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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
  • As it moved to seize home, bank never told widow her loan was insured

    WASHINGTON For more than a decade after her husband died, Laura Coleman Biggs paid her mortgage to a Bank of America subsidiary. She was never told, even as she was weeks from losing her home, that her husband had actually protected her against...
  • IRS says prominent Texas businessman, late brother owe $3B

    The IRS wants $3.2 billion to cover back taxes that it says are owed by a prominent Texas businessman and his late brother who the IRS says hid income by setting up overseas trust funds. The Internal Revenue Service detailed its claim in documents...
  • Herb Trimpe remembered: ‘Incredible Hulk’ artist saluted by Axel Alonso, Dan Slott and others

     
    Herb Trimpe, a veteran comic book artist who helped shape Marvel's Silver Age of comics, died Monday at 75. Trimpe […]...
  • Frederick's of Hollywood closes all stores, strips down to Web

    Frederick's of Hollywood closes all stores, strips down to Web
    Frederick's of Hollywood Group Inc., a Los Angeles lingerie brand that struggled to compete with rival Victoria's Secret, has closed all of its stores and will do business only online. "We no longer have store locations," the retailer said on its...
  • Why it's proving hard to save Greece

    By the day, Greece is getting closer to a potentially catastrophic debt default that could force it out of the euro bloc. All it needs to avoid that fate is a deal with its creditors to get more loans — yet weeks of wrangling over the terms have...
  • Private equity firm closes deal to buy teen retailer Wet Seal

    Private equity firm closes deal to buy teen retailer Wet Seal
    Versa Capital Management has finished its deal to buy Orange County retailer Wet Seal, shutting a chapter on a troubled retailer rocked by turmoil. Wet Seal, which has been taken private, will maintain its headquarters in Foothill Ranch, the  ...
  • 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...