaper company into receivership, saying the firm is "insolvent" and beset by "mismanagement." Abbey Financial and...
  • How Gloria Molina and Zev Yaroslavsky changed L.A. County

     How Gloria Molina and Zev Yaroslavsky changed L.A. County
    Gloria Molina came to the Los Angeles County Board of Supervisors in 1991 after a federal court threw out the previous year's election and ordered a new one for a new district, drawn with boundaries that gave Latinos something closer to a proportionate...
  • Parliament House seeks bankruptcy cure with plan to shed debt

    Parliament House seeks bankruptcy cure with plan to shed debt
    Parliament House, a 40-year-old gay resort in West Orlando, is floating a plan to emerge from bankruptcy by shedding about $14M in debt guarantees associated with a timeshare expansion that happened just before the Great Recession. The Parliament...
  • Former Chicago-area homebuilder gets prison for failing to pay taxes

    Former Chicago-area homebuilder gets prison for failing to pay taxes
    Dennis Weiss, a former homebuilder based in St. Charles, was sentenced to 2 1/2 years in prison Monday for failing to pay more than $1.27 million in federal income taxes and concealing business interests, according to a news release from the U.S....
  • Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

    Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
    U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward's bitcoin...
  • For Iyanla Vanzant, a new home helps mark a new life

    For Iyanla Vanzant, a new home helps mark a new life
    TV host Iyanla Vanzant was pretty much homeless at the start of the year. Yes, she was living in a cavernous 7,500-square-foot house in Upper Marlboro. But the home amounted to four walls and a roof. There was no reflection of her in it. It was an empty...
  • Troubles aside, Koss sounds an optimistic note

    MILWAUKEE For decades, Michael J. Koss has worn a bow tie pretty much every working day. He's not about to start putting on a necktie with a half Windsor. And Koss Corp., surveying the path out of business difficulties unrelated to the now-famous...
  • On Obamacare, could all Democrats really be as clueless as Sen. Schumer?

    The biggest political error committed by Democrats over the last four years has been to run away from their signature legislative accomplishment, the Affordable Care Act. As a result, they've allowed Republicans and conservatives to depict a measure...
  • Icahn lends $5 million to help Taj Mahal

    PHILADELPHIA Investor Carl Icahn has agreed to lend Trump Entertainment Resorts Inc. up to $5 million to help the owner of Trump Taj Mahal Casino in Atlantic City, N.J., pay its bankruptcy expenses into January. The move, described in a bankruptcy...
  • Billionaire Sam Zell to write memoir, 'Gravedancer'

    Billionaire Sam Zell to write memoir, 'Gravedancer'
    Billionaire Sam Zell, former owner of the L.A. Times' former parent company, Tribune, who saw his purchase of the company drive it to bankruptcy, is writing a memoir to be titled "Gravedancer." Zell dubbed himself "grave dancer" more than 20 years ago...