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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 12-22
  • 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...
  • 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 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...
  • 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...
  • Man pleads not guilty to fraud in 2012 U.S. meningitis outbreak

    BOSTON (Reuters) - A pharmacist who worked for the Massachusetts company that sparked a 2012 U.S. meningitis outbreak that killed 64 people pleaded not guilty on Thursday to the first criminal charges filed in the case. Glenn Adam Chin, 46, said in U.S....
  • 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...
  • Trump Entertainment begins race to save Atlantic City casino

    Trump Entertainment begins race to save Atlantic City casino
    WILMINGTON — Trump Entertainment Resorts Inc.'s first day in bankruptcy court in Wilmington Wednesday went off without a hitch. Judge Kevin Gross approved all the standard motions needed for Trump to continue operating as it tries to work out a...
  • RadioShack restructuring begins to takes shape

    RadioShack restructuring begins to takes shape
    Troubled electronics retailer RadioShack Corp , whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people...
  • Detroit bankruptcy trial delayed until Monday by U.S. judge

    DETROIT (Reuters) - A federal judge has put a landmark trial on Detroit's plan to exit bankruptcy on hold until Monday, as the city neared a deal with bond insurer Syncora Guarantee Inc, one of its most formidable hold-out creditors. Syncora had argued...
  • Rothstein judges approve Ponzi victims' settlement plan worth more than $50M

    Rothstein judges approve Ponzi victims' settlement plan worth more than $50M
    Scott Rothstein's Ponzi scheme was unusual on many fronts — it was one of the biggest and most audacious in U.S. history. But federal authorities say it is also unusual because, unlike most such frauds, they expect that almost all of the victims...