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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
  • Major settlement puts Detroit closer to bankruptcy exit

    Major settlement puts Detroit closer to bankruptcy exit
    Detroit announced on Thursday a last-minute settlement with its final major holdout creditor, Financial Guaranty Insurance Co., as it edged closer to exiting the biggest-ever municipal bankruptcy. Corinne Ball, an attorney at law firm Jones Day, told U....
  • Complaints about private student loans soar, agency says

    Complaints about private student loans soar, agency says
    Complaints about student loans are up almost 40 percent nationwide over the past year, a federal agency said this week. But gripes about local servicer Discover Financial Services are down slightly despite education lending being a bigger part of the...
  • Made in California: Steel fabricator Hannibal is bouncing back

    Made in California: Steel fabricator Hannibal is bouncing back
    During the worst of the recession, an executive at Hannibal Industries Inc. had a simple way of figuring out whether his employer was still in business. The Vernon steel fabricator had lost half its pre-downturn annual revenue of $100 million and laid...
  • Fashion Mall owners to file for Chapter 7 bankruptcy

    Fashion Mall owners to file for Chapter 7 bankruptcy
    The developers and owners of the Fashion Mall in Plantation said Tuesday that they intend to file for Chapter 7 bankruptcy. "The purpose of the bankruptcy filings is to place the assets in the hands of professional fiduciaries in order to maximize value...
  • Massive, vacant resort in West Orange to be auctioned

    Massive, vacant resort in West Orange to be auctioned
    A vacant 890-unit resort in west Orange County, one of Central Florida's biggest remaining skeleton developments from the Great Recession, is set to be auctioned at 11 a.m. in Orlando on Tuesday. Called the Grande Palisades, the condo resort has been...
  • Rauner chain hit for Ohio campaign donations

    Rauner chain hit for Ohio campaign donations
    Executives of a nursing home chain owned by Bruce Rauner's investment firm made banned campaign contributions to Ohio lawmakers in 2003 and then improperly billed Medicaid for reimbursement of the donations, according to court records in the company's...
  • Say goodbye to the Chicago Spire?

    Say goodbye to the Chicago Spire?
    Chicago Spire developer Garrett Kelleher and his venture partner appeared unlikely to make a required payment due Friday, based on an email his lawyer sent city officials Friday morning. This would pave the way for Related Midwest to gain control of the...
  • Neutrality will only take GOP controller candidate Swearengin so far

    Neutrality will only take GOP controller candidate Swearengin so far
    The mayor of this town is young, telegenic and smart. And she has — please forgive me for using this phrase — gone a little bit rogue. Republican Ashley Swearengin has bucked her party on California's high-speed rail (she supports it). She has...
  • Families in Blue Mountain Consumer Discount collapse squabbling over settlement

    Families in Blue Mountain Consumer Discount collapse squabbling over settlement
    A feud has erupted between investors who lost money in the multimillion-dollar collapse of Blue Mountain Consumer Discount Co., a Wind Gap loan company that lawsuits charge was really a Ponzi scheme. The source of the discord? A $1.2 million proposed...
  • Groups urge U.S. to reject CIT takeover of OneWest Bank

    Groups urge U.S. to reject CIT takeover of OneWest Bank
    Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers....
  • Stockton bankruptcy ruling preserves city pensions

    Stockton bankruptcy ruling preserves city pensions
    A federal bankruptcy judge approved the city of Stockton's bankruptcy recovery plan Thursday and sidestepped challenges to its workers' pensions that could have threatened municipal retirement plans across the state in the years ahead. Stockton's plan...