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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 111-121
  • Case offers insight into archbishop's leadership

    Case offers insight into archbishop's leadership
    When Bishop Blase Cupich arrived in the Spokane diocese, he faced nothing short of a financial disaster stemming from the clergy sex abuse scandal. A victims fund had been drained, and mounting claims were pushing the possibility of foreclosure on...
  • Stockton bankruptcy ruling a blow to pensions

    Stockton bankruptcy ruling a blow to pensions
    SACRAMENTO — A federal bankruptcy judge dealt a blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy — just like its other debts....
  • Detroit's emergency manager says settlement with museum avoided costly legal fight

    DETROIT Detroit emergency manager Kevyn Orr said finding a way to settle the issue of ownership of the art held by the Detroit Institute of Arts was critical to avoiding a prolonged, costly legal battle. One of the central issues in the city's bankruptcy...
  • Husband gets 41 months prison in 'Real Housewives of New Jersey' fraud case

    By Terence McGinley NEWARK, N.J., Oct 2 (Reuters) - Joe Giudice, reality television cast member and husband of one of "The Real Housewives of New Jersey," was sentenced on Thursday to 41 months in prison in the couple's federal fraud case. The couple...
  • Chicago Spire bankruptcy plan wins creditor support

    Chicago Spire bankruptcy plan wins creditor support
    The votes are in, and creditors tied to the Chicago Spire, the infamous project that has yet to be, like the proposed reorganization plan. All creditors authorized to vote on Shelbourne North Water Street LP's reorganization plan cast ballots in favor...
  • CitiMortgage, Wells lose bid to end lawsuit over credit reports

    NEW YORK (Reuters) - Wells Fargo Bank and Citigroup's mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge...
  • Participants in Detroit pension borrowing knew debt sale was 'iffy': city lawyer

    DETROIT (Reuters) - Detroit's controversial sale of $1.4 billion of pension debt, which has become one of the biggest disputes in the city's historic bankruptcy case, involved risks known to all the parties in the transaction, an attorney for the city...
  • Fannie, Freddie shares slump after investor lawsuits dismissed

    (Reuters) - Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. Treasury's right to seize the mortgage finance companies' profits. Judge Royce Lamberth of the U.S. District Court for...
  • Vegas casino owner wins Revel auction

    Brookfield Asset Management's winning bid of $110 million for Atlantic City's Revel Casino Hotel, and the company's intention to operate it as a casino, have generated excitement. But the financial condition of Brookfield's Hard Rock Hotel & Casino Las...
  • Judge rules Calpers can be impaired in Stockton bankruptcy

    SACRAMENTO Calif. (Reuters) - The judge overseeing the Stockton, California, bankruptcy on Wednesday ruled the state's huge pension system, Calpers, can be impaired as part of the city's financial restructuring. U.S. Bankruptcy Judge Christopher Klein...
  • Calpers says ruling by judge in Stockton case is not legally binding

    (Reuters) - The California Public Employees' Retirement System, or Calpers, on Wednesday said it disagreed with a U.S. bankruptcy judge's ruling that Stockton, California, could impair worker pensions as part of the city's proposed financial...