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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
  • Andrew Kay dies at 95; inventor pioneered compact computers

    Andrew Kay dies at 95; inventor pioneered compact computers
    For a few years in the 1980s, Andrew Kay's computers were top-quality, low-cost and, for the day, feather-light. The Kaypro II, one of the top-selling "portables" in America, weighed in at a mere 26 pounds. While elephantine by today's standards, it was...
  • RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

    RadioShack mulls $585 million financing package from UBS, Standard General: WSJ
    (Reuters) - RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the...
  • Revel has a buyer — for $90 million in cash

    Revel has a buyer — for $90 million in cash
    Revel AC Inc. said in a bankruptcy court filing that it had reached a deal to sell its $2.4 billion Atlantic City property to South Florida developer Glenn Straub for $90 million in cash. The deal was reached Friday, according to the late Wednesday...
  • RadioShack says may file for bankruptcy

    RadioShack says may file for bankruptcy
    Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss. The company said it was also exploring other options, including a sale or...
  • RadioShack, running out of options, says it may file for bankruptcy

    RadioShack, running out of options, says it may file for bankruptcy
    Facing falling sales and accelerating losses, electronics retailer RadioShack Corp. warned it may file for bankruptcy. In a filing with the Securities and Exchange Commission, the Fort Worth company said Thursday it may need to file for Chapter 11 if...
  • More mediation ordered over potential Detroit bankruptcy deal

    More mediation ordered over potential Detroit bankruptcy deal
    Detroit, Syncora Guarantee Inc and other parties will remain in mediation indefinitely over a possible settlement in U.S. Bankruptcy Court, a federal judge ordered on Thursday. U.S. District Judge Gerald Rosen, the chief mediator in Detroit's historic...
  • Detroit reaches bankruptcy deal with fiercest creditor

    DETROIT (Reuters) - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt and...
  • RadioShack reports big loss, says bankruptcy is possible

    RadioShack reported a big loss for its second quarter on plunging sales Thursday and warned that it may have to file for Chapter 11 bankruptcy if it cannot obtain new financing. For the 13-week period ended Aug. 2, the company reported a loss of $137.4...
  • Will Mortgage Debt Relief Be Taxable?

    Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal...
  • Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

    RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday. In a tentative...
  • Orion Pictures Label Returns for First Time in 15 Years

    LOS ANGELES (Variety.com) - Orion Pictures, the distributor of '80s and '90s independent hits such as "RoboCop," "The Terminator" and "The Silence of the Lambs," is making its first theatrical appearance in 15 years. "The Town That Dreaded Sundown," a...