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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
  • Court rules GM shielded from death claims before bankruptcy

    A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's...
  • State: Revel generators need to be replaced by cleaner ones

    Not even Plan B to provide power at Atlantic City's former Revel casino appears to be working. New owner Glenn Straub has been unable to reach a deal with the power plant that is the building's sole source of utility service, and the company cut the...
  • GM shielded from many ignition-switch lawsuits, bankruptcy judge rules

    GM shielded from many ignition-switch lawsuits, bankruptcy judge rules
    General Motors is shielded from claims over deaths and other damages that occurred in crashes before the automaker’s 2009 restructuring in Bankruptcy Court, a federal judge ruled Wednesday, stopping more than 100 cases that center on faulty ignition...
  • Emanuel scoffs at Rauner suggestion that CPS declare bankruptcy

    Emanuel scoffs at Rauner suggestion that CPS declare bankruptcy
    Mayor Rahm Emanuel on Wednesday threw cold water on Gov. Bruce Rauner's suggestion that Chicago Public Schools should consider declaring bankruptcy to get its financial house in order, instead returning to the argument that the state should provide relief...
  • Madoff trustee seeks to release $1.2 billion to investors

    A trustee recovering money for thousands of victims of Bernard Madoff's (MAY'-dawfs) epic Ponzi scheme has asked a New York court to let him distribute another $1.2 billion. Irving Picard asked the U.S. Bankruptcy Court in Manhattan on Wednesday to...
  • Probe into Norton Oil's sudden closure ends, jilted customers get nothing

    Probe into Norton Oil's sudden closure ends, jilted customers get nothing
    Customers of a heating oil business that closed suddenly two years ago recently got the word they’d been dreading yet sort of expecting, that Norton Oil has no money to refund and consumer protection authorities can’t do anything about it...
  • Generators arrive at Revel; power struggle continues in court

    ATLANTIC CITY, N.J. As he promised, Glenn Straub's rented mobile generators arrived outside the powerless Revel building Tuesday morning, but they were not hooked up by the end of the day. The city continued levying $5,000 a day in fines against Straub,...
  • Christie urges benefit cuts as N.J. retiree rush strains pension

    TRENTON, N.J. Chris Christie is promoting his tell-it-like-it-is style of governing with town-hall meetings in New Hampshire before a possible White House run. Back home, attendees of such forums haven't heard the whole story of the pension mess...
  • Casino ship could sail again from Port of Palm Beach

    Casino ship could sail again from Port of Palm Beach
    The beleaguered Island Breeze II day-cruise casino ship is poised for another run from the Port of Palm Beach under a new name and operator, according to port officials. Commissioners for the Riviera Beach seaport have agreed to enter into final...
  • O.C. grads 'embarrassed' by ex-classmate's anti-gay initiative

    O.C. grads 'embarrassed' by ex-classmate's anti-gay initiative
    Although the Orange County lawyer who submitted a proposed ballot measure calling for the killing of gay people appears to have gone underground, hundreds of his former classmates have stepped forward to denounce him. More than 350 Costa Mesa High...
  • Suspicion surrounded Florida businessman who faked his death

    Suspicion surrounded Florida businessman who faked his death
    Jose Lantigua's family appeared to be living the American Dream. The Cuban immigrant claimed he had a heroic military career and earned numerous degrees before running a successful furniture business. He owned a Florida beachfront condo and a new home...