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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
  • Bulgaria election frontrunner open to talks with other parties

    SOFIA (Reuters) - The frontrunner in Bulgaria's October election said on Thursday he was ready to hold talks with other parties after the vote, including to discuss securing cross-party support for legislation to ensure political stability. Boiko...
  • German aid of Nuerburgring race track illegal - EU Commission

    BRUSSELS (Reuters) - State aid given to developers at German race track Nuerburgring was in breach of European Union rules and must be paid back, the EU Commission said on Wednesday. Developers at the track were given 456 million euros (354.98 million...
  • Sources: Brookfield wins auction for bankrupt Revel Casino

    Sources: Brookfield wins auction for bankrupt Revel Casino
    Oct 1 (Reuters) - Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. The company outbid Florida real estate developer Glenn Straub, who did...
  • Dubai financial regulator seeks to wind-up local arm of Espirito Santo

    DUBAI (Reuters) - Dubai's financial regulator is seeking court approval to wind up the local arm of Portuguese financial group Espirito Santo, the latest in a series of international regulatory actions taken against the family's collapsed business empire....
  • Foreign banks resist losses on Spanish motorway rescue

    MADRID (Reuters) - Foreign banks are dragging out a 2.3 billion euro ($3 billion) rescue plan for bankrupt Spanish motorways, seeking better terms to recoup more of the money they lent the nine toll road companies, three sources said. Under the plan, the...
  • Brookfield wins Revel Casino auction, but loser vows to fight

    (Reuters) - An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if...
  • Springs voters to pick new commissioners

    Springs voters to pick new commissioners
    Chief among the issues in this year's commission race: Is building a new, multi-million dollar City Hall the right thing to do? And is the city on the right course or is change needed? The commission will have two new faces come November: Everyone...
  • Bidding underway at Revel casino auction

    ATLANTIC CITY, N.J. Bidding for Atlantic City's shuttered Revel Casino Hotel is underway. Glenn Straub, who set a baseline for the auction with a $90 million bid, is now offering $95 million, his attorney, Stuart J. Moskovitz said. That topped a $94...
  • U.S. bankruptcy judge allows Detroit water shutoffs to continue

    DETROIT (Reuters) - U.S. Bankruptcy Judge Steven Rhodes ruled on Monday that Detroit can continue shutting off water service to non-paying customers, saying his court does not have jurisdiction over the issue and that suspending disconnections for six...
  • Judge rules he can't stop Detroit water shutoffs

    DETROIT Detroit's bankruptcy judge said Monday that he lacked the authority to issue a restraining order to stop water shutoffs over delinquent bills, saying that there is no constitutional right to water and a moratorium would be a financial hit to the...
  • Six years after AIG bailout, trial asks: was it legal?

    WASHINGTON (Reuters) - One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal. In...